HOTB Software Solutions
HOTB is a highly experienced software development company that provides in-kind angel capital to startup entrepreneurs with a viable technology based business. HOTB helps startups bridge the gap between their friends and family round and their venture capital round by subsidizing expensive technology needs. HOTB specializes in building custom software platforms to provide certainty of execution, experience, credibility, security and compliance. Additionally, HOTB Ventures has been formed for instances of passive investment when software development is not needed.

Manatt
Manatt, Phelps & Phillips, LLP is known for quality, for extraordinary commitment to clients, for integrated, relationship-based services, and for a range of capabilities typically found only in boutique firms. We are progressive and entrepreneurial compared to other major firms, and we are deeply committed to diversity, to public service, to involvement in the communities we serve and to excellence in all we do.

TriNet
Tech companies partner with TriNet Passport to compete for top talent by using our bundled HR products that cover the core services of payroll, fortune 100 benefits, risk and compliance, a scalable HR team all on a cloud platform. TriNet reduces the time businesses spend managing HR and administrative issues while providing enterprise-grade cloud capabilities. This enables entrepreneurs and management to focus on what’s important from raising funds to driving revenue. Join hundreds of executives in high tech who have experienced the TriNet Passport difference, working for companies in hardware, software, SaaS and telecommunications. Contact choy.chew@trinet.com for more information.

Eureka
The Eureka Building is a 3-acre technology campus in Irvine, California designed to help accelerate innovation. Founded in 2014 by Peter Polydor, our goal is to support local entrepreneurship by giving innovative companies and entrepreneurs in Orange County a home that is centrally located and easy to access. Through partnerships we are more than just a home, but are a support network hosting startup events while fostering mentorship relationships with our partners all within one of the most creative spaces in the region.

CrashLabs
CRASHLABS IS A VIBRANT COWORKING AND EVENTS COMMUNITY THAT ENHANCES WORK/LIFE BALANCE FOR THE NEW ECONOMY OF UNTETHERED WORKERS. CRASHLABS OFFERS CREATIVE AND FLEXIBLE SPACES SUCH AS OPEN DESKS, DEDICATED DESKS, PRIVATE OFFICES, AND EVENTS SPACE THAT SERVE EVERYONE FROM THE INDIVIDUAL TO CORPORATIONS.

Real Office Centers
At ROC you’ll find a cohesive and progressive working environment with professional support for entrepreneurs, innovators, and today’s leaders. Beyond merely providing the physical workspace, we contribute to your capital growth by facilitating innovation, inspiration, and collaboration. With professional support services, educational events, and a stimulating environment, ROC is where you and your company will grow. Our open-source work environment and friendly staff complete with private receptionists keep business running smoothly. ROC handles day-to-day operations and facility management so your company can focus on what it does best.

How to Stimulate Business Growth, According to the Experts

Posted by Joe Garza on 2014-06-18

Who doesn't want great advice? 

But with the plethora of knowledge out there, who has the time to keep track of which advice is the have-to-know's or must-do's?

We do!

By sifting through recent articles, guides, top ten lists, and infographics written by experts around the web, we've distilled the Top 3 pieces of advice that entrepreneurs need to know on a key topic. 

Featured across 8 sources, this week's topic focuses on growing a business.

1. Emphasize Customer Satisfaction.

Few would deny that customers are vital to a company's success, yet so many companies have failed because of a lack of customer retention, which is generally the result of poor customer communication. Babette N. Ten Haken , in an Entrepreneur article titled 4 Tips for Preparing Your Business to Grow, highlights the importance of maintaining connections with early customers: “Some early adopters will perceive that you have become ‘too big and famous’ to meet their ongoing needs. Create a strategy for maintaining contact with and reassuring your first customers that your success is founded on their belief in you.”

In another Entrepreneur article, 5 Ways to Grow Business Without Adding More Resources, Gregory Kennedy stresses the advantage of building a business through customer referrals: “Referrals are a simple way to grow a business. Asking customers for referrals directly is low-hanging fruit that everyone should take advantage of. It’s simple to develop a rewards system to encourage customer referrals.”

2. Know Your Market.

Knowing who you’re targeting your product or service to provides a multitude of benefits for a company looking to increase expansion. Check out what StartupNation has to say on the subject in an article on business growth: “Customers you currently cater to might be supplemented by an altogether different type of customer such as a younger one, a wealthier one, women vs. men, etc. You can also delineate different customer niches by behavioral and psychographic classification. For example, you may want to reach people who like hip-hop, or people who have long commutes to work, etc.”

3. Make Efficiency a Top Priority.

Efficiency is another overlooked ingredient in the recipe for expansive business growth. According to Grant Cardone, in an Entrepreneur article titled 5 Ways to Get Out of Startup Mode, an easy way to increase employee productivity is to create a sense of urgency for tasks: “Being an entrepreneur is a marathon activity with lots of sprints. Win a lot of little races and you will provide your people and company with momentum.”

In an Entrepreneur article, Mitchell Harper reiterates the importance of running an efficient company: “To grow a company, figure out what's keeping you from getting work done and then hack your schedule. Set aside blocks of uninterrupted time, hire someone to screen your calls and strap on your own CamelBak and get to work.”

While there are countless other strategies for expanding a business, these are just a few of the more important ones to keep in mind. Entrepreneurs must always be on the look out for new ways of stimulating business growth, and should not be afraid to take risks.

What do you think is necessary for business growth?

(plant on gold coins and graph them photo by Shutterstock)

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How to Stimulate Business Growth, According to the Experts

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