Do you want your business to be rubbing shoulders with the giants in its field in ten years time? If so, you need to commit to decade-long growth — pronto! You aren’t going to reach the pinnacle of your industry if you retain a short-term point of view. If you’re to achieve your lofty aspirations as an entrepreneur, you must keep at least one eye on the future at all times.
Here are three things you must do to grow your business over the next decade:
Invest in burgeoning services
If you’re to stand a serious chance of drawing custom in ten years’ time, you must find a way to appeal to your future audience. This might sound like a thankless task — how can you possibly know what the customers of tomorrow are going to want? As difficult as this endeavor might seem, however, there is something that you can do to predict the needs and specifications of your 2031 consumers, that being to invest in the burgeoning trends of today.
Here are three innovative business ideas, services, and products that are projected to grow in popularity over the coming decade:
- Virtual Reality
- Green Initiatives
Appeal to Gen Z job candidates
Move over Millennials — there are some new kids on the block, and they go by the name of Generation Z! This generation of youngsters are currently leaving college and entering the world of work, which makes them the immediate future of business growth and scalability. It is for this reason why you must now be doing all you can to appeal to them.
If you’re serious about appealing to Gen Z, you must go above and beyond simply running recruitment events. This is a generation that has grown up with the web quite literally at their fingertips, which is why you must leverage the power of the Internet in your hiring process. With Oleeo’s dedicated recruitment events mobile app at your disposal, you will have the capacity to do just that. This will allow you to automate the support that you provide to your Generation Z candidates. In turn, this will help you to cultivate an employer brand that appeals to job applicants for years to come.
Build lifelong relationships with customers
You aren’t going to stabilize your business over the coming decade if you fail to draw a steady stream of customers. It is for this reason why you must make a conscious effort to attract a loyal fanbase of clients back to your company time and time again. To achieve this all-important feat, you’re going to invest time, effort, and money into your consumer relations. More to the point, you’re going to need to build lifelong relationships with your consumers. By going above and beyond in this instance, you will showcase the fact that you truly care about the service that you provide.
To cultivate long-term client relations, you must:
- Increase your customer lifetime value (CLV)
- Deliver real-time support
- Connect with your consumers via channels that suit them
- Make your clients feel like individuals
- Understand customer preferences and psychology