Uncategorized

Slow Growth Is Nothing To Be Ashamed Of

Business GrowthMost business leaders have an “immediately” attitude, which is why they tend to rush things. The truth is that such attitude will not help you.

In the business world, we all want things to be fast but the problem is that going fast doesn’t usually co-relate with great as well as inexpensive. This means that if you want things to happen instantaneously you should be prepared to spend a lot of money or you should be prepared to make do with something below average. You are just a startup, which means that you probably don’t have a lot of money. Plus, for credibility and for the growth of your client base you can’t sell anything average. Whatever comes out of your business should be top-notch. Therefore, it is important to take things slow.

However there are many people who are failing to grasp this concept because they still believe that things have to be fast. They say that if you are not going fast, you are giving your competitors the edge. Wrong. Going fast and trying to do numerous things at once will not help you get the edge because, as aforementioned, you will knowingly or inadvertently compromise on the quality of your work. While slow growth is highly acceptable, low quality yield is never acceptable. In your bid to actually build credibility quickly you will lose credibility before you even start establishing your presence.

There is one main reason why we are very hasty today and can barely contain ourselves. It is that we have extremely easy access to information. In other words, we can find all data, all information, and everything else that we want within a matter of seconds. We are so used to fast technology that we refuse to wait. However, would it be ideal to come up with strategic plans based on the results you see on day one of your product launch? Obviously, not. You have to wait at least a few days before you can come up with complete data and make an informed decision. The results on the first day may greatly differ from the results on the following few days. If you neglect that in your bid to get things done fast you will be at a loss.

This is just one example of how hastening things up won’t work for you. If you think of your business planning you will see many such examples and you will then realize that speed is not what you should be after. Ask yourself if you want quality or whether you want speed. If you want both, ask yourself if you have the money for it.

Entrepreneurial Learning

If your business is experiencing slow growth, it is probably a good thing because you are not compromising on quality just to get things done fast. Therefore, you don’t have to worry about things not picking up quickly. Concentrate on quality and take it slow so that you grow at a steady pace and do not spend too much money.

Image courtesy of [Stuart Miles] / FreeDigitalPhotos.net

Leave a Comment

Your email address will not be published.

You may also like

Growing a Business

Want Great Guidance ? Find yourself a Super Mentor

post-image

They are the gods of small businesses, those inspired individuals who have achieved the highest levels of success. They can be the shining beacons who light up the path of running your business with their vision, wisdom and wealth of resources and contacts. They are The Mentors.

If you are fired with the passion to take your business to great heights, the best thing to do is find yourself a super mentor. Here are some tips to help in your quest

Pinpoint your Need

Sit down and focus your thoughts on your business growth strategy. Which area of the business needs a lift. Is is staffing, is it the finances, is it the production, is it the your lack of customers or is it the business as a whole that needs a makeover. Once you’ve zoomed in on the sore spot, this is where you need…

Read More
Growing a Business

Dreaming Big? You can Move Mountains with these Business Productivty Tips

post-image

You may be full of admiration for some people who seem to manage themselves and their work so usefully and efficiently. They seem to fit in so much productive work into the same number of hours which everyone has.. Let’s look what makes them tick and take a few tips.

Learn to identify your most productive hours

Its true, most productive people know which time of the day they can be most creative and efficient. They identify and allot these hours for the best part of their work. This way they are able to give their 100% awareness to the job and business productivity.

Early to rise- A winning habit

Waking up early is a personal habit that has all the plusses on its side. You need not necessarily go to work that early. It’s a habit that gives you more time for personal care, like mediation, exercise, walking,…

Read More
Growing a Business

Leadership Qualities that can make you an Icon

post-image

You may have reached the leadership position through sheer dedication to performance and a do or die attitude . Now that you are at the top, your viewpoint needs to change. You have to now be a role model, one whom others will look up to and follow. Here are some tips that can shape your leadership and management skills

Be Competent: Employees will look up to a leader who has good industry knowledge and management skills. If you do not possess these skills you should surround yourself with knowledgeable people who can offer good counsel. Competence is a trait all employees will admire.

Be Trustworthy: No one will look up to a person they cannot trust. Your employees will want to rely on you and count on you. In difficult situations, leaders are expected to apprise their employees of the situations and find solutions on how to address…

Read More
Raising Money

Are You offering Your Services Using the Right Pricing Strategies?

post-image

In these times of fierce competition, business people , mostly those that offer services and belong to the service based industry, are finding it a challenge to implement the right pricing strategies. It is virtually a struggle to set the right business price that will retain and attract the customers, and not drive them away. Follow these tips, the crucial dos and don’t s and you may be in a much better position to offer your services at the best price.

Maintain your Business identity and Dignity

If you are offering a unique or special product or service, don’t underrate it just because you want to build a better relationship with the customer. This will just cheapen your offering as another run of the mill. If its something special you are offering the customer, then communicate this fact to the client and get the equation right with the most…

Read More
Raising Money

What is a Fair Wage? How Do you Assess Fair Wage?

post-image

How do you figure out a fair wage?

This is a very common question for startups and small businesses. They can’t seem to decide or understand how to set wages and manage reputations at a time. They are determined to pay well but they also have to think about encouraging their employees to stay with them for a long time. This is why there is a need to think strategically.

Listed below are a few expert tips to help you decide:

Don’t Focus Only on Money

Money should never be the main focus for you or for your employees. You should decide on the wages in such a way that your employees are tied to your business. When your business does well they should be able to taste that success and vice versa.

Also, think about additional perks such as exclusive benefits and time off. Many employees value this more than the overall…

Read More
Raising Money

Tips to Winning Hard Negotiations With Ease

post-image

While some negotiations are easy, others are quite hard to win. If you stumble you will lose.

Whether it is a potential client or an investor, negotiations can be very tough and frustrating. The problem is that the moment you let your frustration overwhelm you, you will lose the deal and you will give in to whatever is being offered to you. In order to avoid that, here are tips to overcome tough times and to win even the hard negotiations:

Research!

Know your opponent as well as possible. This is the rule no matter what you do. You should understand your opponent to the T. Who the person is, what his culture is, what he thinks, what he stands for, how is his network, etc. are the questions you should ask yourself and answer through research before meeting up for the negotiation. Understanding the opponent will give you a great advantage.

Walking…

Read More