5 ways to keep your small business strong after its first year

By Lizzie Weakley

Often, getting your small business up and running and ensuring its success within the first year can be a challenging process. Luckily, you can do several things to promote growth and productivity. For example, you can work with business development experts, build an innovative company culture, and use digital marketing to your advantage.

Business development experts

Many growing businesses can benefit from using the services of a business development agency to their advantage. Essentially, this is a type of agency that focuses on promoting growth and competitiveness. This can help to expand your reach and take your business to the next level. Many entrepreneurs starting out are surprised by the amount of information they don’t know. Having an expert by your side can make a huge difference because they can help to guide you and point you in the right direction.

Innovative company culture

For your business to be a success, you need to promote innovation within the workplace. You can achieve this by hiring a diverse and forward-thinking workforce. You should ensure that your employees are motivated to achieve higher levels of professional success and that they aren’t afraid to think outside of the box. You can attract top talent by creating a solid public reputation, treating your employees fairly, offering them opportunities for growth, and always maintaining a competitive edge.

Digital marketing

Many new businesses do not have the funds needed to launch effective television and print advertising campaigns. Therefore, a beneficial way to get the word out about your company is to use digital marketing to your advantage. Typically, advertising online is much more affordable than using traditional marketing platforms, and you can still reach a vast audience. To do this, you need to be able to create a voice for your company and a clearly defined brand.

Know your demographic

You should also study your demographic to understand factors such as age, gender, income, and location. You may also want to research psychological factors, such as their lifestyle preferences, values, goals, and interests. This will help you to create more engaging advertisements that will draw your consumers in and attract a new customer base.

Find your niche

For your company to maintain its success, you need to understand what need you are fulfilling within the market and what sets you apart from your competitors. For example, ways you can attract and retain customers include offering your products at a more affordable price point than your competitors, offering unique features, or by selling products and services that are hard to come across or not easily duplicated. Once you understand your niche, you will be able to use your strengths to your advantage and work on improving any weaknesses.

Overall, while trying to maintain your company’s success in the first year can be difficult, it is important to remain diligent. You should strive to overcome any obstacles you may face and ensure that you have contingency plans set in place. The aforementioned tips make excellent starting points. However, it is important to do your research and to think creatively in order to find helpful ways to allow your business to stand out from your competitors and to retain customers once you have them.


Lizzie Weakley is a freelance writer from Columbus, Ohio. In her free time, she enjoys the outdoors and walks in the park with her husky, Snowball.

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