Top Tips From Successful Entrepreneurs To Grow Your Business
The world is full of inspiring entrepreneurs who made their brand a global success.
For business owners looking to grow their operations and expand their reach, tips from these pioneers can offer insights and the motivation to keep going forwards.
1) Be part of the brand
Did you know that Richard Branson has built eight billion-dollar companies?
The founder of Virgin Group is certainly an entrepreneur that can offer those starting out some words of wisdom.
But back when he was still building his empire, Branson received some advice himself – to be visible – that he’s taken to heart and embedded in his operations.
When you want to grow your business, it involves selling yourself as much as the brand and your offering.
Embracing that and being part of your branding could be a much-needed boost, whether that means showcasing your story and inspiration behind the business or visibly embodying the mission and ethos of your firm.
2. Turn negatives into a learning experience
If you receive negative feedback, whether from customers, investors, or someone else, it is easy to become disheartened.
But turning these into learning experiences and building on them can actually propel your business forward and bolster your strategy.
Co-founder of tech giant Microsoft, Bill Gates has frequently commented on how business failures can create a path towards success.
Amongst his most famous quotes is, “Your most unhappy customers are your greatest source of learning”.
The simple phrase highlights how vital it is for entrepreneurs to take advantage of learning opportunities to keep progressing and delivering products and services that their customer want.
3. Build a creative atmosphere
In order to succeed every business now needs to stand out in a highly competitive market place.
To do that effectively, they need to be different in some way and build a brand differentiator.
Anita Roddick, visionary entrepreneur and founder of The Body Shop, advocates building a creative atmosphere to embed innovation and imaginative thinking throughout an organisation.
Building an inspiring company culture can bring lots of benefits and isn’t difficult to do.
It can be as simple as creating a collaborative working environment that offers employees some degree of freedom to design workspaces that are diverse and artistic too.
4. Customers don’t always know what they want
Market research and understanding your customers is vital, but do they always know exactly what they want? Not according to Henry Ford.
The famed founder of the Ford Motor Company, who pioneered the development of the assembly line and began mass producing cars, certainly makes it onto any list of inspiring entrepreneurs.
Henry is reported to have said, “If I had asked my customers what they wanted they would have said a faster horse.”
Of course, you need to make sure there is a market for your product or service.
However, too much emphasis on what customers say they want may not be a good thing, especially where innovation is concerned.
5. Quality is important
When you’re building your business, it can be tempting to focus on multiple areas and lose some of the quality or service you were delivering before.
But this can have a negative effect on your operations, customers appreciate quality – especially when it is coupled with low prices and convenience.
When expanding your business operations, a commitment to maintaining quality can make all the difference.
As Apple’s co-founder, the iconic Steve Jobs, said, “Quality is more important than quantity. One home run is much better than two doubles.”