5 MOST COMMON SMALL BUSINESS OBSTACLES

It often happens that we start our business in a practical way and it gives good results. However, there is a point of stagnation that most companies go through, and that is when they don’t know how to move to a more specialized niche of clients to obtain better income. That is why we will analyze the 5 obstacles you must overcome in order to move your business up a level.

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5 MOST COMMON SMALL BUSINESS OBSTACLES
5 MOST COMMON SMALL BUSINESS OBSTACLES

Leveling up, both in a business and in a personal environment is a challenge. You must overcome many of the habits you have been having with your company, as well as project what you want to achieve in the following months. These are 5 of the most common obstacles that you will have to overcome in order for your business to have new clients, in niches with greater purchasing power, to generate better dividends.

 

These are the 5 obstacles that you must overcome in order for your business to move up a level

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1.- Have a good corporate identity

This is one of the obstacles that you must overcome in order for your business to move up a level. It may be that when you started selling your product there was no need to have a too professional corporate identity. The product started to sell easily because the people around you needed it, but it has reached a point where you don’t know how to make it available to a larger number of interested users.

Have a good corporate identity
Have a good corporate identity

Corporate identity is the answer. Look for a good graphic designer who will not only be in charge of making your logo and your corporate manual, but who will also have notions of advertising and of the brief that every company should have before making the graphic part. In this way, you will be able to have an attractive image that will serve you to level up and climb towards other clients.

 

2.- Using digital tools correctly

Currently there are too many options to publicize your business through the computer. If you don’t have a website, it’s time to make one to inform users nationally and internationally about what you do and what you offer. Also, look for the social networks that are most appropriate for your type of product and start generating strategies related to them. In this way you will be able to gain a greater number of customers.

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Using digital tools correctly
Using digital tools correctly

3.- Diversify your business

If your business is about bread, you might have a lot of success selling it. However, you can think about diversifying your business with other products that complement the central. For example, you can make some “bread cakes”, or a drink associated with your brand. This can be seen in companies like Nike, for example. Their main product is shoes, but currently they are also involved in sportswear, sports elements and even technology.

Diversify your business
Diversify your business

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4.- Thinking about the customer experience

Remember that nowadays the customer is not only looking for a product to satisfy his needs, but also for a life experience. What do your customers feel when they buy your products? What idea are you selling them apart from satisfying their hunger, clothing or thirst? You can see this in the example of Coca Cola, which does not sell the satisfaction of your thirst, but the family bonding and happiness of being with our friends.

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Thinking about the customer experience
Thinking about the customer experience

5.- Setting long term goals

The company must have long-term goals and strategies to achieve them. This is one of the best ways to move your business up the ladder. What do you want to achieve with your business in a year? How are you going to achieve this thing you are thinking about? What are you going to need? The more you plan, the more opportunities you will have to achieve it.

Setting long term goals
Setting long term goals