Plan a Successful Future for Your Business in Five Simple Steps
It’s impossible to know exactly what the future holds; however, it is possible to plan a successful future for your business with the five steps listed below. These practical pointers apply no matter what industry you work in or where your business is located and can help you increase revenue, improve customer services, save time and money, and enjoy your work to the full.
Recently I spoke with many of our top clients at Kyocera Intelligence MidAtlantic can they shared these 5 steps.
Give Yourself Continuous Input
Staying abreast of industry developments can help you prepare to meet your customer’s future needs. However, it’s not the only form of ongoing learning that businessmen and women can benefit from. Inspiring business podcasts can help you keep your passion for your industry, encourage you as you face difficult times, and provide a wealth of information on topics such as selecting the right employees and keeping them long-term, networking with other players in your industry, achieving a work-family balance, etc. Select the material that best suits your needs and enjoy it.
Set Quantifiable Goals
Quantifiable goals are goals that don’t depend on the actions (or lack of action) of other people. They are crystal clear and you can easily tell if you’ve reached them or not. Good examples of such goals include:
- My business will open one new branch office every year, for the next five years
- I will have developed a new line of products, with X products available for sale, in the next ten years
- I will have a company blog set up at the end of the week, and post one article a week for the next year.
Breaking down your company’s business goals into actionable steps helps you get things done quicker and easier than would have otherwise been possible.
Adapt to Future Search Requirements
Recent statistics show that 40% of adults use voice search once a day, and that percentage is set to rise exponentially in the next few years. Now is the time to prepare for the future by optimizing your website and marketing strategies to make it easy for people who use voice search to connect with your business.
Learn how to Create New Strategies as Needed
The world is changing at a rapid pace. Can your business adapt to changing markets, new consumer needs, unexpected challenges (think COVID-19), and new technologies? Not even the smartest business owners can know exactly what to plan for in advance but anyone can learn how to be flexible and adapt to new market needs as they arise.
The benefits of using automation are innumerable. Consider the following statistics:
- Advertising automation can help your business save a whopping $130,000 every year
- 80% of companies that have tried marketing automation have seen lead growth while 77% have increased their conversion rate.
- 30% of business owners say marketing automation helps them save time
- 17% of companies that use marketing automation say the biggest benefit has been an increase in revenue for the business
If you’re not a tech whizz, don’t worry, An IT managed service can help you select automated services and products that are a good fit for your business, set up and install new tech tools and teach your employees how to use them.
Would you like to ensure your business has what it takes to remain successful long-term? Are you looking for ways to reduce expenses while improving business efficiency and boosting sales? If so, consider the tips outlined above and see how you can adapt them to meet your needs. They can be a great starting point as you successfully map out your company’s near and distant future.