Pawnina Shares: 5 Tips to Optimize Your Business
Hi guys! Pawnina here, checking in on how everyone’s businesses are doing!
The -ber months are fast approaching and you need to make sure your business is ready for the influx of customers, with all the gift-giving and what not! So, here are five tips on how to make the most out of your business, so you’re sure you’re squeezing it for what it’s worth.
1. Automate where you can
If you’re an old soul, this might be difficult. But it’s time to embrace change and accept that technology has allowed for a lot of things to be automated, like scheduling appointments to making sure things are posted on time.
Look for ways to automate your work, so you can focus on the things that are more important or the things that can’t be automated. By doing so, your output is optimized and you’re sure to get some mileage out of everything you do. A perfect example is to create social media material for the week ahead and make scheduled posts, so you don’t have to worry about posting them at the right times.
2. Network, network, network
I don’t mean talking over coffee! As a small business owner, you need to leverage on the network you have, meaning make your friends and loved ones your personal brand ambassadors. You get people to talk about your brand and you also create a community that makes people constantly interested. Not only that, it’s important to build stronger bridges, because you’ll never know if your friend’s sister’s cousin’s grandfather is the owner of that big conglomerate that’s looking to have your business in their stores!
3. Go online
Similar to automating everything, it’s crucial to be online because it’s easier to do multiple things at once. For example, integrating everything with Google will allow you to schedule deliveries/appointments, mark calendars, send reminders, place orders, process payments, and so much more. There are a lot more plug-ins and apps that will allow you to do more specific tasks that are more aligned with what you need, so going online definitely has its perks.
What’s even better is if you go on cloud services. When everything you do is on cloud storage, you’re able to virtually work anytime, anywhere, through almost any of your digital devices. This allows you to be in more than one place at once. Imagine that – access to everything, no matter what. You can work in your office or even work from home!
4. Take a vacation
If you’re a small business owner, you probably are everything rolled into one – the CEO, the accountant, the marketing manager, the sales director, and so much more. Eventually, you will burn out.
You have to remember that no man is an island and it’s worth investing in other people to help you out. Delegate to them and take a vacation and enjoy the rewards of your hard work. It will keep your passion for your business alive and it will also allow you to think of and experience new things that may improve your products or service. So take a breather and recharge so that you can perform again at your best!
5. Be open to credit
Many people are so afraid of having a credit line because they see it as utang. In reality, you shouldn’t be afraid of having credit because it really maximizes your liquidity’s potential. Paying later will allow you to do more without having to have immediate cash on-hand, but you need to know when having credit will be best.
For example, if you know you will be able to sell an additional number of products, you can ask credit from your supplier and pay in the future; this way, you can fulfill more orders, even if you don’t have cash to pay upfront, or you can reallocate funds to cater to a larger delivery route. Managing credit is definitely okay, if you’re smart about it.
If you need cash right away, whether it may be for your business or because you’re just tight on funds, get the most out of your everyday items with PawnHero by pawning them for a quick cash loan! Just download the PawnHero App on the Google Play Store or visit the PawnHero website and you’ll be able to get a free and fair appraisal on your items, and your cash deposited in your bank account in no time! Don’t worry, PawnHero has got you covered!
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