4 Tips To Help Keep Your Small Business Growing

4 Tips To Help Keep Your Small Business Growing
Over time, your business expenses will start increasing bit by bit as the years pass by. For your business to stay profitable - you’ll need to start growing in order to make way for increasing sales.

But where do you start, or which business goal should you set your mind to? Do you need more manpower, or will you need to switch up your marketing strategy? At the end of the day, your startup can only grow by increasing your customer base - and that’s what you ultimately want to achieve with your goal.

Read on for four tips that will help your small business grow.

Outsource services

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Small businesses, in particular, have a harder time managing tasks due to the lack of manpower. Even if some employees or yourself are versatile and good in a number of tasks - you wouldn’t want their time to be spread out doing several tasks at one go. 
Focusing on less minor tasks such as accounting shouldn’t be the case as well; instead, you should be concentrating on core business activities like marketing and driving sales.

To put it another way, you should outsource the areas that you and your team aren’t especially good at. Let other professionals take on these tasks instead. Moreover, outsourcing may be more affordable in the long run, as you cut down expenses on hiring full-time employees.

Focus on the customer

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Most small business owners are unsure of what they should focus on after launching the business. Some get caught up with their core business activities that they forget the most important goal; to meet customers’ needs. A business should be going the extra mile to make the customer feel special - and that’s when customer experience comes in. When you focus on them, they’ll feel valued - in turn, this will build loyalty and bring in referrals naturally.

To attain that goal, your employees will need to feel driven at work first - and you can do that by picking a convenient location for them. Our property at Cantonment Central provides an office for rent near Tanjong Pagar MRT Station and is located at the fringe of CBD in District 02, right next to Southpoint. Currently, we have 8 units available - ranging from 200 to 754 sq ft, furnished with air conditioning, lighting and a carpet. Many entrepreneurs and startups in banking and finance, consultancy services and creative agencies will also like the location for its short distance to the prime centre of Tanjong Pagar and Chinatown. Moreover, the compound is also accessible via Central Expressway and Ayer Rajah Expressway so staff with personal transport can report to work easily. There’s also free parking and nearby eateries for employees to save costs and have hearty meals at. Other than office usage, it is also suited for commercial and F&B purposes. 

Expand your knowledge

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Attend networking events, get involved in the business communities and go for talks. All these will help you gain new knowledge and experience of your industry. On the other hand, you can also educate yourself about a topic on your own. Do some targeted internet research about your respective industry, and look for articles on successful businesses that do a similar line of work to yours.

On the other hand, you can look for a mentor who is in a similar industry to gain as much information as you can from them and learn from their business expertise.

Focus on innovation 

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As you respond to the needs of the customer, the feedback will give you an idea of whether you should improve or develop new products. On the other hand, you can also try out a new onboarding experience for your clients or new technologies - such as live chats to enhance the customer experience. Innovation will keep you ahead of the competition and customers will feel enticed to try out your products.

In other words, you will need a proper space to discuss actively with the rest of your team on the feedback given and come up with new ideas. One such example will be our property, 10 Raeburn Park, which is currently offering our office for rent near Outram Park MRT Station. As of now, we have 10 units available - fitted with a glass door and lighting facilities. Tenants can also enjoy various in-house facilities such as an eatery, gym, childcare, shower facilities and vending machines. All our spaces also come with round-the-clock camera surveillance and accessibility, so your unit is safe and secure at all times. Within the same premises, our subsidiary Greenhub also offers office spaces which come with conference and meeting rooms that provide a conducive environment that boosts employee productivity. In that way, your team can sit down together and brainstorm much easier for new innovations.

If you wish to find out more about LHN properties info, feel free to contact us at +65 6578 9966 or WhatsApp us at (65) 8345 9966. Alternatively, you can email us at space.enquiry@lhngroup.com.sg.