13 Tips how to grow business investment as a startup business? [Video]

1. Hire the right people.
Hire the right people

Before you can even think about your company’s growth trajectory, you need to have a solid staff to help you achieve your goals.

2. Focus on established revenue sources.

You can do this by implementing a referral or customer loyalty program or trying out marketing strategies based on previous purchasing behaviors to encourage repeat business, he said.

Focusing on your established market is especially important if you’re trying to get funding.

3. Reduce your risks.

Risk is an inevitable part of starting and growing a business. It’s impossible to control everything, but there are many ways to limit internal and external threats to your company and its growth. One important resource to help you accomplish this is your business insurance provider.

4. Be adaptable.

One trait that many successful startups have in common is the ability to switch directions quickly in response to changes in the market.Agile approach to development, both in your product and your company, will help you grow more quickly.

5. Focus on the customer experience.

Customers’ perceptions can make or break your business. Deliver quality experiences and products, and they’ll quickly sing your praises on social media; mess it up, and they’ll tell the world even faster. Fast growth depends on making your current and potential customers happy.

6. Invest in yourself.

In the early stages of your business, you’ll likely see a very lean profit margin (or no profit at all), so any money you make should go directly to helping your business grow.

7. Always think ahead.

While agility is an important quality for a startup, you can’t fly by the seat of your pants when you’re running a business. Planning your next step — in anticipation of all possible scenarios — is the best way to stay grounded and secure as your business evolves.

8. Boost your customer service.

Another great method of growing your business is to focus on providing superior customer service. When you exceed customers’ expectations, they are likely to tell their friends, family and followers about your business.

9. Focus on social media.

Another method to grow your business is to create profiles on all of the major social media platforms, including Instagram, Facebook and Twitter. An active profile helps you market your business and interact with far more potential customers.

10. Attend networking events.

Networking events allow you to connect with people in your industry, many of whom have unique perspectives and insights that can help you grow your business. The connections and relationships that come from attending networking events can be beneficial for years to come.

11. Practice corporate social responsibility.

Consumers want to buy from businesses that are passionate about causes that help make the world a better place. Whether you donate to cancer research or support a nonprofit such as a homeless shelter, look for ways to contribute meaningfully to the causes you support, and share that with your customers.

12. Host local events.

Although attending events is a great way to grow your network, hosting your own events within your community is even more beneficial, whether it’s running a fundraiser, offering exclusive deals on a holiday, or sponsoring a local sports team. Creating a unique experience for your customers will foster more personal relationships with them.

13. Research your competitors.

Although it might not elicit immediate growth, researching your competitors is one of the most important first steps in launching your business. Ask yourself who your competitors are, what they’re doing (that you’re not doing) that works for them, and how you can differentiate your business from theirs. The answers to these questions will help you form a more productive business strategy that defines the areas of your business that require more attention.