8 Secrets For Growing Your Business In Tough Times

8 Secrets For Growing Your Business In Tough Times BY http://benchmarkbusiness.com.au

How do some small businesses manage to grow and thrive while othersseem to struggle and miss opportunities that come their way? It appearsthe most successful business owners display some clear patterns andhabits.Here are 8 secrets for achieving growth regardless of the economy.•Grow to survive - Many small businesses assume it’s best to reduceofferings to survive tough times. While this seems logical, sometimesthe best move is to do just the opposite – to grow. Before cutting backand shrinking your business, consider first whether additional fundingmight help.Contact Info:Broker Support Centre, Suite 104, Bermuda Point, 20 Lake Orr Drive. Varsity Lakes, QLD 4227Australiahttp://benchmarkbusiness.com.au/

•Check your ego - You know your business inside and out, but thatdoesn’t make you an expert at running it. Smart business owners onlyknow what they know. Don’t be afraid to ask for advice and then, takeit. All successful people have a ‘coach’ or mentor.•Remember your first fans - Many entrepreneurs seem to forget whohelped them get started. If you have investors, keep them apprised ofwhat’s going on. Good communication is the key. A good investor groupcan provide mentoring and other resources, so keep them involved.•Share your knowledge - In today’s business world, success andinfluence are in the hands of those who share their ideas andinformation. Yes, you might lose a little competitive edge by sharingyour secrets, but you will gain influence, and possibly success. So whenyou found a great tool or solution, or gained insight, tweet it, blog aboutit, author an article, post it to Facebook.Contact Info:Broker Support Centre, Suite 104, Bermuda Point, 20 Lake Orr Drive. Varsity Lakes, QLD 4227Australiahttp://benchmarkbusiness.com.au/

•Hire someone to watch your money - Lack of strong accounting andfinance can be the only thing keeping you from reaching your financialgoals. Find well qualified people who share your vision and then stepback and take their advice.•Know when to persevere - Stick to your mission. Many ‘would be’success stories end prematurely because they give up when challengesmount. Don’t let hurdles stop you. Arm yourself with marketknowledge and an expert team and push through.•(But) Recognize when to change direction - There are times you mayneed to change direction or call it a day. Having the courage to do socan be liberating. You may end up with a clearer picture of what will orwon’t work.Contact Info:Broker Support Centre, Suite 104, Bermuda Point, 20 Lake Orr Drive. Varsity Lakes, QLD 4227Australiahttp://benchmarkbusiness.com.au/