You do not need a loan or an investor to grow your business.

FACT

📈Here are 6️⃣ ways to GROW.

Some are evolutionary; some are revolutionary.

🧪It’s not rocket science. Experiment and learn. Growing companies should be running experiments all the time.

🔬Try these 👇

🧑🏼‍💻New processes

Sell the same stuff at higher margins. Give the same service, give the same value. Don’t cut corners. Can you get the same client outcomes by systemising putting more process in place? Cut the fat.

🎖New experiences

Sell more of the same stuff to the same people. Increase retention by creating deeper connections with customers. Maybe, over management of certain customer touch points? Create and reward loyalty.

🔩New features

Sell enhanced stuff to the same people: add improvements and bolt ons. Ask customers about what else they need and create extras to help.

🙋🏻‍♀️New customers

Sell more of the same stuff to new people. You may be in a niche. Who has similar needs and problems? Are there other niches you could experiment in?

💡New offerings

Develop a totally new service and / or partner up with another business. Develop a new product not just enhancements. Find new problems to solve within your existing market.

💵 New models

Sell stuff in a new way. How do your customers pay. Could a subscription work, maybe a payment plan? Can you bundle products or services?

👀 Look to see what other companies are doing in different sectors. How do they do it? Take inspiration. Success leaves clues.

💪Also, apply a very simple Effort V Impact analysis on each experiment.

➡️Go first with the ones which look like minimum effort and maximum impact.