Often, the statement ‘mind your own business’ is offensive; but if you want your business to grow, then you need to focus all your energy on it. Running a small business in a tough economy can be challenging. Not only will you hope your tightly budgeted marketing strategy brings you a greater deal of customers, but you wish your biggest competition closes their business soon so yours can flourish.
Instead of worrying, rather focus on your business. Mind the actions you take and carefully pay attention to what will help you grow.
THE OTHER BUSINESS REALLY ISN’T YOUR BUSINESS
Yes, you and your neighbour both sell the same beauty products; but it really isn’t your business who they sell their products to and how many clients they have compared to you – what they do is their business. The sooner you focus all your energy on the activities of your business, the greater the results.
HIGHLIGHT YOUR PROBLEMS
Make a list of things within your business that affect it, such as late deliveries from your supplier, staff shortage and missing money in the cash register. This will help you identify where your business needs to make a drastic change in order to grow.
STOP TALKING, START DOING
Chatting to others about what you wish to do to build your business won’t actually grow it. Stop talking about what you want do and the vision, and physically do it.
Don’t be that business owner who bashes other businesses or tries to make them look bad. This will push customers away. Instead of being known as the best in the business, you will build a reputation for the business that got its nose in other people’s business.
THINK OUTSIDE THE BOX
Join other business owners at small business conferences and learn from their success stories. This will help you think a lot more creatively when making business decisions.