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There are many ways a business can maximize its profits, whether it is a small startup or a global juggernaut. However, one sure skill a business will always need is agility. Your business needs to be ready to seize upon any opportunity that might come its way. If you move too slow, your competitors might seize the advantage and leave you trailing in their dust. Similarly, if you quickly need to change your operations or adapt your strategy, having the ability to pivot you and your team’s focus can be the difference between bumper sales or dismal losses. Here are a couple of handy things to consider which will add agility to your business.
Get Wheels
Whether you are a service provider, a retailer, or a product manufacturer, there is a robust chance vehicles are already an essential part of your supply chain. They can let you expand your geographic reach and ensure that orders arrive on time. However, the likelihood is that you outsource your logistics and might own zero vehicles yourself. Even if most of your work is online and you have no vehicles at all in your supply chain, that doesn’t mean there is no need for vehicles. Company cars can often be an attractive offer to potential new employees, meaning you will attract talent. A vehicle can also become a billboard if you work within a local region. But most importantly, a set of wheels can allow you to have face to face meetings quickly with prospective clients. If you outsource your delivery, even having one van on hand in case of any last-minute orders or disruptions to your courier service will show your clients you are ready to go the extra mile when it matters.
E-Commerce
We are all used to the convenience of paying for products online that are delivered straight to your door. However, while most businesses have websites, many still do not have a payment gateway to allow customers or clients to pay for their services or products online. E-commerce is becoming ever more vital for retailers, but if you are in an industry that doesn’t usually utilize online payment options, a secure e-commerce option on your site might give you a lead over your competitors. If you are a restaurant, for example, the option of a fixed menu with a pay now button can entice customers by cutting out the awkward moment when you need to tally up and divide a bill between multiple diners, figuring out who ate what, or deciding whether to divide the meal equally. Think about how e-commerce could add convenience to your customers and put that strategy to use as a USP to attract new business.
Finally, remember that every business is unique, and your agility comes from your ability to spot opportunities early. Whether that means the ability to get to a meeting quickly or to gain custom online, the key is to think creatively. The more you can keep thinking about ways to innovate, the more opportunities you will spot, and the more chance you will seal the deal before your competitors even realize there was a deal to be made.
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