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Stuck on how to grow your business? Our 10 top tips for growing a business will help you to plan potential business growth srategies. Our business growth survey asked amongst other things about the biggest drivers of growth for SMEs.

We gathered these top tips on growing a business from more than 1,000 business owners who responded to our survey.

Here are our top 10 tips on how to grow your business:

1. Instil a passion for strong customer service. High standards of customer service are the bedrock for growth. Existing clients will come to rely on you if you’re flexible, always available and great to work with. Quality people who buy in to your vision and share your passion for customer service are key.

2. Get competitive on pricing and delivery. Greater cost efficiencies could let you offer the same quality at a better price. Fast turnaround times can be just as critical. In some sectors, that means maintaining stock availability for next day delivery.

3. Answer customers’ ever-changing needs. The market is constantly evolving; make sure you change with it. If a customer is looking for someone to provide a new service, consider offering it yourself. Selling more and better services to existing customers is an easy win in the current climate.

4. Invest in product development to diversify. Regularly launching new or improved products can generate consistent business growth. Research what it is your customers want and get inspiration from your most profitable lines. If you’re looking to export, design new products that will take emerging markets by storm.

5. Maintain a glowing reputation. Deliver what you say you will, when you say you will. If your customers trust you and know you’re reliable, you’ll always be in demand. Word of mouth might even bring you new customers keen to try you out.

6. Source new and different customers. You should always be on the lookout for new business relationships. Picture your ideal customer, then tap into existing contacts and make carefully targeted approaches to key prospects. Network, network and network some more. If necessary, recruit dedicated sales staff.

 7. Do more marketing. Communicate with your customers and prospects. Generate interest using Twitter, Facebook, LinkedIn and the like. Tell the world what you do and how you do it differently. Then follow it up with regular client contact closer to home.

8. Expand into new markets. Your usual market not showing you enough love? Others may be more appreciative of your skills and expertise. Take your offer to complementary markets within the UK or test out overseas markets with targeted products. Expanding abroad can be a great way to make your business grow.

9. Reinvent your business. Adaptation is often the secret to survival and success. Get out and make discoveries. And grab every sound opportunity that comes your way, more opportunities equals more scope for your business growth.

10. Keep putting in the hours. Never underestimate the power of your desire to stay in business and achieve business growth.

At Haines Watts we can help you to understand how to grow your business and which business growth strategies are right for you and your business. We can achieve this by providing one to one consultations with one of our expert business growth advisors.

For more information on how we can help your business growth contact us.

What are your tips for accelerating business growth? Join the conversation below or on Twitter @haineswatts

To find out more about the results of our recent growth survey sign up to receive our business magazine ‘One’

Find and contact your local Haines Watts office

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