How to Grow Your Business

Tips on how to grow a business

Currently, youth are encouraged to start-up businesses left-right and center and we have seen a number of youth do amazing things. Kyusa too offers a platform for young people to start up passion based businesses.

A few tips on how to grow a business start-up as well as enable it outlive its first birthday;

• ·         The first and most important question to answer is, what problem am I solving? Entrepreneurs are people who solve problems while making money. You experience a double edged sword.

• ·         Are you passionate about what you are doing? Simply put, passion is what gives you your fire. Passion will keep the fire burning amidst any turmoil.

• ·         What is the vision for your business? Vision is the future eye of the business. It answers the where are you going? Where do you see yourself? This requires a lot of thought; you should be able to see the future of this business before you start it.

• ·         What is your motivation for starting the business? Is it to make money only? Money shouldn't be the driving force because businesses take time to grow and yield you the profits you desire.

• ·         Always research about the business you are in (or are planning to go into); it is guaranteed you will learn how to run it better. Don’t give up on this habit.

• ·         Exercise patience all the way. Any growth process requires patience. The ability to remain steadfast onto something amidst stagnation,turmoil,and things not going as we hoped they would.

• ·         Curve out your best interest and concentrate on being a MASTER in that. Don’t be a jack of all trades and a master at none. Find your curve and master it to the dot.

• ·         Set up financial systems that will help you not steal from your business. This involves proper record keeping of every item bought in and for the business. If there workers, how much are they being paid, how much is the business making at the end of each month.

• ·         Get a mentor; Mentors are good in particular area and aligning yourself with one is a great tip. For example, Rachel has a cake business but is always in debt and never has resources to make cake orders. The mentor will help her identify where the problem is in her finances and how to get financially empowered.

• ·         Networking is a strong pillar. Networking is like fishing; you catch all sorts of fish and other things. Then you keep what you need and let go of the rest. These networks open doors for business growth.

These tips were gathered from Youth who have had the privilege of starting up their own businesses and have outlived their first birthday and are growing steadfastly.