Two Proven Ways To Grow Your Business Before The End Of The Year
It’s hard to believe we’re almost at the end of 2023!
However, it’s vital that you make the most of these last few months by implementing changes that will help you end the year on a high note. Here are just two ideas to get you started!
Photo by Microsoft Edge on Unsplash.
1. Make sure you are using technology to your advantage.
Did you know that less than half of businesses use technology effectively in their daily operations?
A recent study from Oasis found that just 42% of business owners use technology effectively despite the many well-reported benefits of doing so. While this may sound surprising, there are a few potential reasons behind this. For example, you may prefer to take a hands-on approach to running a business, as you’re distrustful of technology as a whole. Alternatively, you may be worried about the costs of buying new tools and equipment.
However, the fact of the matter is that using technology effectively is one of the easiest ways to facilitate business growth, especially if your team is currently working beyond its capacity. For example, if you have anyone other than a trained accountant trying to make sense of your finances, it’s likely that this work is both challenging and time-consuming for them. It’s also detracting them from their ability to do their actual job! If your business is struggling for funds, services such as Grants Assist Australia reviews can help you access business grants.
This can be remedied by investing in the right technology and software, such as Exchequer Accounting Software. After all, you can use this software to keep a closer eye on your finances, freeing up a lot of time in your schedule and reducing the chances of you making any costly accounting mistakes.
2. Check in on your employees.
Q4 is the perfect time to check in with your employees and ensure that their needs are met in the workplace. After all, if you fail to address their concerns or dissatisfaction, it could mean that they kickstart 2024 by handing in their notice or seeking employment elsewhere. Conversely, if you work with them now to make changes that will benefit them moving forward, they’re more likely to stick around.
For example, they may be dissatisfied at work due to a lack of progression opportunities. This can be remedied by revamping your training programs, curating a mentoring scheme, or enrolling them in external courses. Not only does this address their concerns, but it also means they’ll become better at their jobs as a result – making it a mutually beneficial endeavor.
Check-ins, whether they are virtual, in-person, or over the phone, also lead to a marked increase in employee satisfaction. This is because employees feel as though they are valued in the workplace, which means they will work harder as a result!
However, a quick check-in alone is often not enough in the long term. You have to be willing to act when faced with complaints, even if you do not necessarily agree. Otherwise, it will feel as though your actions are hollow, as opposed to coming from a place of genuine care and concern for your team.
Grow Your Business
By harnessing the power of technology and motivating your team, you could grow your business before the year ends.
Subscribe below for more, leave a comment, or like and share!