Did you know that 96% of businesses fail in the first 10 years? The idea that everything will “work itself out” in business is a notion for failure. The only way to ensure longevity and success is to have business control to keep your operation running smoothly and effectively.
How do you do it? Don’t worry; we have got you covered! We will share with you the top 5 ways to keep your business running the right way, so you can get the success you crave.
Let’s get started!
- Updated Technology
Being tech-savvy isn’t just a cool term to throw around…It is essential in this day and age. According to Microsoft, 90% of customers consider taking their business elsewhere if a company was utilizing outdated technology.
This doesn’t come as a surprise, though, with business control concerns like data-breaches. Your customers want to know that they are doing business with a company using modern practices that protect and benefit their experience with the business.
- Clean and Green
Going green is a modern practice taking hold since the mid-nineties, but now, it is finally becoming a fundamental part of effective business control. Going clean is a newer concept that has exploded with the 2020 COVID pandemic; however, the idea seems to be sticking around in many workplaces.
Using materials such as antimicrobial paper or just going paperless are both effective ways to go green and clean in the office. Studies show that customers are 92% more likely to trust a company that supports social and environmental issues.
- Training Programs
Training programs can be used for boosting productivity and increasing morale in the company. Keeping the team up-to-date with all of the latest training will help you to keep control of your business, starting with the people who are running it every day.
Keep in mind that your business is unique, and there is no one-size-fits-all training model for every business. Identify what your company’s strengths and weaknesses are and build a training program based on your findings.
For example, your staff might benefit from learning courses on modern computer programs, or in another instance, they could benefit from team-building training. Either way, training programs can achieve desirable results and help you with business control.
- Networking and Social Media
In this digital age, your company must have a social media presence. This means you have to identify your client demographic and market to them directly. Networking can help you make connections that benefit your business and help you gain clientele.
Consider working with a social media manager who understands the science behind making connections via social media. With that being said, don’t underestimate the value of face-to-face networking connections. Be sure to work on your small talk, and always have a business card on hand!
- Invest in Your Team
As we said, your team is the backbone of your business, so investing in the right employees is key to keeping control of your business. It is essential that your employees feel valued and that they are continuing to grow and learn while under your leadership.
Training programs, incentive packages, etc., can help you keep happy employees who are willing to work hard and smart for the company. In fact, studies show that happy workers will work harder for the company!
Maintaining Business Control
These simple tactics for business control could be the difference between success and failure. Keep this guide close, and you can be confident that you are on the right track to keep your business thriving!
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