7 Key Business Areas That Accelerate Growth
As a small business owner, it can be quite the quest to both identify and figure out what key business area you need to focus on to accelerate your business growth without burning out.
As a multi-award-winning entrepreneur, I can completely relate to your struggle. When you turn to Google for solutions, you can quickly get overwhelmed by the vast amount of information out there. That’s exactly why I wanted to write this article – to help you quickly identify those key areas and then provide you with a nifty resource to figure out which one of these areas you should be focusing on next to move the dial in business!
In this article, you’ll learn:
The 7 Key Business Areas That Accelerate Growth
In my decade of working with small service-based business owners, I’ve learned just how important it is to understand all aspects of your business fully. In the online world, it’s very easy to get sucked in by online marketers who pose as business coaches and only focus on marketing.
But when you run a brick-and-mortar business or do business in real life, there are many more factors you have to consider and keep a tab on so you can grow a sustainable business that will allow you both freedom and the profits you desire.
And sure, marketing, sales, and pricing are the very first things you want to focus on once you’ve opened your doors to your business, but from there, there are many more areas you must focus on.
Here are the 7 key business areas to focus on for accelerated business growth:
Business Vision
Operations
Money & Finances
Team
Offer
Marketing, Sales, and Pricing
Mindset
To quickly figure out which area you need to focus on next, take the Business Growth Assessment quiz!
See which key area you must focus on next to increase profits!
Why It’s Important To Assess Where You’re At In Each Key Business Area
What gets measured gets improved. We have all heard this a million times before, and this saying rings especially true in business.
It’s also crucial that you keep tracking and assessing where you’re at in each area. This will give you valuable data on what needs to be improved, fixed, or created to ensure you build a sustainable business with great profits and freedom.
You’re likely to be tracking certain factors already, which is great. Creating systems to ensure you track all of the seven key areas above will drastically help you to grow your business faster.
The other lesser-known reason for tracking these key areas is also to help you keep your mindset in check. It’s so easy to think or feel that things are going badly when you have a particularly bad day, week, or month. Having the data can help put your mind at ease and help you to stay in a solution-focused and growth mindset.
Having the hard facts will make running your business less stressful, can help you get more sleep, and will help you respond and come up with strategic ways to overcome any challenges.
How Assessing Each Key Business Area Influences The Freedom You Do Or Don’t Have
If you’re not tracking those key business areas, you’re essentially doing Hail Mary’s and running a business on hope.
Now, I agree 100% with you that running a business does take a lot of faith. However, blindly making decisions and investments will guarantee that you work harder than necessary, waste your hard-earned money, and be overly stressed for no good reason.
When you take time to measure your progress in each key business area, it will clearly and quickly show you when and where you’ve veered off course. Without this essential insight, you may be doing more than you should, and most of your time will be wasted or tied up, not to mention the bandwidth that all that stress and worry will take up in your mind.
Assessing each key business area will quickly and more easily help you to unlock more freedom!
An Easy Way To Track Each Key Business Area
The first thing you need to know is that tracking doesn’t have to involve some fancy or expensive system. Sure, you can invest in those (along with experts to help you) down the line. But when you start tracking these areas, all you need is a spreadsheet!
My Business Growth Achievers members are always astounded by how quick and easy it is to start tracking their success with our Business Growth Acceleration Tracker. The tracker is a robust spreadsheet that gives clients a great overview of both their finances and other key areas in their business.
The Trick To Tracking
Grab a Google spreadsheet and create a tab for each area. Inside every tabbed spreadsheet, decide:
your goals for each area;
the factors/data you’ll track to determine the progress in that specific key area;
how often you’ll check in to track the data.
And voilà – that’s all you have to do to start. As the data becomes more robust and you assemble more information you’ll be able to fine-tune or create better tracking systems.
But for right now, this quick and easy way will help you start collecting some valuable data that will give you great insights to increase your profits and freedom.
An Easy Habit To Ensure You Continually Focus On Improving Those Key Business Areas
The first place to start tracking your progress in each key area is to build time into your schedule. During this scheduled time, you’ll actively step out of the day-to-day and work on your business.
Inside the Business Growth Achievers we provide our members with an easy framework and a weekly 30-minute meeting to help them get organized and focused.
By scheduling a weekly meeting with yourself to assess and track your progress in each key area, you’ll gather valuable insights and information about what your business needs to grow with more ease.
Want the quick and easy framework to start hosting these weekly meetings?
How To Instantly Identify The Key Business Area You Must Focus On Next To Ensure Optimal Business Growth
Now, I appreciate that you may be feeling slightly overwhelmed by the prospect of having to focus on all the key areas of your business. You’re already strapped for time, so how in the heck will you be able to create more time to focus on all seven areas?
The good news is that you don’t have to focus on all of them all at once. You can pick one or two to start with and then build from there.
And to help you identify which key business area you need to start improving first, I’ve created the quick and easy Business Growth Assessment quiz.
When you take three minutes to complete the Business Acceleration Assessment, you’ll immediately know which area you need to focus on to break through to your next level of growth.
You’ll also get a video and personalized report with specific actions and resources in each area that you can immediately implement to start getting results faster.
If you found this article useful, I also recommend reading this article:
“The Best Online Business Group You Could Ever Hope To Find”
And if you’d like more resources to help you expand your business, check out:
Accelerate your growth with this free handy download.
Take the free Business Acceleration Assessment.
Read my bestselling book, The Up Level Project
Join my group accountability program: Business Growth Achievers
Work with me: Book a 1:1 consultation with me here