One of the most common questions we receive from clients is how to take their business to the next stage. The steps to achieving business growth can involve any number of actions, including hiring staff, scaling production or acquiring a larger premises.

But, achieving sustainable growth is not always straight forward. If you’re a business owner looking to grow your startup, here are 3 things you need to be doing now:

1. Do market research 

Understanding customer views and opinions and keeping on top of competitor activities should be part of your regular routine. This will help you stay relevant, develop strong customer relations and identify opportunities to differentiate yourself in the market.

The more you know about what customers like and what your competitors are up to, the better placed you will be to make informed, confident business decisions.

2. Never allow your finances to get out of control

Put in place the right processes and systems for accurate financial recording. This will leave you more time to concentrate on growing your business. Make sure you have a qualified accountant and a suitable online accounting platform that can be accessed easily (i.e. via mobile) so there are fewer barriers to you staying on top of it all. Track your cashflow and plan ahead to avoid running out of money, or identify times where a quick cash injection in the form of an unsecured flexible loan may benefit.

3. Ensure your digital presence is fit for purpose

For most businesses, the contact customers will have with you will be through your website. Consider the customer experience and take steps to improve it where necessary. Small changes to functionality, phrasing and SEO can have an extremely positive impact on growing your customer-base. Read Is Your Website Stuck in The Past if you need help in this space.

At Boss Finance, our mission is to help you better navigate the hurdles and stay on course. We’ve helped thousands of Australians regain financial control and grow their business. Our specialties include:

• Cashflow Management Advice
• Small Business Loans (from $5,000 to $250,000)
• Residential & Commercial Loans
• Personal Loans & Asset Finance
• Investment Property Discovery

Find out more about what we do and how your business can benefit from our tools, tips and offers!