You’re passionate and revved up about having your own business. The clients are lined up, your workload is maxed out, and now you’re at a crucial point. You want to expand the business. Only one problem. Your resources are maxed out too.

Until now, you’ve likely been enjoying the adrenaline rush of being the decision-maker, the order-taker, the service provider, the marketer, and the money maker. But to survive and stay competitive, you have to grow the business. And that means more time and more money you’ll need to spend to stay on top in the marketplace.  So what do you do?

According to Business Weekly magazine, here are some suggestions:

Step #1: Give up some control. Delegating small tasks frees you up for the bigger ones that need more focus.

Step #2: Take smaller steps. Accomplish a few things each day, not a laundry list of over-ambitious tasks. This allows you to complete them right away.

Step #3: Be resourceful and innovative. Enlist the help of student interns or professionals interested in bartering services with you. Sign up for webinars and business seminars attended by other business owners.

Step #4: Maintain your focus. Many people will try to sell you services that don’t improve your bottom line. Take on only services that are vital to the day-to-day operations of your business. Team up with other likeminded business owners to form an effective group purchasing power.

Step #5: Promote your business inexpensively. Instead of traditional advertising, find other ways to market your product/service. Attend a business networking event where you have an opportunity to exchange business cards, services and ideas that put your company at the forefront of the marketplace.

Taking your business to the next level comes with challenges. But a little creativity, drive, and ingenuity will yield results in a cost-efficient and often more effective way….simply because you’ve worked hard to find solutions that increase your revenue and decrease your costs!

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