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4 Ways that Small Businesses Can Grow: Don’t Exclude Outsourcing

Only a handful of small business owners are thinking outside the box and aiming at becoming the next eBay, Amazon or other notable names. For the business owners who are not thinking outside the box, they are content with being local champions. The good news is, you can actually grow your business far bigger than you think –outsourcing is part of the big picture.

Your business is small now does not mean it will remain small. Thinking big is one of the ways to come out of the box to reach out to proven techniques for growing small businesses.

Secret #1: Don’t do it all by Yourself

While your small business started with an independent mind and the quest to achieve things on your own, you should not dwell on that level. You need to reach out for partnership in different forms, including outsourcing partnership that offers massive cost saving alongside other benefits.

Another great way not to do it all by yourself is to go into partnership with a business that is focused on specific task, so that you can concentrate on what you have the best skill for.

Secret #2: Stay Innovative

One of the fastest ways to grow a business in addition to outsourcing is to stay innovative. And, a great way (among other ways) to innovate your business is to become a problem solver.

Locate the seemingly hard problems in your niche that others are running away from and look for innovative ways to provide solution. There’s always a lot of money and huge profit when you provide solution to a problem that others see as impossible.

However, when you innovate and solve problems, keep your target audience in view and avoid veering off your original demographics. You should find a way to innovate within an existing product or service that your target audience already knows you with, so that you don’t lose them.

Secret #3: Consciously Plan for Growth

Make expansion an important part of the big picture. As an entrepreneur, you should be anticipating expansion and plan towards it. This may mean making room to take more workers, purchase additional equipment’s. So, when you plan for growth, it won’t take you by surprise and you will be able to handle it.

Secret #4: Take Cue from Prosperous Competitors

If you are an island of your own, you will end up restricting your own growth. Look at the prosperous entrepreneurs in your niche and take a cue from them. You don’t have to go all out asking them what they are doing to get great result. You can go behind the scene to research and find out some essential elements to their success.

Finally, it’s important to add that outsourcing is a great way to cut cost and grow profit.

Daven Michaels is a New York Times Best Selling Author and CEO of premiere global outsourcing company, 123Employee. The company employs hundreds of young bright individuals on three continents. His International event, Beyond Marketing Live! inspires entrepreneurs build & grow their business with revolutionary new theories and systems allowing them to design the business and personal lifestyle of their dreams.

2 Responses to “4 Ways that Small Businesses Can Grow: Don’t Exclude Outsourcing”

  1. Helen Roe says:

    Great Daven Michaels ,Perfectly written!

  2. Hello, I enjoy reading through your post. I like to write a little comment to support you.

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