Growing Your Business From $1 Million to $5 Million

Hitting one million in annual sales is a huge milestone that any business should be proud of. But if your company is moving in a positive direction, why stop the momentum? With a strategy focused on building out structure and processes, along with a drive to improve, you can boost your annual sales past the $1 million mark and experience the true growth you’ve been looking for!

1. Find a unique solution for a problem. Regardless of your industry, be sure that the solution you bring to the table services your customers more effectively than any competitor. Be innovative, and invest your energy in building the right solution.
2. Foster a culture that delivers happiness to keep your employees on board. No matter how large or small your company is, a positive and collaborative culture will be what helps you build the right team that is determined to push the business to the next level. Allow your staff to access the best training available, and acknowledge them when they do good in your business.
3. Put the right structure, systems and processes in place. If you’ve made it to the seven-figure mark, then you’ve probably created a great structure and implemented effective systems along the way. But to rise to the next level, you must continuously refine this structure and systems. Properly instructing your team about how to follow these systems allows you, as the business owner, to concentrate on the bigger picture. READ this book
4. Always prioritize sales. In the business world, selling is a never-ending game, and it goes beyond cold calls. Everyone in your organization should be networking to the best of their ability. Reward employees who bring in new sales opportunities through a bonus program or sales incentives for hitting goals.
5. Concentrate on delivering value. Ultimately, the value you bring to the table can both distinguish you from competitors and justify higher prices. When your staff is helpful and the experience is convenient, your customers will understand, respect, and continue indulging that value.

Interested in learning more about how to grow your business the right way?

Read our blog post to learn more about expanding to new locations, determining whether or not you need financing, and more!