Important Company Changes That Will Make the Biggest Impact on Your Business Growth - CareerAlley

Important Company Changes That Will Make the Biggest Impact on Your Business Growth - CareerAlley We may receive compensation when you click on links to products from our partners. There are many different ways to ensure that your company remains stable for many years to come. After all, stability is one of the most important things to think about. Job security is always going to be a major concern for your employees and no one wants to suffer the fate of a company that cant survive past its startup stages. In order to make a big impact and grow your business, its going to take a lot of big changes and mentality shifts in your business workflow. To help facilitate your business growth, weve put together a list of sweeping company changes that are guaranteed to help you make an impact. Photo by You X Ventures on Unsplash Realigning Your Workforce Its not just important to hire the right people, but also to realign your workforce so that your employees are capable of more than what they were hired for. When youre a humble startup you probably arent making the most out of your employees for one simple reason; youre not sure what roles you even need in your business. When there are just a dozen people working for you, youre fully capable of being their manager. In order to make a big impact and grow your business, its going to take a lot of big changes and mentality shifts in your business workflow. Tweet This However, when that number triples or even quadruples, youll need to train some employees with leadership training courses to help them become managers and not just employees. Shifting roles around is important, so make sure you focus on it as a primary concern when growing your business. The 1-Page Marketing Plan: Get New Customers, Make More Money, And Stand Out From The Crowd Price: $2.99 To build a successful business, you need to stop doing random acts of marketing and start following a reliable plan for rapid business growth. Traditionally, creating a marketing plan has been a difficult and time-consuming process. Buy Now from Amazon We earn a commission if you click this link and make a purchase at no additional cost to you. Last Updated: March 2, 2020 Building a Customer Profile As a startup, your customer profile is probably nothing like the actual audience youre drawing in. This is natural because as you first start up your business, its unclear what type of customers youll actually be attracting. Your concept of the ideal customer is probably entirely different from what it was when you first drew up plans for your business idea, so its never a bad idea to refresh your idea of the ideal customer and build a new profile for them. Focus on the type of audience youre appealing to by using your experience and knowledge. Once youve developed a new customer profile, youll have a much easier time drawing new customers and spreading your brand. A good business needs to start as a functional, basic idea. Lets say you want to start a baked goods company. First, you should be able to make, package, and ship a great cookie. If you can create a cookie which could, theoretically, sustain your business indefinitely, then your idea is a good one. From the cookie foundation, you can build into other baked goods, expanding your business model. But youve started from a solid platform. Many businesses do not start from a sustainable mode, and its challenging for them to grow from that point. Is Starting a Business Right for Me? Diversify or Specialize The main fork in the road for every startup that wants to upgrade its business is whether to diversify its products or specialize. Diversification usually goes the route of appealing to as many people as possible and growing your company to a point that its instantly recognizable to people all over the world. Specialization usually involves making your brand recognizable within your industry and becoming a first-choice among people with specific needs. The Secrets to Writing a Successful Business Plan: A Pro Shares A Step-by-Step Guide to Creating a Plan That Gets Results Price: $19.95 Secrets to Writing a Successful Business Plan: A Pro Shares a Step-by-Step Guide to Creating a Plan that Gets Results by Hal Shelton will open your eyes to insider tips, hints, and techniques for creating a winning business plan. Buy Now from Amazon We earn a commission if you click this link and make a purchase at no additional cost to you. Last Updated: March 2, 2020 A good example of this would be Amazon versus Apple. While theyre both widely successful companies, Amazon caters to a wider audience, but Apple is a household name that people think of when talking about tech such as smartphones, tablets, and computers. What you choose to do ultimately depends on the type of company you want to make, but its important to start thinking about which path you want to take so you can start investing resources into one or the other. What's next? Ready to take action? Choose the right tools to help you build your career. Looking for related topics? Find out how to find the opportunities that help you grow your best career. Subscribe and make meaningful progress on your career. It’s about time you focused on your career. Get Educated Contact Us Advertise Copyright 2020 CareerAlley. All Rights Reserved. Privacy Policy + Disclosure home popular resources subscribe search