HOW SMALL BUSINESS OWNERS CAN GROW

HOW SMALL BUSINESS OWNER CAN GROW.
1) Have an Organised reward system.
Seperate business money from your money.
Don't run your business without having an organised reward system. It shows how payments will be made.
How wnt should pay yourself and your workers.
Must have an organised payroll.
Don't use the business money for your welfare.
If you do it never grow. The business must have it's account seperate from yours.
If your business has N 550.00. Don't say it's yours. If you do so you'll soon convert it. If you allow business money stayput, its capital growth will help you expand.
2) Invest carefully.
Make pound decisions. As a small business there are investments that can be on your list of priorities. Make investments on assets to will give you quick return not all fixed assets will bring quick return.
Successful business owners put in as much money as possible into the working assets which bears cash and sales and as little as possible into fixed assets
3) make your enterpreneurs reward system poor.
In abite to paying urself now the business is small don't allocate a rich pay for yourself. This will help you have much amount left as a plough back capital for the business. $ 125, but my pay Is $ 4.00 per month. It is aimed at my ploughing back enough for business growth.
4) Balance sales and profit
Don't make your profit margins so poor that your growth for capital investment which will bring growth will be affected. Create a balance
5) DELIVER AND DISTRIBUTE VARIETIES
In the field of your products think and put up varieties that will march demands, understand that man likes and enjoys Varieties. The more varieties of goods you've the more people you'll attract. This builds up small business easily.