{"id":5801,"date":"2023-05-16T12:13:39","date_gmt":"2023-05-16T12:13:39","guid":{"rendered":"https:\/\/news969.com\/?p=5801"},"modified":"2023-05-16T12:13:39","modified_gmt":"2023-05-16T12:13:39","slug":"4-ways-to-jumpstart-your-companys-growth","status":"publish","type":"post","link":"https:\/\/news969.com\/4-ways-to-jumpstart-your-companys-growth\/","title":{"rendered":"4 Ways to Jumpstart Your Company\u2019s Growth"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">Rome wasn\u2019t built in a day, and neither are most businesses. Organizations tend to grow at different paces \u2014 it often comes down to direction, circumstance, and ambition.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">But while growth may not happen instantly, there are ways to help expedite it. If your goal is to expand your business fast, using certain service providers and strategies can get you there. Let\u2019s look at four ways to jumpstart your company\u2019s growth.<\/span><\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_65 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<p class=\"ez-toc-title\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-66288f98e123e\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-66288f98e123e\"  aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/news969.com\/4-ways-to-jumpstart-your-companys-growth\/#1_Go_Global\" title=\"1. Go Global\">1. Go Global<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/news969.com\/4-ways-to-jumpstart-your-companys-growth\/#2_Use_Referral_Marketing\" title=\"2. Use Referral Marketing\">2. Use Referral Marketing<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/news969.com\/4-ways-to-jumpstart-your-companys-growth\/#3_Try_an_Omnichannel_Approach\" title=\"3. Try an Omnichannel Approach\">3. Try an Omnichannel Approach<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/news969.com\/4-ways-to-jumpstart-your-companys-growth\/#4_Empower_Employees\" title=\"4. Empower Employees\">4. Empower Employees<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/news969.com\/4-ways-to-jumpstart-your-companys-growth\/#Going_Full_Throttle\" title=\"Going Full Throttle\u00a0\u00a0\">Going Full Throttle\u00a0\u00a0<\/a><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"1_Go_Global\"><\/span><span style=\"font-weight: 400;\">1. Go Global<\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">Venturing into new markets is a strategic move business leaders use when existing sales reach capacity. It\u2019s also effective for jumpstarting growth when there\u2019s a demand for your company\u2019s solutions outside your current territory. These opportunities could be close to your backyard, but don\u2019t be surprised if they\u2019re overseas.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Going global is a chance to expand sales quickly. At the same time, you might find the prospect intimidating and logistically challenging. One of those challenges is hiring employees native to an international market. On the one hand, you need a few locals to help you navigate uncharted territory. On the other hand, you likely don\u2019t have enough resources to get up to speed with another country\u2019s labor regulations.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Using an<\/span><a href=\"https:\/\/www.oysterhr.com\/glossary\/eor\"> <span style=\"font-weight: 400;\">employer of record<\/span><\/a><span style=\"font-weight: 400;\"> service can help you easily assemble the international teams you need to expand. An EOR hires employees on your behalf, becoming the legal employer on paper. Your new hires still work under your direction, but the EOR handles the paperwork and compliance with local labor laws. You also don\u2019t have to spend time setting up separate legal entities in each country where you wish to hire people. For all these reasons, an EOR partnership allows you to move into global territory more quickly.<\/span><\/p>\n<h2><span class=\"ez-toc-section\" id=\"2_Use_Referral_Marketing\"><\/span><span style=\"font-weight: 400;\">2. Use Referral Marketing<\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">People usually take a couple of steps when they hunt for a solution. They search online, take note of businesses nearby, and ask others in their circles of influence for recommendations. Those \u201cothers\u201d might be neighbors, friends, or relatives. Potential customers are looking for validation that they\u2019re about to make the right choice. Nowadays, no one has time to waste on products and services that fail to meet their expectations.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Word-of-mouth advertising is behind<\/span><a href=\"https:\/\/www.lxahub.com\/stories\/word-of-mouth-marketing-stats-and-trends-for-2023\"> <span style=\"font-weight: 400;\">$6 trillion<\/span><\/a><span style=\"font-weight: 400;\"> of annual consumer spending, representing 13% of aggregate sales activity. Consumers tend to trust what others they know say about a business\u2019s products over a company\u2019s own advertising. About 75% of shoppers don\u2019t have faith in what paid ads say. However, 90% find recommendations from family and friends credible, while 70% believe consumer reviews.\u00a0\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">What does this mean for your company\u2019s rapid growth plans? It means it\u2019s probably wise to invest more of your marketing dollars in referral campaigns versus traditional advertising. Rewarding current customers and their referrals for bringing in new business can give your company the edge it needs. And in markets where doing business with a handshake is the norm, referral marketing could become a differentiator.<\/span><\/p>\n<h2><span class=\"ez-toc-section\" id=\"3_Try_an_Omnichannel_Approach\"><\/span><span style=\"font-weight: 400;\">3. Try an Omnichannel Approach<\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">Today\u2019s consumers want more than one way to shop. They also expect businesses to provide multiple customer service avenues. The street that gets them to their desired destination fastest is usually the best. Whether it\u2019s picking up products curbside or resolving a service issue via social media, consumers value convenience.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">When companies offer those conveniences, customers vote with their pocketbooks. Consumers spend<\/span><a href=\"https:\/\/www.mckinsey.com\/capabilities\/operations\/our-insights\/social-media-as-a-service-differentiator-how-to-win\"> <span style=\"font-weight: 400;\">20% to 40% more<\/span><\/a><span style=\"font-weight: 400;\"> with businesses that respond to service requests on social media. If your company isn\u2019t using the full power of digital channels to reach people, you may be stunting your growth. But expanding your company\u2019s marketing and service channels can do more than boost sales. It can help increase customer retention, a significant factor for rapid growth.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The caveat is your company\u2019s best omnichannel approach will depend on your market\u2019s preferences. It won\u2019t behoove you to be on every social media platform if your target audience is only on one. You might also consider the service needs of your various buyer segments. Does one demographic lean toward online forms while another tends to use instant messages? Finding additional, efficient ways to serve your markets will swiftly extend your reach.\u00a0\u00a0\u00a0\u00a0<\/span><\/p>\n<h2><span class=\"ez-toc-section\" id=\"4_Empower_Employees\"><\/span><span style=\"font-weight: 400;\">4. Empower Employees<\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">Sometimes business owners can stop growth in its tracks by holding onto the reins too tightly. They\u2019re hesitant to give others added responsibility and access to data. Even if their companies are past the startup stage, some founders continue to operate like solopreneurs. They\u2019re still attempting to do all the critical tasks themselves, neglecting to build the leadership abilities of those they hire.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">It may not be intentional, but shutting employees out of key duties and decisions can prevent progress. Your staff needs a reason to show up and drive the company forward. Often, this means tackling meaningful assignments. While each worker\u2019s motivation triggers may vary, commitment to a company will be low if staff members don\u2019t feel empowered. To achieve growth, you want employees to be as excited about the business\u2019s success as you are.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Empowering them and listening to their ideas can get your business over its development hurdles. Involving employees in operational decisions also ensures your company has a succession plan. As you\u2019re building your organization, you should be creating new leaders. Most successful businesses don\u2019t advance without the contributions of many. A single person only has so much capacity, but a motivated team can accomplish more in less time.<\/span><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Going_Full_Throttle\"><\/span><span style=\"font-weight: 400;\">Going Full Throttle\u00a0\u00a0<\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">So you want to grow your business at more than a snail\u2019s pace. There\u2019s nothing wrong with being ambitious, but it\u2019ll take workable strategies to achieve your goals. Great cities and companies don\u2019t rise overnight. They achieve renown because of shared efforts and ideas. Expanding your business at full throttle is possible as long as you have the right people by your side.\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Rome wasn\u2019t built in a day, and neither are most businesses. Organizations tend to grow at different paces \u2014 it often comes down to direction, circumstance, and ambition. But while growth may not happen instantly, there are ways to help expedite it. If your goal is to expand your business fast, using certain service providers [&hellip;]<\/p>\n","protected":false},"author":1701,"featured_media":5802,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.5 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>4 Ways to Jumpstart Your Company\u2019s Growth - Latest Technology News - Gaming &amp; PC Tech Magazine- News969<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/news969.com\/4-ways-to-jumpstart-your-companys-growth\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"4 Ways to Jumpstart Your Company\u2019s Growth - Latest Technology News - Gaming &amp; PC Tech Magazine- News969\" \/>\n<meta property=\"og:description\" content=\"Rome wasn\u2019t built in a day, and neither are most businesses. 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