In this third and final part series we shall discuss on how to expand your business in 2021.
If you missed our second part read it here Take my business to the next level in 2021 (Part II) – Ayaka Management Consultancy (ayakaconsultancy.com)
If you are looking to expand your business in 2021, it means that you have reached a certain level of growth and you want to explore what more you can do and or offer. Let us dive right into it.
What do your customers want? Have you taken time to find out from them what they need? You can do this through a simple poll on your social media, a text message or an email and invite your clients to respond from the choices that you may have given them or asked them to give their thoughts. Perhaps, you can ask them what new products and services they would wish you give them. This simple poll will give you a guidance of how to proceed. This may mean adding these new products and services to your portfolio hence expanding your business.
Do you need to add more stock in your business? Perhaps move to a larger business premises? You may need to check if you have the required capital to do so. If not, you need to explore the options that may be available to you. Perhaps, you need to seek financing from a lending institution. Next, evaluate your options, you need to take the bold step and go after it.
In the quest of expanding your business you might want to focus on growing your sales and customer numbers. This we have covered in our first and second series of this feature. You may want to check that out on our immediate previous posts.
Finally but not least, make sure that your operations are tightened. Do you have the right manpower to handle the expansion? Do you have the right systems in place? Is your mind set right on expanding your business? Are you well equipped to handle any arising factors? You must make sure everything is in place before and as you proceed with expansion.
Do you need more help in your business ? Sign up to my Grow my business coaching program below.