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October 22, 2021
BELT
Business Editor's Pick Entrepreneurship

5 Secrets To Good Business Growth

Are you ready to take your business to the next level with some good business growth secrets? Then continue to read.

Every year, over 10,000 new businesses form in the Nigeria. Not all businesses can be successful, and there are a few clear differences between those that make it and those that do not.

Here are 5 secrets for business growth. Creating a profitable future for you and your business!

1. Business Growth: Review and Adapt

Did you know, 90% of customers read online reviews before visiting a business? Customer reviews give your business an added authority to it. The more reviews that a business receives the better other customers will feel about the business. Over 80% of people would choose a product or service based on customer reviews.

Your customers are your greatest asset, and as such, they can help you grow to new heights!

2. Who is your Business

A business is only as good as the people working.

People are searching for jobs in which they feel appreciated for their work. They are also looking to find a company that shares their ideals regarding country or global issues. Learn who your employees are. A business that employees and customers alike want to promote will grow and improve with each customer interaction.

3. Let’s Get Social

Social networks are one of the fastest-growing industries in the world. With an estimated 20% growth in the next 5 years, social media is here to stay! You can boost your business with social media.

Businesses not on social media are missing out on a potential 1 billion people. The ability to connect and showcase your business gives customers and employees alike the chance to engage. As stated above, people want to work for a business they agree with.

Social media gives your business the chance to show off a personality, and that personality will help people to identify more with your business, creating brand affinity and loyal customers.

4. Do You Need to Be in the Office

Who needs to be in the office?

Working remotely, or hiring freelance can be a good way to save on money and maximize productivity.

By working through the internet, a business can save money! Almost 2/3 of the worlds’ workforce reports to occasionally working remotely.

The ability to work remotely means that less money needs to be spent on offices for a business. It also means that companies are able to pick the best possible candidate for the position, even if they are nowhere close to the location of the job.

5. Sustainability

Consumers today view environmental issues as a worldwide threat.

The threat of irreversible environmental damage has consumers and employees alike demanding change. The companies that change to meet the needs of the new generation will not only attract new customers but will be more profitable in the end.

Sustainability issues will not be going away, it’s up to companies to make positive steps for the future today!

Grow with Your Customers

Grow with Your Customers

Change, adapt, grow!

With 10,000 new businesses starting each year in Nigeria it can seem difficult to know how to set yourself apart.

What is good for your customer, will be good for you! Knowing your company, customers and needs for the future will separate you and push business growth!

If you follow the steps above you will make sure that your business is future proof and growing with your customers!

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