S2E58: 4 Tips to Grow Your Business

Small Business Survival Conversations

In this episode, hosts Anna Steinfest and Dr. Michael Troyer share their four unique tips to help entrepreneurs and business owners grow their businesses. With their extensive experience in business strategy, leadership development, and organizational psychology, Anna and Michael offer practical and insightful advice that can help businesses of any size and industry.
Tip #1: Examine your business away from your business - Anna and Michael explain why it's essential to step back from your business to examine it from a fresh perspective. They offer strategies for identifying areas that need improvement, optimizing resources, and making changes that can have a significant impact on the bottom line.
Tip #2: Put yourself in the customer's shoes - Anna and Michael stress the importance of understanding your customers' needs, preferences, and pain points. They provide tips for collecting feedback, analyzing data, and using customer insights to improve your products, services, and overall customer experience.
Tip #3: Observe, observe, observe and ask, ask, ask - Anna and Michael encourage listeners to be curious and inquisitive about their business environment. They offer techniques for observing and analyzing industry trends, competitors, and market changes, as well as tips for asking the right questions and seeking advice from mentors, advisors, and other business experts.
Tip #4: Explore other industries - Anna and Michael advocate for looking outside your industry for inspiration, best practices, and new ideas. They explain how studying other businesses can help you identify opportunities for innovation, differentiation, and growth, and offer examples of successful cross-industry collaborations.
Throughout the episode, Anna and Michael share real-world examples and anecdotes to illustrate their points, as well as practical tips and resources for listeners to explore further. Whether you're a startup founder, a small business owner, or a corporate executive, this episode has something for you. Tune in and learn how to take your business to the next level!