Refresh your business with some wisdom from the experts
SANDTON – Let your business flourish this 20-plenty with advice and tips from industry leaders.
Small business owners can get excited. With 2020 being the year of sharpness and clarity they can ensure that their business truly encompasses the 2020 slogan of 20-plenty.
Resolutions and ideas all over the place, Cloud accounting software provider Intuit QuickBooks gives us some advice. Emerging markets head Jolawn Victor shares his wisdom.
Re-energise and refresh your business with these 5 tips:
1. Assess your business’s progress and failures, and rework your business plan if needs be
“Remain agile. In our experience with small businesses in South Africa and other markets, in order to remain competitive, small businesses need to be agile and serve the needs of the market. Contexts can change within countries and even regions, so do a thorough review.”
2. Automate processes to free up valuable time
“One of the biggest complaints and limiting factors for small and medium businesses around the world is a shortage of time. Often, business owners or senior staff spend too much time performing repetitive tasks such as invoicing and chasing up payments, meaning they have too little time to focus on growing the business.”
3. Upskill your team
“Besides giving staff a sense of importance by broadening their skill set, training in relevant areas, such as fully unleashing the power of accounting software packages, will benefit your business long-term.”
4. Speak to your customers – and listen
Conducting customer reviews is vital. Listening to the responses, and improving your processes instead of being defensive, will go a long way towards retaining your current client base, and provides a solid foundation from which to attract new customers.
5. Invest in networks
Running a business can be a lonely affair. Trying to find opportunities to take advantage of in a very tight economic environment can be even more lonely.
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