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How do I grow my Business

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Seek to identify the issue at hand that a lot of people are having and the unique solution you can provide. You are best able to scale when you identify why would someone be interested in visiting your location or working with you? Additionally, it's important to have the right structures in place for scaling. Explore what business foundation you may need to accomplish your goals or tasks as you scale. Is it an online restaurant cashier system? Is it a delivery process? Knowing those things helps your work flow more smoothly.

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Develop a marketing plan for your business.

1. Do you have a product or service niche in mind? 2. Do you believe you have a market for 1 above and the means to reach it? 3. Are you willing to develop a business plan using the free tool kit linked below to validate 1 and 2 above before you launch?

If the answer to the above questions is yes than take the actions indicated, observe the results, then make an informed decision on whether or not to proceed.

FREE TOOL KIT

https://www.sba.gov/business-guide/plan-your-business/write-your-business-plan

https://www.bplans.com/sample-business-plans/

Design your business vehicle and the road map you intend to follow on your journey.

When you have completed the above definition and planning process you will then be in a position to astutely select the tools you wish to use along the way and apply them successfully.

You will be able to network your vehicle, pick up riders as industry partners, and attract revenue fuel in the form of customers by marketing and social networking based on the thorough definition and content of your business plan.

For further guidance on this type of planning, please see the answers to the following question here at the Micro Mentor Q&A Feature: https://www.micromentor.org/question/487

Report Kenneth's answer

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Are your customers online or offline? Are they internet savvy - social media, google users? Do you rely only on walk-in customers or do you do deliveries as well? You should do both of course. Do you have any specials? Are you known for any particular dish(es)? What are your prices like compared to other restaurants and establishments in the area?

Report ifeanyi's answer

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Business is about meeting a problem by helping to solve it. Do a feasibility study to see if it makes sense to start your business (a through market research should take a big chunk of it). Have some incubation period for your business to let you have some insight into what is likely to happen in future.

Once you're set up for the business, remember that you cannot go far alone unless you find someone to join hands with. You might elect to have a partnership or you can take the risk of running a business as a sole proprietor. Be sure the product you're selling or the service you're providing has the potential of finding a customer willing and able to buy it.

You must at all times think about your potential customers, in terms of quality and/or prices of what you're selling to them in comparison to your competitor's offer and, if your profit margin is enough to sustain you in business.

Finally, and most importantly, get yourself a mentor to walk you through the journey of getting to where you want to go.

Report George's answer

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