The reason why your small business is not making profit [or the kind of profit you desire] can be narrowed down to three factors. Yes! I know and I have been there. This is what you need to know so you can make the necessary change. I have narrowed it down to three important reasons.
3 Reasons Why Your Small Business is Not Making Profit
1. Your focus has been hugely just your locale.
It is quite common for small businesses to focus on their locale and not embrace the power of the Internet for maximum growth. One of our specialties at Social Prefect is to help you identify those solutions you provide in your business that will actually elevate your business and place you on the digital radar.
2. You are not charging the correct fees.
If you do not place a well-deserved value on your skills and the solutions you provide, which type of clients will you attract? I heard this somewhere:
You are who you attract.
And this is true. Who are your ideal clients? Who needs the solutions you provide?
3. You have not fully integrated digital technology and automation.
Some small businesses have thought about it but have not actually done anything about it. It is not enough to just have a website and expect people to show up at your business.
There is so much more you can do to raise awareness about your services and it includes business automation, social media, knowledge monetization, plus more.
Many business owners do not listen to their clients or potential clients. If you don’t know what the need is, how can you fill it?
2016 is upon us and it is a leap year. Scale that wall that has been holding your small business down which has been an obstruction to your growth and elevation. Learn the business strategies to get from A to B.
The reality is that many people do not know how to get to where they ought to be in their businesses and they would actually love someone to point them in the right direction. If this describes you, then you haven’t just stumbled across this post but also met the solution. As part of my targeted coaching practice:
I offer one-on-one and group coaching [virtual and in-house] to small business owners, start-ups, authors, women in business or about to start businesses and non-profit leaders who are interested in maximizing the power of the Internet for success.
Are you ready to take the leap and soar high(er)? There are ways to make the change and reintroduce you and your business for maximum growth. READY? Contact us or call 646-494-2125 so we can help you take the right steps.
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Belinda Enoma is a Data Privacy and Cybersecurity Consultant, Corporate Trainer and Global Speaker with a unique blend of law and technology expertise. She is a digital entrepreneur, author, ordained pastor, global conference host and mentor to women who desire to impact their generation. For bookings, click here
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