10 tips to rejuvenate your small business | SupportBiz

Managing Growth

10 tips to rejuvenate your small business

 
Do you feel stuck in a rut, while running your small business? Do you feel like things are not moving in any way? Have you lost your enthusiasm and passion for work?

If your answer to any of these questions is ‘yes’, it might be time to rejuvenate your business. You might consider introducing little changes in your business to reinvent the passion and energy that you originally possessed.

SupportBiz lists 10 tips to re-energise your small business.

1.     Improve your skills.

It is a good idea to re-evaluate your strengths and weaknesses, and determine what skills you are lacking in. No matter how experienced or skilled a businessman you might be, there will always be something more to learn. Spend time on learning new skills that you think will help you in growing your business further. This will go a long way towards rejuvenating your business and re-inventing your passion.

2.     Re-decorate your office.

Sometimes, all you need in case of a lack of enthusiasm is a visual lift. Consider re-decorating your office, in this case. Change the colours of the walls and the furniture, if possible. Bring in elements like classy paintings, games and greenery. Take help from an interior decoration professional, if required.

If you are not in a position to go in for a complete overhaul of your office, try re-organising things. Even that can make a great change in your levels of enthusiasm.

3.     Organise your e-mail.

Even little things like organising your official e-mail can sometimes give you a lift. Work on developing a corporate e-mail policy – develop a new structure for replying to e-mails. Form a new, more effective signature line for yourself and your organisation. Create different folders for more efficient handling of your e-mails.

4.     Work elsewhere.

In today’s times of high internet and mobile connectivity, you need not be stuck in office day after day to get your work done. Consider working elsewhere, every once in a while, to lift your spirits. It could be as simple as having a working vacation or plugging in your laptop from home or a nearby cafe for a short while.

5.     Re-evaluate money matters.

Often, financial concerns are the cause of lack of enthusiasm and energy among small business owners. If this is the case, you should spend time re-evaluating business money matters. Think of the areas in which you can make small changes, which will, in turn, impact your business cash flow positively. Tighten your belt, and adopt a cash-saving mindset. Take the help of a finance professional, if required.

6.     Ramp up your networking.

Better networking can work wonders for your enthusiasm and passion for business. Get out of office, and spend time networking with people who can add value to your business and to yourself, as an entrepreneur. Learn new things from these people, share ideas with them, ask for suggestions and give them some.

7.     Get out of your comfort zone.

If you are feeling stuck in a rut, it might be a good idea to get out of your comfort zone and do something new and challenging. Evaluate the pros and cons, and consider if it is a good time to launch a new product line or expand into a new geographical area. It might work wonders for you.

8.     Re-evaluate your motivation.

Take the time to re-evaluate your motivation for doing what you do. Why did you start the business initially? What fuelled your passion? What changed on the way? Examine if the reasons for starting your business still exist. Take help from a business coach or mentor, if required.

9.     Re-consider your goals.

Re-evaluate your long-term and short-term goals, and see how far you have been successful in achieving them. What can you do to achieve the goals you haven’t been able to, so far? What goals should you reconsider and tweak? There is a high possibility that reworking on your goals will give you a new spurt of enthusiasm.

10.  Re-consider your business activities.

If you feel stuck in a rut, maybe it is time to stop doing what you have always done and start doing something new. Take the time to re-consider all your business activities in detail. Get rid of processes and systems that have become redundant, and no longer serve your purpose. See how you can do things differently, in order to run your business more effectively. Consider the changes that you can bring in in various aspects of business to inject optimism and enthusiasm – marketing efforts, hiring, production, et al.