HOW TO MANAGE AND GROW YOUR BUSINESS
For business owners, business
starters and young entrepreneurs, you need to realize that as a business owner,
you have a lot of weight on your shoulders, and you have so much to do, it is
expected of you, and you always desire to take your business to the next level.
One thing however that you need to
know is that how you manage your business to a very large extent determines
your success or your failure, how you manage your business and the things you
do from day to day, from time to time greatly determines if the business will
go up or if it will crumble, it determines if the business will experience an
all time high, or if it will come tumbling and crumbling down to an all time
low, so you need to realize that managing your business is serious
business,
matter of fact, it is
a business in itself.
Managing your finances, managing your
daily tasks, managing your business plan, managing many different activities,
managing customers and clients, managing employees (if you have any), are
important aspects of your business that you should critically look into.
I will share with you a few things
you need to do to successfully manage and grow your business.
1. 1. Don’t lose sight of the bigger
picture; whatever
you have done, whatever you are doing, whatever you plan to do, whatever
happens, never lose sight of the bigger picture. Never forget why you started,
and where you are going. Don’t be lost just working in the business that you
forget working on the business. See, it’s easy to be carried away, and you will
only be thinking on the immediate and working on the immediate, don’t let that
happen to you. While you are working on the immediate, do keep an eye on the
future as well, network with other entrepreneurs, business owners, and business
leaders, hold workshops with your team, and attend seminars and professional
development events. If you do all these, you will get ahead in the long term,
and you’ll be motivated and energized in the mean time.
2.
2. Cut
Cost; another
thing that I will talk about is handling and managing your finances, you need
to be frugal and try to minimize expenses as much possible, because even big
businesses and corporate giants don’t throw money around anyhow. Be stringent
on costs, and save everywhere and in every way you can. It’s been said that a
penny saved worth much more than a penny earned. So cut costs and minimize
expense, this way, you’ll sure grow your business.
We will pick up from here in the next
episode. Best wishes always.
You will win.
It’s the Business Guy. ‘Lamide Adenuga.
Lamide Adenuga is an author and an
International Speaker who believes the right mentality can power anyone to
success. He is a Business Development
Consultant/Business Management Consultant, a well sought out for International
Conference Speaker, and a Business Coach to entrepreneurs, aspiring
entrepreneurs, business owners and business starters. He has been invited to
various conferences and seminars far and wide, and has addressed various groups
and subgroups of business leaders, and business owners. He is also an Angel of
strategy and organization.
He is a Seasoned Trainer, Conference Speaker and a Public Relations Specialist who has
written articles in various newspapers, journals and magazines. He is a Personal Effectiveness columnist in OVATION International Magazine.
He
is also a Television host with his Motivational telecast, “MAKING THINGS HAPPEN” on WAP
TV, DSTV Channel 262. GO TV Channel
102. Startimes Channel 116 on Mondays,
Wednesdays, Fridays. 8.15am.
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thank you for this sir.
ReplyDeleteThis is a good piece bro. Wale from Osogbo.
ReplyDeleteI have learnt a few things for this, it will be useful for my small business, i look forward to the concluding part. Simisola from Uyo, Akwa Ibom.
ReplyDeleteI greatly appreciate this sir. Udoh from Ebonyi State.
ReplyDeleteNice Piece. Thanks and God bless you.
ReplyDeleteI always enjoy your TV Program. Seyi from Ikorodu, Lagos.
ReplyDeleteGod bless your heart, Mr Lamide.
ReplyDelete