Tips for Growing Your Business

The experts at Corporate Business Solutions often partner with businesses and corporations to plan and manage business growth.   If you’re focused on growing your brand, let us lead the way for you. 

Here are three tips from the business growth professionals at Corporate Business Solutions LLC:

1. Realize That You Can’t Do Everything - As a small-business owner, you’re going to have to be at ease wearing many hats – salesperson, bookkeeper, publicist – but that doesn’t mean that you should do everything yourself.  Knowing when to seek out talented people who share your vision is a crucial test for any business owner. There’s only so much you can do on your own, so if you’ve got your sights set on growth, come to terms with the fact that you’ll need help before long.  You don’t need to relinquish any of your control to make this happen – but you do need to realize that you’re only one person.

2. Run the Business You Want, Not the Business You Have - The “fake it ‘til you make it” principle is something you should adopt, especially in the early days of your business. This concept applies to every aspect of your business, from the language used on your marketing materials and website to the way you greet prospective clients. If you project an air of confidence and authority when dealing with new customers, you can make a great first impression that offsets your relative lack of experience or smaller size.

3. Don’t Dip into Your Business’ Bank Account - Once you’re up and running, it’s tempting to see your business as an extension of your checking account, but you must resist the temptation to “borrow” funds from your business or splash out on lavish expenses. 

Growth costs money, even for the most successful ventures. Every time you take more out of your business’ funds, you’re hurting your chances for growth. Make sure you’re adequately compensated for your work, but keep your salary modest and make reinvesting in your business a top priority.

Moreover, you must avoid treating your business as your personal bank account.  If you don’t keep personal funds and business funds separated, then you run the risk of having the protection of the corporate veil pierced with a legal judgment against you for failing to maintain the structure required by law for corporations. 

To learn more and / or to schedule your complimentary appointment with the business experts at Corporate Business Solutions LLC, call us at 877-357-9366.