One of the most common reasons why startup businesses fail is because the business insists on being a one-man (or woman) operation. Maybe you enjoy the idea of being a sole proprietor or corporation head. However, you still need to get more people involved in your project. This may include hiring working staff, bringing on a business partner or even seeking out associates for cross promotional activities.
No man is an island and the more you try to succeed on your own, the higher you make that mountain. On the contrary, if you work at developing contacts, networking with fellow businesspersons and potential customers, the more of a community project your business will become. What are some ideas you could try in expanding your business?
If you have an event-style business that brings large groups of people together, then think about food, drinks and refreshments. If you can??™t provide this service, can another company help out for a portion of the profits? If your company has a scholastic edge, then why not partner with another institution in town, such as a library or a school on some intellectually rewarding project?
Online companies can likewise work with other companies for mutual benefit. Obviously, you??™re not attempting to work with your competitors, nor any large established corporation that doesn??™t need you. However, chances are there are many companies that could work with you for a joint effort at capturing more publicity. Consider this a way of securing the non-competing companies in your market, so that they are helping you to make money rather than taking it away.
Not only do you have the option of hiring workers and doing cross-promotional activities; outsourcing jobs can also be another way to add more people into the equation. You can look for a consultant to advise you on your company??™s future. You can outsource your voice mail to a live operator who will give customers that friendly touch.
Think of networking and delegating projects as a means of feeding your business, ultimately making it grow, slowly but surely.
Srini Saripalli
P.S: About 2 days ago I released a video titled “The Power Of Leverage In Your Internet Business”. If you are conducting business online then this is something that you must see.