How to Grow Your Business with Limited Budget

Every small business owner has a dream of growing his business to become next Amazon.com. The sad reality is that there are very few of them who can get there. The key challenge for many small business owners is to grow the business with the limited resources they have. As it is said that it takes money to make money. Whoever can find a way to grow without increasing cost significantly will be the winner in this resource constraint world. So how do you achieve that Holy Grail? Here are few tips you can use to minimise your spending without sacrificing growth.

Company Vehicles

Having a company vehicle can present many financial advantages

• Getting your name out there in the local community using a branded company car is an excellent way to build up brand awareness- ad space is built-in with another company asset. A bonus is that your name will go wherever the vehicle does.
• It’s an incentive to prospective employees and ensures you attract high calibre applicants.
• The government provides grants to buyers of electric or plug in cars like hybrids, so it’s worth considering as an option.

3 Important Tips for Making your Small Business a Success

Nearly half of small businesses fail in their first 3 years of existence. Success is in no way guaranteed when you are starting a small business. Part of the reason for this high failure rate is that small businesses have limited resources to work with. Oftentimes the owner of the business is managing all aspects of the business – From managing accounts to getting effective marketing materials produced to running the day to day operations of the business. As you can imagine this can get really busy, really fast. If you are not careful you may end up burning yourself or, even worse, your business can fail. Here are 3 tips you can use to alleviate the burden to some extent and succeed as a small business owner.

Reliable internet

One thing that’s a sure way to guarantee success is ensuring that you have a reliable internet connection. With the internet from companies like PackNet you can manage and monitor your social media, keep customers updated on any immediate changes such as shop closures or later opening times etc. and offer customers a Wi-Fi connection when they come in to your premises, making sure that they stay longer. Reliable internet also means essential thing like being able to log into online banking, order new supplies and check our competitors is all at the touch of a button.