You also need to devise effective ways to keep in touch with your employees. Communicating effectively with your staff will not only help everyone work better and more efficiently, it will also free up much-needed time to get the tasks done.
Before expanding your business, you first need to make sure your business can sustain growth and still turn a profit. Examine various aspects of your venture, and make note of a few important things.
Everyone who runs a business for themselves has a specialty that makes them so successful. Whether it’s food, retail, construction or technology, the type-A entrepreneurs of America are very good at that one specific thing that makes them so successful.
~ The Lean Startup: How Today’s Entrepreneurs Use Continuous Innovation to Create Radically Successful Businesses
by Eric Ries
The most successful small businesses are ones that make innovation to be part of their daily everyday routine. But, it is not the problem with the existence of the innovation process. The problem is more in starting the engines of the innovation process, and it starts with consistent flow of innovative ideas.
Here are five things every entrepreneur should consider when starting a service business.