Showing posts with label Strategies to grow your business. Show all posts
Showing posts with label Strategies to grow your business. Show all posts

Friday, 16 August 2024

Strategic methods to grow a new business as a Christian or maintain an existing one - Compiled by Dave Omokhodion


We are all faced with challenges on daily bases. It doesn't matter if we're christians or not. It's even more challenging as a Christian when it has to do with starting a business or maintaining an existing one.

However, we are not to be worried, knowing fully well that God is on our back, Proverbs 16:3. Only one thing we should do is to trust Him and be opened to good suggestions and ideas on how to succeed.

So here are some strategic methods to grow a new business as a Christian or maintain an existing one:

NEW BUSINESS

1. * You need Prayer and God's GuidanceSeek God's wisdom and guidance in decision-making, Psalms 50:15

2. * You need to have a Clear Vision and Mission Statement. Define your purpose, values, and objectives.

3. * Have a Business Plan. Develop a comprehensive business plan.

4. * Do some Market Research. Understand your target audience and market trends.

5. * Try to have Networking System. Build relationships with mentors, peers, and potential customers.

6. * Maintain Quality Products/Services. Offer excellent products or services that glorify God.

7. * Indulge in good Marketing and Advertising strategy. Utilize effective marketing strategies.

8. * You need good Financial Management skills. Practice good financial stewardship.

9. * Get good hands to work with you and engage in training them. Hire employees who share your values and provide training.

10. * Don't stop where you are, continue on Improvement. Regularly assess and improve your business.

But if you already have an existing business, here are what you should do.

       EXISTING BUSINESS

1. * You should regularly re-evaluate your Vision and Mission. Ensure alignment with God's purpose.

2. * Try to be more Innovative and Adaptive to change. Stay ahead of industry trends and adapt to changes.

3. * Have a listening ears by looking at Customer's Feedback. Listen to customers and improve products/services.

4. * Regularly ensure there's employee Development. Invest in employee growth and training.

5. * There should be a need for Expansion and Diversification. Explore new opportunities and markets.

6. * You need Partnerships and Collaborations. Form strategic partnerships.

7. * If you are capable enough try to give back to your community. Integrate giving and community service into your business.

8. * Consider Mentorship. Find a mentor or become a mentor to others.

9. * Leverage on accountability. Surround yourself with accountability partners.

10. * Don't give up, have faith and Persevere. Trust God through challenges and uncertainties, Deuteronomy 1:21

Remember, as a Christian business owner, your ultimate goal is to glorify God and serve others. By integrating these strategies with your faith, you'll build a successful and sustainable business. 

******For more insights into this Directory click on the following link: Main Contents

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