Scaling a business is not an easy thing. It requires a substantial amount of effort and wearing several hats, mainly at the beginning. As an owner of a small business, you may find yourself acting as a sales and marketing person at the same time while trying your best to deal with taxation and corporate compliance issues. This position entails interacting with customers daily and other things, that might take a toll on you. Here are some strategies that you should try to grow your business.

Small business owners have a lot in their plates. From trying to find a market for their products or services to attempting to woo a new customer to join their small customer base, being a small business owner is like signing up to be ever busy and aggressive. Because you may find yourself working every day of the week, you may end up mixing things or forgetting important work altogether. Contrary to the misconception by many small business owners that the smaller the organization, the lower they need a strategic plan, your SME requires a strategy regardless of its size. A strategy can help you know what you have done well, what needs more of your attention and whether your daily operations are growing your company. Here are some of the leading reasons why your small business requires a strategy.

Business plans are among the most critical components of any business. Unfortunately, although having a business plan is critical, many businesses have plans that are not worth showing to potential funders or printing at all. Most of these poorly thought business plans have some things in common, as shown below: