Five top tips for business growth

By: Guest contributor

Date: 13 October 2014

My five top tips for business growth1. Create, create, create…

Never sit back and admire what you've achieved – always look forward to what's next. Innovation is progress and progress leads to further success, so don't put a lid on your ideas and goals – however successful your current business. Continually evolve your offering, responding to clients' needs and aspirations to keep clear water between you and your competitors. Regularly step back to view your business from your customers' perspective and always seek to exceed their expectations.

2. Don't take no for an answer…

In the early days, cashflow was a major issue for us and we felt like we were hitting brick walls, one after the other, in our search for a bank to allow us BACS and direct debit capabilities. We knew we needed them for the development and scalability of the business and were determined not to give up. We finally found a bank to say 'yes' when all the advice around us urged caution. If you believe in something and know it's right for you – stick to your guns.

3. Recruit on attitude, not aptitude…

Any business is only as good as the people in it, so you need to get your recruitment right. Recruit on attitude not qualifications on a piece of paper; have fun together; introduce a strong culture of reward and recognition; and – importantly – pay more to attract the very best.

4. Have the courage of your convictions…

When we started out in 2000, a time when outsourcing was seen as the preserve of larger businesses, we were considered to be bucking the trend by providing our service almost exclusively to start-ups and small firms. At that time, for larger businesses to even think about outsourcing their telephone answering function was virtually unheard of, so we faced many sceptics.

5. Communicate well and nurture relationships…

Listen to your clients, communicate well and think about what you need to do to reach new markets. Pre-empt. Don't be afraid to be different. Stand out, so that it's easier for prospects to make a choice. Get your name out there; get people talking about you and build fantastic relationships. Don't just concentrate on new acquisitions; look after the ones you already have, too.

Copyright © 2014 Ed Reeves. Ed is co-founder and director of telephone answering specialist Moneypenny and sister product Penelope.

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