7 Things To Consider When Growing Your Business In 2020.

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If you’re thinking of growing your business in 2020 but you don’t know where to begin then don’t worry, you have definitely come to the right place. Whether you’re in your first year of operation or you’ve been running for years, it’s important you’re doing all that you can to grow.

From setting yourself goals to focussing on your marketing strategy, there are lots of things you can do to ensure you succeed. With that in mind, here are 7 things to consider when growing your business in 2020:

What Are Your Goals For The Year?

One of the first things you need to consider when it comes to growing your business is 2020 is your goals for the year. Although you may have a rough idea of where you want to be at the end of December, taking the time to write down each of your goals is a great way to ensure you’re going to commit to reaching them.

Whether you keep them displayed on your office noticeboard or you evaluate where you’re at each month, you need to ensure you’re constantly reminding yourself of what you’re working towards. For a guide to setting yearly goals as a business, you can visit this site here.

Where Did You Struggle To Grow Last Year?

Another important thing to consider is where you struggled last year. Although you may not want to think about it, it’s important to think about the things that didn’t work.

Whether you ran an unsuccessful campaign or invested too much in a particular area of your business, writing it down may help you see what you need to change in the year ahead.

What Went Well In 2019?

On a similar note, you also need to think about what went well. You will probably have a lot of successes to think about but writing down the things that truly worked will give you a good idea of what you can repeat in 2020.

Although you may not need to repeat everything, knowing what kind of strategies work well for you may give you an opportunity to try something new. If something worked really well, you will definitely want to consider continuing it into the new year.

What Steps Do You Need To Take To Reach Your Goals?

Another important thing to consider when it comes to growing your business in 2020 is the steps you need to take to reach your goals. Whilst writing your goals down can be beneficial, knowing exactly how you’re going to reach them is even better.

The best thing to do is write down each of your goals, detailing five smaller steps that will help you reach them. From increasing your spend on social media to working influencers to improve your reach, there are lots of small actions that will help you achieve. For a guide to reaching your goals, you can visit this site here.

Do You Need To Hire Extra Team Members?

If you’re going to be growing your business you need to think about whether or not you’re going to need extra team members to help. Although you may feel as though you can’t afford to bring people into your team, chances are they will more than pay for themselves when they free up your time to work on other projects.

If you are bringing someone into your team, you need to ensure you’re doing all that you can to make them feel welcome. From giving them a full induction to getting them a uniform, the more welcome they feel the better. For work uniform, you might want to consider these embroidered shirts.

Do You Need To Increase Your Overall Spend?

Although you may not want to spend more money, unfortunately, you have to spend money to make money. Whether you’re increasing your marketing budget or you’re focussing on research and development, spending more money is never a bad thing.

What Are Your Top Priorities?

Finally, you need to think about your top priorities as a business. Although you may have lots of goals that you’re working towards, it’s important you know exactly where you’re going to start. As you progress through the year, you can focus on each goal individually.

Are you looking for ways to grow your business in 2020? What can you do to ensure you’re being as successful as you possibly can? Did we miss anything? Let us know your thoughts and ideas in the comments section below.

About the author

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Like Minds is a global thought leadership platform delivering world class events on business development, knowledge and insight aimed at entrepreneurs and business leaders to engage, stimulate and empower them to become global businesses of the future. We also offer a bespoke service for corporate clients and training programmes under the Like Minds U brand. For more information please email bespoke@wearelikeminds.com