6 Radical Ways to Change Your Business Model in 2018

Companies wanting to succeed in a competitive market must continually look for ways to improve their business. This can ensure you continue to surpass your customers’ expectations year-after-year, which will allow your enterprise to flourish. Check out the six radical ways to change your business model in 2018 and beyond.

1. Table of Contents

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   Update Your Technologies

Innovation is pushing companies large and small into the future. Get the year off to the best possible start by reviewing the best technologies to streamline operations, increase productivity and enhance customer satisfaction. For example, you can embrace cloud computing technology to gain access to your files on any device, or you can invest in new high-performing computers or mobile devices to improve internal efficiency.

2. Set a Bigger Goal

Sit down and think about your wildest dream for your company. Once you have done so, you should make it your mission to make it a reality. For example, mobile apps can provide companies with a new source of revenue, but many businesses are wary of the complexity of launching an app. However, all you need to do is identify step-by-step how you will achieve your big goal. For example, you can map out a plan to hire an experienced developer, contact Cambr for a BaaS platform, and identify the best methods for marketing the new application.

3. Build a Culture of Innovation

In addition to going after your company’s wildest dream, you should strive to build a culture of innovation. Encourage your employees to adopt a “think big” approach, which will give people licence to think outside the box and get a little creative. The ideas may potentially push your business in a completely new direction, which could help you develop a USP that will set you apart from your rivals.

4. Organize Your Office

A disorganized office will reflect in your products and services. Improve customer satisfaction by organizing your office. For example, disposing of unwanted paperwork and arranging items into categories will free up space, improve organization, and increase productivity. So, make a fresh start to breathe new life into your business.

5. Become Your Best Marketing Tool

Your biggest marketing tool could be staring back at you in the mirror. It doesn’t matter if you’re a B2C or B2B entrepreneur, you must strive to raise your profile in 2018 to boost your brand awareness and sales. You can do so by writing a blog, contributing articles to high-profile websites, and getting involved with local charities or community events.

6. Start Delegating

Many entrepreneurs think carefully about engagement, data and revenue, but fail to consider the importance of delegation when running a business. Yet, this could be the one thing holding your company back, as attempting to do it all can cause you to burnout. Don’t provide your clients with mediocre services, and aim to delegate tasks to employees or independent contractors. Finally letting go of the small stuff will allow you to focus your time and attention on growing the business.