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Whether you are a new business owner or have been in the game for some time now it’s still important to enable and support growth without being hindered. Scaling your business requires the right systems, planning, certain technology, and more! In 2024, navigating the path to business growth demands a strategic approach that goes beyond mere expansion. Understanding business scaling strategies is pivotal for entrepreneurs aiming to sustainably increase their market presence and operational efficiency. This guide explores essential tactics and investments that propel businesses forward in the competitive landscape of today.
Five Business Scaling Strategies in 2024
Read below to learn 5 ways to invest in your business to scale.
Systems and Automation
Systems and automation are a great way to invest in your business to scale. You should automate your business so you can get back your time. The best way to do this is to start with free services. In today’s digital age there is probably some online service for every and anything you need as a business owner, and a lot of the time they are either free or have free trials. Get familiar with these services.
Calendly – for scheduling/booking – Free
Trello – for project management – Free
Quickbooks – invoices, payments – $12 per month
Once you are ready to make purchases, you can move and level up. Having an online booking platform and payment solution will allow you to spend less time trying to gather payments and book appointments. You can use the time that you’d use for chasing to instead make sure your customers are receiving the best service possible. It will save you time, as well as reduce cancellations. On the flip side, it will also be more convenient for your customers.
Another good strategy is to buy more efficient equipment that is stronger, better, and faster. It is worth the investment. For example, if you work on a laptop, it would make sense to buy a solid dependable laptop with the maximum amount of storage.
Marketing and Branding
As a marketing specialist, I am here to tell you that your brand is EVERYTHING. How you market and brand your product can make or break your business. It’s important to learn how to market your product and service to try and reach your target audience.
To do this you should polish your look. Make sure your social media platforms all have a similar theme and are clean and precise about what your business is. It is also important to make sure your website has a clean look, where everything is easily accessible.
If you get the brand and look down pact and still need more customers, you should look to invest in a marketing strategy such as Google Ads, SEO, social media targeting, content marketing, and email campaigns. These are great ways to get your profiles and websites seen online. You don’t need a marketing degree, there are plenty of platforms that can get you started but research also goes a long way.
Hire a Team & Delegate your Work
The term teamwork makes the dream work has never been more valid. It’s important to hire a team to help you delegate and run your business smoothly. You don’t have to hire someone full-time and have a bunch of employees. You can start small like hiring someone part-time or as a freelance worker.
There are sites like Fiverr and Upwork for freelancers that can help you in your specific industry. It’s great to hire assistants or people to do some of the small work that you may not have time for or feel the need to do so you can focus on other parts of your business.
If there is work that you don’t enjoy feel free to also find other people to help. When you first start running a small business, you usually do everything but as you grow your business you will need more hands-on decks, especially in areas that may not be your strength.
Maybe you are great in person and have a strong presence in your community but still don’t understand the ins and outs of social media. Hiring a social media manager would be your best move and could be the move that helps to bring you more customers.
Education
The most successful business owners allot at least 2 hours a week to educate themselves on some aspect of their business. Whether it’s learning more about audiences’ pain points, learning marketing strategies mentioned above like SEO and Google Ad, or general information. You should always be learning something new as it relates to your business.
The best way to do this is to use platforms like Youtube, Coursera, and Google bizz for free education. You can also feel free to invest in classes online as well. As an owner, you should never stop learning and educating yourself. The business world adapts, so there are always new things you can learn. Your professional development is important so feel free to invest in training as well as seminars to really grow.
Go to a coach
Coaching is not just for sports. Having a business coach or mentor can really help take you to the next level. If there is something you need further expertise on you should consider going to a a coach for advice. Having a coach not only holds you accountable but you can also get a game plan from them and learn from their experiences.
It’s a great way to also learn new things, like mentioned above.
Use these 5 ways to invest in your business to scale. Share and pin this post with others that will find it helpful! Ruth Sherrill Marketing Services is a marketing agency that specializes in helping business owners create profit and nurture an audience through shareable and informative content. Keep up with us on our socials by following us on Instagram, Pinterest, and TikTok!
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