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Expert Answers to Biz Questions
Listen in! Pick up some expert advice to a reader's question that we selected from CyberSchmooz.
4 Tips To Help You Run A Better Small Business
Running a small business is a satisfying career to have, but it can also be quite overwhelming at times. There’s a lot to think about and do on a daily basis, and it may seem as though everyone’s relying on you for answers.
The good news is that even if you’ve made mistakes in the past, you always have the ability to learn from these mishaps and move forward in a different direction. Avoid beating yourself up for previous poor decisions and instead review the following tips that are going to help you run a better small business so you can build a brighter future for yourself, your employees and your clients.
1. Advance Your Knowledge
One tip to help you run a better small business is to focus on you advancing your own knowledge, skills, and abilities. For instance, take time to visit www.online.redlands.edu/programs/online-mba/finance to research your options further for how you can be learning more about business and finance. This knowledge is going to help you outwit your competitors and make sure you’re up to speed with the latest trends and strategies when it comes to being a business owner.
2. Hire Wisely
Another tip that’s going to help you run a better small business is to be picky about who you hire and bring on your team. It’s in your best interest to read through resumes and be part of the interviewing process so you feel comfortable when extending offers to certain candidates. As you grow and expand your business, you’re only going to get busier and you’ll want talented employees on your side who can help you reach your goals and innovate your products or services.
3. Focus on Your Customers
You should also try to get in the habit of always focusing on your customers and putting them first. Be proactive, and reach out to your customers to ask for feedback so you can monitor your performance appropriately. Be sure to not only deliver on your promise but to go above and beyond for them whenever possible. You can run a better small business when you make sure that your paying customers are satisfied and will recommend you to others.
4. Create A Support Network
Finally, it’s in your best interest to build a support network of people who you can turn to in good times and in the bad. You never know who you’ll meet that’s going to be able to assist you in bringing your company to the next level. Remember that although you’re in business for yourself, it doesn’t mean you have to do all the work alone or have all the answers right away. Use your support network to bounce ideas off of and for advice when you’re feeling lost or confused. It’ll also be nice to have someone who you can call up to go get a cup of coffee or play a round of golf with and discuss general business issues and concepts within your free time.
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