My Top 11 Business Tips

Business-tips-GRAPHIC

A while ago I compiled a list of My Top Work Tips to help those of you who are unhappy in your current job or have felt like you’re just not reaching your full potential. This post is the follow up.
The Work Tips are for the beginning of your working journey, discovering your direction and finding your feet in your career field. This one is aimed at the freelancers, the small business owners and the more established businesspeople! However, I hope it will be helpful and interesting to anyone who is aiming to one day own their own business (and you should, it’s really fun and rewarding!)

Here are my tips that I have learnt while starting/running my own small business.

  1. Delegate

    By this point you should know your strengths and weaknesses. You must delegate any task/area of work that isn’t your strong point. Finding an expert in each field will give your business the best possible chance for success. This can be a particularly hard task for Type A people or those who have a socially acquired need for achievement.

  2. Be efficient with time and space

    Every resource is precious. Plan your time affectively, budget, shop around for the best option and use your space to the maximum! There’s no point in paying for a warehouse or storage area if you don’t make the most of it.

  3. Spend wisely

    Budget, budget, budget! To get the most back, you have to use as little as possible (within reason). Make sure you know your outgoings, income streams, tax rate, debts etc. As for expenses; shop around, do your research and make sure you’re getting the best possible deal.

  4. Realise the importance of branding

    This may sound silly, but I constantly see logos or graphics for companies and think “WHY WOULD YOU DO THAT?” Your logo should be your company condensed and defined by that one little graphic. It’s imperative to get that right. I find it useful to think of 10 words that sum up your company and work out a logo that embodies them. If you’re working with a designer, the more information and guidance you give them, the easier it will be for them to create the perfect branding. Once the logo is created, all other visuals should be consistent.

  5. Have a user friendly website

    If you have Google Analytics (which you should!) check your “bounce rate”. This is the number of people that click on your site and then click straight back off of it again. If your website is confusing, disorganised or horrible to look at, people won’t stay around for long. Look at other websites and note factors that you like or ones that make it messy/annoying and then adapt your website accordingly.

  6. Only upgrade when you really have to

    This is particularly fitting for smaller businesses. The first year or two are crucial to your future success and you need to be as savvy as possible with your resources. Need a bigger office space? Or can you enhance the one you have, making it more efficient while saving yourself a lot of time and money?

  7. Get feedback

    Don’t be scared to ask customers how they found you or ask friends/relatives to review a product/service before it goes live. It’s really useful to get feedback, whether it’s in regards to the product, branding or promotional methods. This can create a clearer path for future decisions.

  8. Trust your intuition

    You can plan every little detail and do all the research in the world but nothing is going to be set in stone. The best skill you can practice is adaptability; deal with whichever curveballs come your way and know when to trust your gut because there will be times when logic doesn’t prevail.

  9. Remain savvy!

    Even if your business takes off and you’re seeing an increase in profit, don’t get carried away! It’s still in your interest to keep costs low and use as few resources as possible. In regards to space and storage, work out what is best for your products/company/space. There are plenty of options and if you do your research, you can make sure your space is used efficiently.

  10. Make sure you have written agreements

    When starting out it doesn’t matter if friends are helping you out or favours are being granted, make sure everyone you work with has a written agreement in some shape or form. The more professional you come across, the more professional you’re business relationships will be and you’re less likely to be let down.

  11. Be humble and appreciative

    Remember there are continuous risks and new problems will spring up when you least expect it, so don’t get too big for your boots. As well as this, it’s imperative that you appreciate and reward the people who are working hard for you. Work out who you NEED and make sure they’re happy/challenged/fulfilled.

    image2

Well, there you have it. My 11 Top Business Tips. Feel free to add more in the comments!
Which business hurdles have you come across?

signature

INSTA | TWITTER | BLOGLOVIN

This post contains sponsored links from Warehouse Storage Solutions Limited.

 Warehouse Storage Solutions Limited is located in Harrogate and provides storage solutions to different businesses all over UK, from start ups to more established companies. WSSL designs and builds mezzanine floors for businesses which can suit many purposes and provide a very cost effective solution to increase your office space.
See website

You might like: My Top 11 Tips for Work Wellbeing and 11 Reasons to take Risks

 

Advertisements

11 thoughts on “My Top 11 Business Tips

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s