Basic Necessities for Small and Medium Scale Businesses growth in competitive Market

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(Edited)

There are just multiple ways in which we can invest in small and medium scale businesses. Sometimes people have the skills to work but not the intellectual knowledge needed to grow their businesses. Multiple activities have to be carried for our various enterprises to standout in a competitive market.
Having critically analyzed these things I now realized the role of education in business development. An illiterate and a graduate can both be involved in thesame kind of business venture and while it will take a good number of years for the illiterate business to flourish someone with some level of education will take lesser number of years and effort to achieve the growth 📈 and development that took an illiterate years to attain such success.
On this note I have checked out some of the basic necessities needed by the small and medium scale businesses for their growth

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Every Business must be registered online.

Life and life activities have shifted from been physical to virtual and if your business remains in the physical realm alone,growth will be retarder

While we have the physical arm of a business offline where production is carried out, having an online arm aspect of it where we can attract customers from far and wide gives a greater publicity to our businesses regardless of where the production plant is located.

Recently I found a fashion designer friend of mine who is talented in various sewing and embroidery skill but I was amazed that his business wasn't registered online and as a consequence he has only the local population contacting him for their sewing jobs. When your customers are restricted to a local populace there is every tendency that your earnings from such business will be just peanuts and not enough for growth and expansion. Any business that desires positive growth must be able to sell his skills as expensive as possible. For instance if I sew an outfit for $2 for a communist, there are ways I can sew thesame outfit for one of the richest people in the country and ask for a price of $100 for thesame outfit design. The tactic is not just the skill but the packaging and manner in which the skill is sold.
Attracting a customer that can pay higher for my skills give room for growth and expansion of my business enterprise

I have walked my new friend here on how to create an online page for your business to sell your skills and attract the right customers.

Branding

Branding in most cases deals with the names we give to our business ventures. Some businesses have names that are obscure and some do not have names at all. Most of the stores and shops here do not have a name. If I go out to purchase an item from a store and wish to give recommendation to other people to patronize the store, describing the name and location of such store is very important and equally a very needful tool for publicity of business.

Packaging

One thing I have realized is that we can sell just anything so long as we can package and Sugar coat such items. How can you sew a dress for me and go ahead to pick a used nylon bag to pack up my outfits.
This is another error I noticed in the store while giving the business owner here some orientation about business growth 💹. After sewing, he carelessly picked a used nylon belonging to a food restaurants to package the outfit before sending to the owner.
What happens to having a business customized nylon for your brand and with your business name and logo on it like the one I have below here

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Having branded items with your name on it can carry your business to even places you never imagined. As people go around with your items your business is be carried along with them.

Conclusions

While going about my daily activities one little way I have found out that I can make impact is by free orientation like this for both communist and interested individuals. I may not have hundred percent intellectual knowledge or the financial capacity to invest in people business but I have seen skilled business owners who need just a little bit of the aforementioned tips to grow their businesses. Here are one of the people I have been opportuned to come assist them with some few tips and with his willing assistance we have started the work of promoting his skills both online and offline.

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4 comments
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Bang, I did it again... I just rehived your post!
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Marketing and advertising. Both important. Advertising so people know who you are. Marketing so you can reach better clientele for more profit.

Doesn't matter how good you are or how Excellent your product is no one knows about it 😉

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Exactly, some friends just need a little assistance for their businesses and people will rather hoard this knowledge because they believe that we are in competition with each other.

It's almost 6am here.
Monica-ene just got up from the bed.
Good morning Jason.
Thanks for stopping by.

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