grow your small business

Four Surprising Ways to Grow Your Small Business

With the rise of growth hacking, building a successful business is no longer limited to traditional strategies. The largest companies in the world now utilize innovative methods to scale tremendously without the capital or assets that were once critical to growth. From clever marketing shortcuts through social media apps to gutsy decisions to outsource work to specialists, small business owners worldwide are currently redefining how to grow a company successfully.

Growing your small business from the ground up has never been easy, but with a little bit of knowledge, you will find it less difficult today than ever before. In this blog, we will examine four incredible ways small business owners can grow their businesses quickly and effectively.

Technology

Technology has always been a vital tool for finding out how to expand a business. Whether you want to know how to grow your small business or you’re looking for tools to manage your increased demand, technological breakthroughs have always kept business owners ahead of the curve. 

how to grow your small businessIf your business is stalling, you may want to audit your entire process to see how to make your small business grow fast using tech. If you’re growing gradually and wish to hasten the process, discovering a technological shortcut could increase demand or drastically lower overhead costs. Study the billion-dollar tech giants that are currently ruling our economy and brainstorm unique ways to use tech to separate your business from the pack.

Outsourcing 

Whether you are dropshipping to cut costs and production times, or contracting expert freelancers to complete challenging tasks, you can take your business to new heights by trusting a third-party partner to lighten your load. By letting a specialist handle complex aspects of your business, you will have more time and energy to focus on what makes your business boom. Moreover, you’ll also stumble upon more potential partners and clients through your expanding network. This network effect is why outsourcing is an indispensable secret of how to make your small business grow.

Social Media Marketing

Social media marketing is not a fad, and it’s not a myth. You may still be wondering what magic spell social media founders, such as Mark Zuckerburg and Jack Dorset, encode into their apps. The secret is as simple: information. Social media networks are now the most comprehensive and sophisticated communication tools available to small businesses. 

Like it or not, these platforms have become more influential than traditional advertisements and commercials. That’s because, for pennies on the dollar, businesses of all sizes can target and reach their audiences directly through social media channels. The precision, pricing, and efficiency are just some of the benefits of this exciting new growth strategy.

how to make your small business growSimplification

Don’t reinvent the wheel. Things are the way they are for a reason, and no amount of vision or hard work can reverse macro trends or market realities. Instead of fighting the social media craze or mobile phone boom, learn about why they are happening and how you can leverage them to your benefit. You don’t have to create the next virtual-reality-enabled cryptocurrency-powered social network to make an impact on today’s world. Sometimes it’s as easy as sitting back, reading the waves, and going with the flow. Consider scaling back or simplifying your business model if things aren’t moving quite right.

Growing Getting Rough?

If your business is not growing at the rate you desire, consider utilizing these methods to accelerate your operations and elevate your company to the next level. Combine these insights with a flexible and innovative workspace from Alexa’s Workspaces to develop your business into a groundbreaking and trailblazing modern machine. Alexa’s Workspaces provide contemporary comforts through first-class amenities so that you can concentrate on growing your business, rather than your office needs. Contact us today at 954-745-5800 to reserve a space and see why, at Alexa’s Workspaces, we don’t have clients – only colleagues.

small business project management software

Five Small Business Project Management Tools You Should Be Using

Missing a deadline can spell disaster for small businesses. Time is money, and our globalized world demands instant results with no regard for the laws of time and space. As a small business owner, you have no choice but to stay ahead of the curve when it comes to both time and technology. That’s why you need to utilize as many project management tools available on the market today as possible. Let’s look at some of the most popular small business project management tools and highlight their benefits for your business.

Small Business Project Management for Smart Entrepreneurs

No matter what small business project management software you’re already using, there’s always a newer or faster way to get the job done. These five apps have either stood the test of time or shot to the front of the pack thanks to great design, intuitive user experience, and intelligent innovation. This list encapsulates our choices for the best project management software for small businesses.

Asana

small business project management

Asana combines an elegant design with all the basic building blocks of a project management suite. Organize your tasks in whatever order you prefer, jump across multiple teams and projects with a quick swipe, and quickly locate crucial files with a powerful internal search engine and inbox.

Slack

Staying in touch is essential for small business ventures. Slack makes communication possible with your teammates regardless of where they are in the world. Send a digital high five by sharing one of the app’s built-in emoji expressions or share massive files in this tiny message app with just a few clicks. Why email when you can Slack?

Hootsuite

Social media is a substantial marketing tool for many companies looking to improve their small business project management. Instead of fumbling with passwords for multiple accounts and struggling to time posts so your followers can see them, get Hootsuite to experience the luxurious side of social media publishing. Track and target audiences, schedule posts months in advance, and easily toggle through accounts across multiple platforms.

Google Docs & Sheets

Most projects rely on text and numbers, and Google provides two incredibly intuitive apps for processing words and crunching data alongside your team. Share the same draft across multiple screens and co-edit in real-time with your teammates in Google Docs and Sheets. With detailed notes and highlighting functions, it’s easy to share feedback, export files, and get things done right the first time.

CloudApp

Media is the vehicle that moves information across the internet. Whether you are trading videos, photos, or audio clips, CloudApp makes it easy for your team to grab and exchange high definition files across various platforms and devices.

best project management software for small businessAccelerate Your Business with These Tools

Whether its Asana, Slack, Hootsuite, Google Docs, or CloudApp, these applications are integral tools for any small business to function more efficiently and effectively. Take advantage of these small business project management tools while operating out of Alexa’s Workspaces, where you can enjoy a flexible office space for a low cost when compared with traditional office solutions. 

Let us concentrate on your needs, so you can focus on growing your business. Call us at 954-745-5800 today to reserve a space and start using these tools to accelerate your team’s workflow. Remember, at Alexa’s Workspaces, we don’t have clients – only colleagues.

reducing overhead costs

How to Save Time, Money, and Headaches by Reducing Your Company’s Overhead

Reducing overhead costs doesn’t have to mean massive layoffs or sacrificing significant company assets. There are numerous ways to reduce overhead costs by being creative and resourceful. However, some leaders have a clouded judgment due to overloaded budgets and underperforming teams.

It’s no wonder that overhead costs cause headaches. The bare essentials needed to start and run a business are often enough to make anyone lightheaded. In this day and age, there’s no excuse for ignorance or inactivity. Stop the bleeding on your budget sheet and tighten up your team up before your business is suddenly out of juice.

Even if you’re not exactly sure how to reduce overhead costs, there are a handful of steps you can take to begin exploring the possibility. In this post, we’ll explore how you can save money by reducing overhead costs for small businesses in unique ways, such as building better budgets, cutting unnecessary expenses, innovating wherever possible, and switching to a virtual office.

How to Reduce Overhead Costs in Business

Your Budget Is Your Best Friend

how to reduce overhead costs in businessWho are we kidding? There’s nothing fun about budgeting. Yet, the peace of mind you get when you’re on top of your financials will make you friendly enough to buddy up with everyone. 

Accounting for every dollar in your business gives you a clear picture of your burn rate and the overall health of your business. This information is invaluable to you. Embrace the power of budgeting and stay aware of how your money is moving.

Just Say No!

“No” is one of the most powerful words you have at your disposal in negotiations. Do you use the word “No” enough in your daily discussions with employees, partners, and customers? Dedicated owners will often bend over backward to prevent problems or minimize collateral damage, but by always eating the losses yourself, you cripple your company’s ability to grow and adjust to the market.

Sometimes you have to seem like the bad guy. Remind yourself that you’re doing the right thing for yourself and your business. If it doesn’t make dollars or contribute to the bottom line, it doesn’t make sense!

Trim the Fat

Part of being a leader is knowing what or who is essential to your operations. If a particular employee, partner, or asset is not pulling their weight in value, don’t hesitate to make the necessary cuts to keep the rest of your team on track. 

Stay Open to Innovation

Every year, a new technological breakthrough transforms the playing field of a predominant industry. Instead of reacting to the market and playing defense, stay open to new developments and attempt to lead the pack. As long as you aren’t betting the house on your nephew’s latest hunch, it’s usually a good idea to be among the early adopters in your field. A simple breakthrough could save you millions in costs or push you to the front of the pack in your industry.

how to reduce overhead costs in businessThe Power of Going Paperless 

It is surprising how much time and money some businesses still spend pushing papers around the office. If you’re looking for more breathing room in your budget, consider going digital and leave all those papers, folders, and filing cabinets in your nightmares.

Digging for Discounts

Sometimes cutting costs is nothing more than a grind. Don’t be afraid of getting your hands dirty by digging for deals from suppliers. Bartering and bargaining can lead to opportunities you didn’t even know were there. The more research you do, the larger your network and knowledgebase about your industry will grow.

Alleviate Your Headaches with These Overhead Solutions

Diminish any migraines stemming from overhead woes by utilizing these overhead solutions in combination with a flexible workspace or virtual office from Alexa’s Workspaces. Virtual offices provide you with the power of multiple locations, without the added costs, not to mention they offer first-class amenities. Call Alexa’s Workspaces at 954-745-5800 to reserve a space and start solving your overhead woes today. At Alexa’s Workspaces, we don’t have clients – only colleagues.