New Ideas for Small Business

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After the rush of a small-business launch and the initial influx of curious customers, many small businesses reach a plateau. The proprietors are busy working hard to sustain the business doing what they've always done because it's worked so far, but this approach often means the business acquires and retains a certain customer base and sales volume and then "hits a wall".

Any business, but particularly a small business, must constantly adapt to changing market conditions, new business tools, and new sales opportunities to continue to grow and prosper. The small business owner must have one eye on routine operational tasks and one eye scanning the horizon for new opportunities. In this article we will discuss 10 breakout ideas for small businesses looking for growth opportunities. (Don't have your own business yet? Check out Start Your Own Small Business.)

Idea No. 1 - Add Complementary Products and Services
A great way to increase sales and bring new customers to your sales base is adding new complementary products and services. But how do you decide what to add without turning your business into a third-rate Wal-Mart? A great place to start is by reviewing the definition of your business. For example, if you sell house siding, ask yourself, are you in the siding business or the exterior building materials business? The result may be that you redefine your business and add gutters and downspouts, roofing and other coverings to your product line.

Another surprisingly simple way to build a list of new products or services is to ask your customers what else they might buy from you if your business sold it. A few friendly conversations with customers and staff will likely get you more information than thousands of dollars spent on professional customer surveys. Be sure to ask how much they would want to buy and how often to get a sense of whether the demand would be great enough to warrant the additional costs of building up this area of your business. (To learn how to build your network, read Small Business: It's All About Relationships.)


2008-03-07 09:51:29 by spenrosi

Small gift for new business...any ideas?

My friends are opening a new Chiropractic office and I wanted to get them something for luck. I'm not working right now, so I'm really looking to stay around $20. I need it for today so I can't order online.
I was thinking a small money tree (pachira) but I think they're over budget and I'm sure someone will bring them bamboo...

2009-02-23 09:44:13 by CalHolland

New Busines Ideas!

I have a small business that made good income for the last four years. Looking to find other in same spot. Reply with any and all comments. I need a new business idea, product to sell, start up, with low to no investment. I know how to work hard and make money! I am willing to sell products or work ideas. Only looking for real people and real ideas or products. Thanks Cal

2012-03-09 08:13:25 by Bookkeeping007

New Small Business Accounting

I started a new business in the FW area and am having trouble finding clients.
I provide bookkeeping services to smaller businesses from something as simple as monthly reconciliations, payroll, taxes, etc to doing forensic accounting and clean ups. I have tried letting people know I am a QuickBooks certified Pro Adviser and that I am insured but am still having a hard time.
I do have the skills behind me and impeccable references working for such companies as Military Non-Profits. I have a few clients but this was much easier before when I lived in Austin.
Any ideas?

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