Mon 22 Sep 2008
Signs That Your Small Business is Moving in the Right Direction
Very often, small business owners get uncertain after some time because they are not sure whether their business is moving in the right direction or not.
If you are in this position, then these hints will help you to determine the direction of your business.
Getting New Business through References
If an increasing number of your existing clients are referring your name to their family, friends, and acquaintances, then this is a sure sign that your business is moving in the right direction.
Customers only give references when they are happy with your level of service and when they start to trust you.
Your Name Spreads in Your Market
When other companies, supplies and competitors start acknowledging your presence in the market and perceive you as a worthy competitor, then this is another sign that indicates that you are moving ahead in your market.
Your Business Translates into a Healthy Bank Account
When you are doing well in your business, then it often translates into a healthy bank account.
Your bank might also start treating you with greater respect, and may offer you various financial products - such as loans - to expand your company and increase the bank's business with you.
When Your Competitor's Employees Approach You
If your competitor's key employees approach you and ask for a job, then they obviously have seen your potential.
This could indicate that you are moving up.
When Your Clients Wait For You
Once you have developed a good rapport with most of your clients, you might find that they are willing to wait for particular items not presently in your inventory, just for a chance to continue doing business with you.
This indicates their high level of trust in you.
Use the above hints as reassurance that your business is moving in the right direction - but remember that you will need to maintain and increase your efforts to keep up the momentum.