Managing a business is not an easy task, so as not to fail, it is important that you improve your business constantly. In Konfío we want to give you 5 tips so that you can work on the growth of your SME.
Take care of the presentation of your business
It is important that you take care of the presentation of your SME. Be careful with the image you project to your clients. Daily works on the maintenance and cleaning of your work spaces and sales spaces. Make sure you have a nice office or office so that your clients feel comfortable. If you notice that your business is deteriorating, remember that you can invest some money to remodel, decorate or expand your premises.
Do not forget the publicity
To make yourself known, you need to advertise your business. There are different ways to advertise it. You can try the traditional way with advertisements and flyers, or I also recommend that you initiate online advertising. Create an official page for your business and in it, upload the photographs of your products and share the offers in the social networks of your SME.
Control your inventory
To better manage your SME, I recommend that you keep a daily control of your inventory. This way you will know how much product you have stored and how much product you have on display. And so, you will avoid having shortage of products. Do not stop to stock up on product or material so you always have it ready for your clients.
Manage your debts well
Always keep in mind the short or long term debts that you have to pay, such as the payment of services, the payment of salaries, loans for SMEs, etc. In this way, you will know how much money you need to earn monthly so that you give up the money to pay all your monthly expenses.
Control your cash
The cash you use daily, to make transactions with your customers. Take a detailed control of all the cash that goes in and out of your business so that you have a better financial health in your SME.