In small business coaching, we know that small business owners have always been able to accomplish a lot with a lot less. Taking responsibility for running a business and its success is no small feat. So we’ve gathered the best tips and suggestions from our business coaches to help business owners looking for ways to improve themselves and their chances of success.
Here are the top 4 business coaching tips to success:
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1. Focus on and Strengthen your Existing Client Base
Always remember that happy customers are loyal customers. Some business owners focus a lot of resources on reaching new customers but forget to focus on the needs of their existing customer base which should be the top priority. Furthermore, for most industries, it is much cheaper to retain an existing client than to acquire a new one.
2. Be Efficient with your Time and Resources
One small entrepreneur does work for 6 people. Part of being a business is wearing different hats to keep every area of your business running smoothly. The most oft-repeated advice from most business coaches is that it’s important to work smarter, not harder.
3. Incorporate Tech Tools into your Business
Another way to take the weight off your shoulders and reduce your workload is to implement new technologies into your business model. If you don’t stay up-to-date on software and other technological advances, you risk being outdone by your competition.
Time Management Software
There are countless calendar apps and software to help you keep track of deadlines, reminders, and tasks. Software like Calendly integrates your calendars into one place and makes meetings easy. It takes the back and forth of setting up appointments with customers and allows them to look at your available time slots to book on their own.
Current Payment Processing Tools
At the end of the day, if it’s difficult for your customers to make a payment in-store or online, they’re likely to take their money elsewhere. An easy payment processing system will allow for smooth transactions, sales tracking, easy returns and an organized invoicing process.
Data Analysis
A data analysis software system essentially reads all the data coming into your business it organizes it in such a way that every entrepreneur can understand it and introduce everything useful to his business plan. Understanding your data can give you insights into how to reach more customers, reduce overhead, increase profits, etc.