How to get business growth is the theme of this weeks vlog. See below, or sit back, grab some pop corn and watch the video to find out more.
Talent needs application
Having a talented team is essential for growing your business. But talent alone is not enough. You need to make sure your team is applying their skills and knowledge to help your business grow. Encourage creativity and innovation, and make sure everyone is working towards the same goals.
2 key financial metrics: cash and profit
When it comes to growing your business, there are two key financial metrics you need to focus on: cash and profit. Cash flow is the lifeblood of your business, so make sure you’re managing it effectively. Profit is the ultimate goal, so focus on increasing your revenue and reducing your costs.
Your business is not a hobby
Running a business is not a hobby. You need to take it seriously and treat it like a job. Don’t look at everything as a cost – instead, focus on investing in your business to help it grow. Be strategic with your spending, and make sure you’re making smart investments that will pay off in the long run.
Invest in your business
Investing in your business is essential for growth. Whether it’s upgrading your equipment, hiring new staff, or expanding your marketing efforts, don’t be afraid to spend money to make money. Just make sure you’re making informed decisions and investing in areas that will have a positive impact on your business.
Have good accounting and other systems
Having good systems in place can help you streamline your operations and increase efficiency. Make sure you have a solid accounting system to keep track of your finances, and consider implementing other systems to help you manage your business more effectively.
Be patient and expect knockbacks
Growing a business takes time, and you’re bound to face setbacks along the way. Be patient and stay focused on your goals. Don’t let knockbacks discourage you – use them as an opportunity to learn and improve.
In conclusion, How to get business growth is about hard work, dedication, and a willingness to invest in yourself and your team. Focus on talent and application, cash flow and profit, and be patient. Remember, running a business is not a hobby – treat it like a job and make smart investments in your business to make it grow.
You tube channel – I Hate Numbers
Why not take advantage of my I Hate Numbers channel. This has exclusive weekly video content to help you reach and exceed those all-important targets. Don’t forget to subscribe, so that you can join countless others who have achieved huge successes by following my tips and tutorials. Together, we’ll make the numbers work for your business!
And if you’re still feeling lost or don’t know where to start, I Hate Numbers and our team at Numbers Know How will help get your business through these trying times and into a bright future ahead.
So, what are you waiting for? Get in touch with us to help make your life easier and stress free. Contact us if you need help figuring out and sorting your numbers, creating your future financial story plans, your tax , payroll and other accounting and business matters