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Has your business hit a plateau? If so, you’re not alone. Many firms experience a slowdown, even after a period of rapid growth. While there’s no guaranteed way to speed up the growth of your business, there are common signs and symptoms of the slowdown that you can address and fix. Here are a few reasons that your business might not be living up to its full potential.
#1: Your website is outdated
When it comes to websites, the “set it and forget it” model simply doesn’t work. It’s essential to continually update your business website to include relevant information and reflect current trends. For example, if your website isn’t optimized for mobile devices, you might be missing out on potential business. According to data from Statista, in 2018, 52.2 percent of all website traffic worldwide was generated through mobile phones. For comparison, in 2009, only 0.7 percent of website traffic was generated through mobile phones! If your website isn’t mobile-friendly yet, now is the time to make necessary updates.
#2: You’re not keeping a close eye on competitors
While it’s important to focus on internal processes, failing to look outside of your business could be holding you back. Good companies don’t operate in a vacuum; they keep a watchful eye on their competition. Start paying more attention to businesses that compete with your product or service and take note of how they respond to changes in the market. It might give you more insight and information that you can use to attract new customers and earn more business.
#3: Your leadership fails to give direction
Without clear direction from leadership, your internal team may be left feeling confused and unmotivated. If you’re a business leader, be sure you’re asking for feedback from your team and make adjustments accordingly. Before starting any project, offer your team a sense of purpose and direction. Doing so will create more unity around shared goals and encourage your team to stay motivated.
#4: Your team is overwhelmed
If your team is feeling stressed out, overwhelmed, exhausted or discouraged, they’re likely unable to produce quality work. One way to provide more support to your team is to outsource some of their tasks to a third-party provider. An outsourcing company can manage routine, time-consuming day-to-day tasks such as assembly, packaging, or fulfillment services, taking them off your employees’ plates. Outsourcing helps businesses save time and money, and allows internal teams to focus on core competencies.
Looking for an outsourcing provider in Cincinnati to assist your business with assembly, kitting, or fulfillment services? Look no further than at Ohio Valley Goodwill! Our Industrial Services Division was established to help local businesses in Cincinnati, Northern Kentucky, and Southeast Indiana grow while simplifying operations, saving time and reducing overhead costs. Our flexible workforce is driven by human intelligence and is able to work at any scale. As a non-profit partner with decades of experience, Ohio Valley Goodwill can help your business achieve more through outsourcing while benefiting local individuals with disabilities.
Put Goodwill to work for your business today! Learn more about our services and schedule a free tour of our facilities when you contact us.