4 Decisions That Will Increase Your Revenue and Business Growth The Internet and social media have been amazing for entrepreneurs but they've also created a shortsighted view of what it means to build a business.

By Cindy Constable

Opinions expressed by Entrepreneur contributors are their own.

The Internet and social media have been amazing for entrepreneurs but have also created a shortsighted view of what it means to build a business. The online spaces tend to scoff at a formal business education because of the availability of software, technology, and access entrepreneurs utilize to develop a business.

You can create a sales funnel around an offer, runs ads to that funnel, and start getting sales. But what happens when the revenue comes in? It's not uncommon for that revenue to flow to an entrepreneur's personal bank account to pay bills with no thought about taxes, savings, and investing back into the business.

Traditional business principles applied to an ever-growing digital world can be a powerful way to build a business. It allows entrepreneurs to build a solid foundation and all the elements that a business needs to scale growth.

Exponential growth would cripple a lot of business, and they are too many entrepreneurs that have no clue what to do next.

These four strategic business growth decisions increase revenue, help an entrepreneur scale beyond always being in the business, and create a company that can withstand the unexpected challenges of entrepreneurship.

Create branding, messaging, and a foundation for ideal target clients

The thought of zeroing in your messaging to target just a specific group of consumers can be scary. There's a belief that if you're marketing and branding are too narrow, you will miss out on business opportunities with the general public.

That is a scarcity-based mindset that creates messaging that confuses potential customers. It's impossible to craft marketing that reaches everyone. Confused consumers ignore those general messages because they feel that the products and services are not for them.

Your website, branding, messaging, and marketing should be created with your ideal target client(s) in mind. When you can hone in on who that is, everything you do will become more effective. You can figure the exact way to reach those clients, in the places they frequent, and in the manner that covers them from casual follower to customer.

Related: 5 Social Media Marketing Mistakes You Need to Avoid

Build systems and automation to be less hands-on in your business

Too many businesses don't grow because entrepreneurs have to spend most of their time in the business instead of building the business long-term. Their hands are full, having to fill every role in the org chart.

Is that you? Do you feel stuck because your day is filled with tasks keeping you from focusing on the strategic moves that will grow your business long term?

One under-utilized growth strategy is creating systems and automation that allow entrepreneurs to scale their time. With software such as Zapier, Click-Up, Asana, and more, you can set up systems that make your sales and fulfillment process more hands-free.

With the ability to hire virtual assistants, employees, and freelancers — you can outsource some of the work and free up more of your time to focus on client acquisition, customer experience, joint ventures, and scaling strategies.

The more you can duplicate yourself as an entrepreneur, the more growth you'll experience. Use today's technology and access to hire professionals, set up automated systems, and be the real CEO of your business.

Related: How to Automate Technology to Help Run Your Business

Leverage digital marketing to create lead generation and consistent sales

There are billions of Internet and social media users. Every year, that number increases, which offers businesses an opportunity to reach their ideal target clients with fewer costs. Using digital marketing effectively is a strategic move that has the potential to grow a business exponentially.

If you're going to reach your target consumers online, you need a plan. You need to know which models you'll use and how to create content and copy that converts. You can create blog posts, podcasts, videos, newsletters, social media posts, and more.

Leveraging digital marketing increases your reach and happens to be the place your ideal clients frequent. If you're not sure how to use digital marketing effectively, this is also another area that you can outsource.

Related: 4 Key Digital Marketing Trends to Take Advantage Of

Continue to be a student of your craft

Successful entrepreneurs never feel as if they've arrived. They understand that to be an expert at their craft, they have to continue to learn.

Now, understand me — I'm not saying that you should stay stuck consuming information and end up with information overload. I'm advising you to be strategic with what information you consume. Focus on what helps your next steps and fuels your personal development.

Being better at your craft happens when you're a better you. Invest time and learning into the things that help you get clarity and build a resilient mindset. Stay tuned to the latest trends and changes in your industry. Continue to learn the new techniques that give you an edge.

A business is grown with strategy, consistent execution, and a commitment to growth. You can use all the tactics in the world, but if there's not a strategy, it's pointless. Make these strategic decisions and watch your business grow without you having to do everything.

Wavy Line
Cindy Constable

Business Growth Strategist

Cindy is a strategist, international consultant, and speaker. Her goal is to elevate your company culture and bring integration between your leadership, vision, culture, and team members. Join her at cindyrconstable.com.

Editor's Pick

A Leader's Most Powerful Tool Is Executive Capital. Here's What It Is — and How to Earn It.
One Man's Casual Side Hustle Became an International Phenomenon — And It's on Track to See $15 Million in Revenue This Year
3 Reasons to Keep Posting on LinkedIn, Even If Nobody Is Engaging With You
Why a Strong Chief Financial Officer Is Crucial for Your Franchise — and What to Look for When Hiring One

Related Topics

Business News

More Americans Are Retiring Abroad, Without a Massive Nest Egg — Here's How They Made the Leap

About 450,000 people received their social security benefits outside the U.S. at the end of 2021, up from 307,000 in 2008, according to the Social Security Administration.

Business News

Woman Ties the Knot at White Castle Almost 30 Years After the Chain Gave Her Free Food as a Homeless Teen

Jamie West was just 12 years old when she ran away from the foster care system.

Business News

Lululemon Employees Say They Were Fired for Trying to Stop Shoplifters

Two Georgia women say Lululemon fired them without severance for trying to get thieves out of the store.

Business News

New York Lawyer Uses ChatGPT to Create Legal Brief, Cites 6 'Bogus' Cases: 'The Court Is Presented With an Unprecedented Circumstance'

The lawyer, who has 30 years of experience, said it was the first time he used the tool for "research" and was "unaware of the possibility that its content could be false."

Business News

The Virgin Islands Want to Serve Elon Musk a Subpoena, But They Can't Find Him

Government officials would like to talk to Tesla's owner as part of an investigation into the Jeffrey Epstein case.