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How to Grow Your Revenue (Part 2)

10 Strategies To Help To Grow Your Revenue In the previous article where we used the example of a restaurant and we mentioned that there are only 4 methods to grow your revenue: Increasing the number of customers Increasing average transaction size Increasing the frequency of transactions per customer Raising your prices Below we list 10 strategies to help you to increase your revenue. Reach out to old contacts Getting in touch with prospects where you weren’t successful in closing the deal can help broaden your opportunities. There is an art to getting it right. If the prospect explicitly said

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How to Grow Your Revenue (Part 1)

4 Methods to achieve the growth you want Growing revenue is essential for small businesses that want to expand and make a profit. While cost control also makes an important contribution to profit, revenue growth ensures the long-term viability of the business. To grow revenue, look for opportunities in your existing business relationships as well as identifying new sources of income. Believe it or not if you want your business to bring in more money, there are only 4 ways to Increase Revenue: Increasing the number of customers, increasing average transaction size, increasing the frequency of transactions per customer, and raising your prices

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Time And How To Use It Wisely

In answer to our recent poll: “What Is Your Main Challenge to Continue Growing Your Business?” 52% of small business owners answered they needed more resources, specifically time and knowledge.   So, this week we want to talk about a limited resource we all need more of: time and how to use it wisely. As a small business owner, you probably recognise you need to spread yourself thin across so many activities which although needed, are not necessarily contributing to grow your business. Are you familiar with the 80-20 Rule? The 80-20 rule, also known as the Pareto Principle, asserts that 80%

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Lead Generation Hacks: 5 Strategies That Will Grow Your Leads

A couple of weeks ago, we carried out a poll across different business communities with one very simple question. As small business owner, what is your main challenge to continue growing your business? We provided 3 key options and the alternative to add more if they felt like it. The results are very interesting: 52% of small business owners said they would need more resources (time, expertise) to grow their business, 30% said they need more customers and only 18% said they need more revenue So in this article, we will address how to get “more customers”. In order to

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Why You Should Hire A Business Coach

  Does the name Bill Campbell means anything to you? Well, he is the most famous business coach of all time. He coached Steve Jobs, Sheryl Sandburg, Ben Horowitz, the Google co-founders, and many others in Silicon Valley, and is the subject of the book, Trillion Dollar Coach, released in April 2019. Deciding whether to hire a business coach is a tough call and so it should be. It’s perceived as expensive, and a time commitment for both you and your potential coach. But a successful matchup could have resounding effects on the success of your company, especially if you

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