BIO Chin a 201 3 - Be ijing Meet Chinese p harma com panies this Nov 11-13 at BI O's China conferencewww.bio.org/biochina Start a 10+2 CBSE School She mford School Franchise Avail able India's Fas test Growing 10+2 chainShemFord.com/Start-School GBS - Com pan y Reg is try HK & Offshore c ompa ny regis try Join us, Virtual Off ice 30% offwww.goodwillbs.com Loginor signup ABOUT| NEWSLET TERS| EVENTS| ADVER TISE | SUBSCRIBE STARTUP GROW LEAD INNOVATE PEOPLE MONEY 870 SHARES | SHARE THIS ARTICL E STRATEGY 7 Tips to S uccessfu lly Grow Your Business BY MICHAEL A. OLGUIN Regardless of the industry you are in, you can be high ly successful if you live by these very simple ideol ogies. Like many business owners, I wasn't born to be an entrepreneur, I never planned onrunnin g a business, and I most assuredly had no experience in successfully growing one. However, over the course of my nearly 21 years of business ownership, I have learned a few things that have helped keep the bumps and bruises to a minimum while maintaining double-digit growth year over year. Regardless of the industry you are in, you can be highly successful if you live by these very simple ideologies: 1. Know what you d o and what you don t do. Some of the best advice I learned early on was don't try to be all things to all people, because it typically means you are not very good at any one thing. As such, I believe that it is a mistake to take on far-reaching service offerings, develop products o utside your comfort zone or expand outside of your target markets just to make a few extra bucks. When youd o that, you jeopardize your true strength to focus on what you may not be successful at and create undo pressures for your team, your budgets, and your company as a whole. 2. Stay focused on the prize . We have always tried to be very strategic in our approach to growth. We set three year business plans, track against those plans, and modify them when necessary. I believe that ifyou don't set goals you have no way of measuring yourself, your team and your company against some pre-determined objectives. When everyone understands in a very crystal clear way what the overall goals of the organization are, it allows everyone to rally together and take pride in successfully accomplishing them. 3. Remember that peo ple work for people, not companies. VIDEO | ASK GERBER Before You Launch Your Business Idea BY SCOTTGERBER STRATEGY Meet the Small Business Person of the Year BY BILL MURPH Y JR. Advertisement P a ge 1 o f 5 7 Tips to Successfully Grow Your Business | Inc.com 9/13/2013 http:// www.i nc .com /mi cha e l -ol guin/7-ti ps -to-su cce s s f ull y-grow- your-bus ine s s.html
This document is posted to help you gain knowledge. Please leave a comment to let me know what you think about it! Share it to your friends and learn new things together.
Transcript
7/27/2019 7 Tips to Successfully Grow Your Business
IMAGE: SHUTTERSTOCK IMAGES LAST UPDATED: DEC 10, 2012
MICHAEL A. OLGUIN is the president of Formula PR, a national public relationsboutique with offices in New York, Los Angeles and San Diego. With over 25 years ofexperience, he has represented such high-profile brands as Newcastle, Kashi, and ESPN.@FormulaPR
350Like 247
STRATEGY
6 Tips for Getting GovernmentContracts BY BILL MURPHY JR.
LEAD
11 Leadership Lessons From JazzMusicians BY JOSH LINKNER
STARTUP
12 Mistakes Start-Ups Make theFirst Year BY ALYSON SHONTELL
READMORE
Advertisement
Page2 of 57 Tips to Successfully Grow Your Business | Inc.com