Lisa Robbin Young

5 Tips To bring your stagnant business to life

When you’ve been running your business day in, day out for years on end, it’s easy to let things slide and become a little uninspired. Think back to when you first thought of your business idea: all you were thinking about was how to get things going. You also thought about the money, the lifestyle, and all of the other perks that come hand in hand with owning your own business.

But, when it actually comes to it and you’ve built this business model, you realise how much there actually is to think about, and your whole life becomes centred on making sure that what you’ve already built stays where it is. The problem with that is that while your business might still be making money, it’s simply not going anywhere. And, you might be feeling too afraid to take that next step to make things exciting again; not just for you, but for your customers as well.

If you really want a business that stands out from the crowd and excites people, you have to be brave enough to take those steps!

Not sure where to start? Here are a few thoughts on how you can breathe a new life into your business.

Rebrand

Rebranding is a big step, and it’s something that many small businesses steer away from because it can become confusing to your customers. If you’re already struggling to keep up with the brand you have in place at the moment, you might be wondering how rebranding might benefit your business.

When I approached Tracy at Digivisual Design to work on my gorgeous new website rebrand, I knew it was time for an upgrade. The old red an blue with animal prints was fun, but it didn't reflect the more sophisticated (dare I say elegant?) appearance and approach I was taking in my business. It didn't accurately attract the kind of clients I wanted to attract, either, which was a BIG clue. We'd already done some preliminary work around my mood board for what I wanted the new website to be like, and that laid the foundation for a solid rebrand.

So, if you know that your branding isn’t working for you - or you don't even HAVE a brand, but you're swimming in a sea of Canva templates and changing out colors - then this is something to consider. Think about it this way: if you re-emerge as a business that’s bright and beautiful with new ideas and products to bring to the table, then you’re bound to attract more attention. If you’re bland, rebranding is a good choice to consider.

Rebranding isn’t always easy, especially if you don’t have the mind for design and creation. If hiring a pro isn't in your budget yet, talk to Tracy. She has a DIY course that can help you create something inspiring pretty quickly.

Be innovative

If your branding is strong, it could be your client experience - either with your offers, or with your company. Sit back and think, what kind of experience would you like to have if you were looking for the same things your customers are. There’s a good chance that doing this alone will give you plenty of ideas on how you can switch things up to be more enticing for your customers.

For example, if you run a local pharmacy that simply doesn’t seem to be getting the customers that you used to, then what is it that you’re missing out on? You could consider adding in a consultation room for patients that need privacy, or you might implement patient adherence solutions so they can keep on top of their medication. There are ideas galore out there to improve your customer experience. Maybe it's time to explore some new options!

You might also benefit from looking at what your competitors are doing - but with a caveat.

This isn't about making yourself feel bad about what you're NOT doing or how they are somehow so much better or farther along than you are. Instead, use this as an opportunity to see what you can do that they can't or a way to do something even better. You might even spot a gap in the market and bring something new to the table that nobody else is doing in your industry. When I launched the Incubator years ago, there was no one else in the coaching world offering it. Now you see "incubators" popping up all over the place for creative entrepreneurs (still none with our pay-for-results model!). When you can offer something new and exciting, customers that need that difference will choose you.

Also, if the fear of rejection has stopped you from releasing a product or idea into your business, then now is the time to take that leap. It might just be the one thing separating you from your competitors and it could take you from zero to hero in your industry.

Relocate

When the going gets tough, sometimes the best thing to do is get out of the space you’re in and start fresh. In fact, there’s a good chance that if you’ve ever struggled with a situation in your life, all you could think about was escaping from the space you’re in and never looking back. And, the same goes for your business.

Like with your personal life, the thing that’s holding you back might simply be your location; the benefits you’ll get will be the same! If relocating your business is something you want to consider, you need to start thinking about being in business central, where your brand is more likely to get the business it needs. You need to think about larger cities and the benefits that will come hand in hand with this.

Of course, moving to the city might mean uprooting your life, but if there’s nothing holding you back in your personal life, then what’s stopping you? It might take a lot of guts to do this, but if you do, the benefits will be worth it, especially if you’re currently situated in a small town that doesn’t get much tourism at the moment.

All you’d need to do is find a place that suits your business, in an area that would likely suit your industry too. Using the pharmacy example again, you could find a space where there are lots of other medical establishments nearby so that you become the new “go-to” pharmacy. Of course, this might not apply to your business, but the premise is still the same.

You’ll also need to consider the needs of your staff too; you don’t want to end up moving somewhere that nobody can get to. Some staff might be willing to relocate with you, whereas others may prefer to commute or work more of a hybrid role if possible.

Relocation doesn't just mean physical... although it can. I've moved 5 times in the past few years and, while it's been a lot, it's also put me in the place where I am today. Relocation can also mean your online assets. We consolidated our community and learning areas into one place. We've migrated to a new mailing list service provider. Those moves weren't easy, took some work, AND were totally worth the effort.

Change how you communicate with customers

One of the best things you can do for your business is making sure that you’re communicating with your customers in the right way. But ask yourself; are you already doing that? If the answer is no, you’re not alone. In fact, it’s often an area where businesses fall short, which is why so many companies around the world have a really bad reputation when it comes to customer service.

You already know how important great customer service is and that it should always be in practice with you and your staff, but actually doing it is easier said than done, especially if you have rude or difficult customers. However, making sure that you’re polite, helpful, and take prompt action on customer complaints will help you stay on top of things.

Sometimes though, it’s not just about customer service, it’s actually about what you can do on a deeper level to make sure that you’re targeting the right people for your business. For example, you could take the time to use a testing platform to encourage the right customers to come forward to your business and introduce you to the right kinds of people you should be aiming your marketing efforts at.

In fact, user testing is something that many large businesses use, and taking the results of it could have a seriously positive effect on your company, so it’s definitely something to take into consideration.

Be loyal to your customers

Finally, if there’s one thing you want when it comes to gaining and keeping customers, it’s to be a loved brand. And to do that, you’ve got to be loyal. This means you have to be consistent in everything that you do all while being the best at what you do. There’s not a single customer out there that will say that they don’t like consistency when it comes to businesses they’re dealing with, and they love it when a company goes the extra mile to help them.

If you can master that side of things, you’ll have a brand that’s lovable, a brand that people immediately think of when they need your products and services, and you’ll have a brand that’s as successful as you’ve always dreamed of.

Remember, the sky's the limit, and while big business decisions can be scary, the simple fact is that your business isn’t going to go anywhere if you don’t make those decisions and act on them. Bring your business back to life with these 5 amazing tips!

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