If you’re the owner or manager of a business in 2024, you may be looking for ways to increase your revenue. Although a new marketing campaign may be helpful, some business managers have found that changing how your company is viewed by potential clients may make a more significant difference. Your marketing strategies may already have resulted in the best returns possible. Your next business boost may come from changing how your business presents itself.
Expand to a New Location
If you’re trying to figure out how to accelerate business growth, consider opening a new branch office to increase the company’s overall profits. According to Home Base, when your business opens in a new location, that new location acquires a new market of new prospective customers. When your business undergoes expansion, it’s as if it has gained additional space within your existing store.
If your present business has already established its brand, having an additional location will increase your brand appeal. Your current customers can inspire prospective clients in the new area by telling them what to expect. Knowing that some of your business will come from client recommendations makes it essential for you to capitalize on your brand recognition. In other words, make Store B look a lot like Store A to ensure your new clients will be pleased due to having the experience they were prepared for.
If you’ve decided to expand your business to a new location, your next step will be to find the best property for sale in the new area. Since you already know the pros and cons of your current building, this can give you additional insight into what type of building you should buy. While cost may be a significant factor in your choice, according to B Property, the location of your new facility is more important. Keep in mind if your company is considered industrial, locating your new building outside the city’s ‘industrial complex’ will cost your company more in terms of operating costs.
Upgrade Your Fleet Vehicles
When considering changes to your business, consider the benefits of upgrading your fleet vehicles. According to Business Blogs, a fleet change can bring short-term and long-term profits. If your budget is your primary reason to keep your current vehicles, think of the expenses you’ve recently had to pay for repairs to your present fleet. An older vehicle is likely less fuel-efficient, so you’ll pay more for fuel.
Buying new vehicles for your fleet often provides you with better safety features. These new developments provide collision avoidance features and emergency brakes, which respond more quickly to the driver. New vehicle dashboards now include enhanced connectivity, with better GPS systems that give insightful advice about avoiding upcoming hazards. New cars also add telematics: systems that analyze driving behavior, fuel usage, and the vehicle’s idling time. Your management team can analyze these reports to maximize the use of the new cars.
If your fleet includes trucks, you should give equal consideration to upgrading your trucks. If you want to avoid buying new trucks, you can take measures to customize each vehicle’s truck bed. You can add slide-out trays to the car’s sides, allowing someone working on the truck to access the items in the trays. Trays can be added to the trunk, holding items as heavy as an air compressor or generator.
Acquire New Truck Designs
If your company fleet uses trucks, you may have challenges with those trucks. If any of your vehicles are tow trucks, your tow drivers may wish they had more visibility on the road. That problem and others are often solved by lifting trucks with larger wheels and a raised chassis. Giving yourself a car with this modification will help you discover how to accelerate business growth.
Many truck owners enjoy the appearance of trucks with bigger wheels. In addition, those large wheels result in better traction while driving. The wheels also allow lifted trucks to navigate on all types of terrain. According to Four Wheel Trends, the higher center of gravity achieved with lifted trucks permits the car to have enhanced maneuverability.
You’ll be glad to know that lifted trucks are often also beneficial for towing. When towing, the lifted wheels can give trucks additional traction and more road control. According to Perkins Motorplex, if you want to find lifted trucks for sale, you can typically find them for sale at truck dealers, online marketplaces, and through lifted truck owners.
Conduct Regular Inspections
No matter what type of business you have, you will eventually face an inspection of your business facility. Inspections will help your company meet local and government safety regulations. Proving your compliance with government standards will help your company to accelerate business growth. Documentation of your compliance on your company’s website is an excellent way to instill confidence in prospective clients.
It should be easy to pass the inspection if your ongoing maintenance program has been vigilant and your company’s operational systems are up-to-date. Inspections will check the safety of your HVAC system, plumbing system, and electrical connections. They’ll look at the structure of your building and its exterior.
The primary mission of the inspectors is to ensure your systems (and, by extension, your employees) remain safe. If you use free standing radiators in your commercial building, those items must be inspected regularly. Some building inspection contracts don’t include checking the radiator, so be sure the radiator is on your list. Any freestanding appliance must be maintained and regularly inspected to keep your company running well.
Review Your Legal Agreements
Consider checking with an attorney if you’ve run out of ideas about how to accelerate business growth. Although lawyers may not be able to impact your profits directly, they can look at current legal agreements you have and let you know if any of them are impacting your business negatively. In addition, a meeting with a lawyer can give CEOs fresh insight into how they try to grow their businesses.
According to Forbes, the typical mindset of an attorney may seem different from the mindset needed for corporate success. However, author Frankie Costa, an attorney who is now head of a group of HVAC companies, says there are lessons businesses can learn from lawyers. The first of these lessons is due process, which notifies people they must answer to the court – and allows them to prepare for that appearance. In business, employees must have clear ideas of your company’s expectations, and managers must be more proactive when employees appear to be off course.
The same source suggests lawyers can also copy the example of judges, who are responsible for making decisions on complex laws they’re not an expert in. The same problem can occur with CEOs, who make decisions involving departments whose specialized skills are outside that CEO’s academic limits. Attorneys can also explain to businesses how the principle of precedent can affect their business. Being aware of precedents means all decisions will impact future decisions.
Protect Your Technological Resources
Suppose your company has developed new technologies to help your business practices. In that case, consider patenting the new technologies developed by your business. Patents are the best way for someone who has created something to protect that property from being used by another person without the creator’s permission. When your company works with technology patent legal services, those lawyers can guide them through the patent process.
Your technology product may have been influential in your company’s learning how to accelerate business growth. In that case, it’s only natural to wonder if you can market that technology. For you to patent a technological product or service, it must be unique and be something an ordinary person couldn’t have randomly created.
A technology submitted for a patent must be useable (rather than a theory.) When you write your patent application, you’ll have to be sure your explanation of how the product works is so clear that the product can be reproduced by using the explanation. These guidelines are part of the reason a technology patent attorney is the best person to guide you through the patent process.
Keep Mining Equipment Safe
If your company operates a mining business, you’ll need mining equipment. One of the essential pieces of mining equipment is called a mill grinder. These devices grind the materials found in the mind into substances small enough to be used by the client. Because the grinding motion impacts the mill grinders, those grinders are coated for protection with mill liners.
Recent developments in mining equipment have been changing the materials of which these liners are made. Most current mill liners are a combination of rubber and strong metal. If your company wants to know how to accelerate business growth for its mill liners, it may want to investigate sturdier materials to use to line the grinders. If you can advertise your liners as using the most recent technology, this will assure your clients they’re getting the most modern liners.
Maintain Your Property
When you’re planning your company’s improvement projects for next year, be sure you consider the impact of curb appeal. According to Landscape Workshop, almost 75% of clients prefer to visit businesses with attractive lawns and gardens. Once your company plants a beautiful lawn and garden, be sure you have a plan for how that garden will be maintained for the future.
Colorful garden beds can often increase your brand within the neighborhood. If your corporate brand is associated with a specific color, planting blossoms with that color can be a way to plant your company’s name in the mind of a passing motorist. A well-kept garden can also improve property value.
In addition to accelerating business growth, having a beautiful garden can improve employee productivity. According to the Journal of Experimental Psychology, seeing plants and flowers from their windows increases employee productivity. The same source reveals that offices with visible greenery have employees with fewer health-related complaints.
Invest in the Right Tech
Companies that make high-performance gaming computers are seeing new developments coming onto the market. To know how to accelerate business growth, you must keep up with industry news about new developments in the field. Console companies tend to remodel their computers every few years. Therefore, it seems safe to predict the future of high performance gaming computers will be profitable.
Now that non-gamers have begun to see the benefits of computer games, new developments are bound to occur. Many businesses are turning to virtual reality when considering accelerating business growth. VR games are now making their way into providing mental health benefits and have also found their way into helping the legal, medical, and construction industries with learning resources and training programs.
Cloud gaming is another idea for gaming that is also increasing in popularity. This allows gamers to play without downloading them onto your platform. The games exist in a computer’s cloud data and can be downloaded and streamed on a remote device. This allows a gamer to play the game before deciding to buy an individual copy.
Maintain Your Parking Areas
Another source of curb appeal for your business is your parking lot. If you are responsible for maintaining the parking lot, keeping it clean and the surface will even increase the property value. If a potential client drives into a parking lot and wants to go to your store, they must easily find a parking space. If you haven’t designed a parking lot with profit in mind, they may get frustrated and drive to another store.
If your company has a recognizable brand, you can put up signs designating a particular section of the parking lot for your customers only. Protect the appearance of the parking lot by covering it with a quality
paver sealing product. Keep the entry to the parking without charge. If you must charge for parking, validate the clients’ parking pass to improve your customer’s impression of your customer’s attentiveness.
Today’s businesses continue to need excellent customer service and good-quality products. In addition, today’s companies must easily find products and services online. If you keep this – and the above principles – in mind as you decide how to accelerate business growth, your company will have a better chance of thriving. Good luck in your business endeavors.
