Powered by MOMENTUM MEDIA
realestatebusiness logo

Breaking news and updates daily. Subscribe to our Newsletter!

Home of the REB Top 100 Agents
Breaking news and updates daily. Subscribe to our newsletter

Website Notifications

Get notifications in real-time for staying up to date with content that matters to you.

Challenges you will face when growing your business

By James Short
09 March 2021 | 1 minute read
Jamers Short

Building a business from the ground up is no easy task, and yet, here you are being your own boss.

Imagine what you went through to reach this point. It deserves a pat on the back and a bit of celebration. It just goes to show how competitive you are and how much drive you have in you. And being the competitive entrepreneur that you are, starting a business is just the first part of the journey. The next goal would be to grow it.

Growing a business, just like starting one, is not a walk in the park. It poses a different set of challenges that will test your problem-solving skills and patience. Challenges that demand a unique approach or even present you with new opportunities. They are demanding, but at the same time, with the right mindset, fun to tackle. Overcoming one just gives you that feeling of satisfaction and personal growth. With that said, what are the challenges you will face when growing your business? What are those things that will encourage you to think outside the box and move out of your comfort zone?

Your work culture

Growing your business means that you are ready to compete with the big boys in the market. To stay competitive with other companies, you need to thrive in the market. How do the big companies do it? One factor is the work culture. Having a great work culture allows your employees to drive your business forward and go toe to toe with more established brands. “Why?” you ask? Let me answer that by asking you another question. In any business, who in your company has the most contact with the customers? That would be your employees. Keep your employees happy. Determine what your work culture is and change it if need be. Having an awesome work culture not only helps retain high performers in your company, but also attracts new ones which are essential if you want to grow your business.

Responding to the competition

Growing your business all boils down to extending your reach to potential new customers. You will soon find out that the competition is fierce in this stage of your business, and if you are not prepared, you will lose your way. Keep your focus and do what you do best. Always communicate to the prospects about what makes you unique and show your value. This is the time where you have to get creative. Shake things up. Disrupt the traditional way of doing things.

Challenges you will face when growing your business
James Short reb
lawyersweekly logo

ABOUT THE AUTHOR


James Short

James Short

James Short has been assisting principals and directors lead and grow their businesses for the past six years. Taking them from being stuck, unclear and not moving forward to having that clarity, direction and accountability within their organisation.

Rankings
rankings
JUST RELEASED
May 09, 2022

REB Top 50 Women in Real Estate 2022

REB is thrilled to present the Top 50 Women in Real Estate 2022 ranking, which sets t ... LEARN MORE

rankings
JUST RELEASED
May 04, 2022

REB Top 100 Agents 2022

Now in its second decade, the REB Top 100 Agents 2022 rankings are the most revered s ... LEARN MORE

rankings
JUST RELEASED
May 02, 2022

REB Top 50 Agents NSW 2022

Even a pandemic has not put the brakes on the unstoppable property market in NSW, whi ... LEARN MORE

rankings
JUST RELEASED
April 27, 2022

REB Top 50 Agents VIC 2022

The COVID-19 crisis has not deterred the property market in Victoria, which has been ... LEARN MORE

rankings
JUST RELEASED
April 25, 2022

REB Top 50 Agents QLD 2022

As the property market continues to roar in Brisbane and Queensland, the REB Top 50 A ... LEARN MORE

Coming up

rankings rankings
Do you have an industry update?

top suburbs

12 month growth
Mirador
103.33%
Bawley Point
98.13%
Walla Walla
90.7%
Byron Bay
86.67%
Kiama Heights
85.93%
Greta
84.14%
Nulkaba
81%
South Hobart
78.78%
Diddillibah
76.25%
Lennox Head
73.98%
SEE AREA REPORTS ON SMART PROPERTY INVESTMENT WEBSITE
Subscribe to Newsletter

Ensure you never miss an issue of the Real Estate Business Bulletin.
Enter your email to receive the latest real estate advice and tools to help you sell.