Statistics have shown that more than 50% of small businesses fail within the first 5 years of operations. The success rate for small business entrepreneurs is very slim, and a number of factors contribute to this statistic. How can small businesses survive? What will you need to make your small business stand out?
Differentiation is one of the best ways you can do to make your small business stand out from the sea of competition. If you offer some kind of specialization that sets you apart, then you’re already one step ahead from your competitors.
So how do you make yourself stand out from your competitors? Here are a few helpful tips:
1. Deliver extraordinary service.Laura Click “10 Proven Ways to Make Your Business Stand Out From Competitors.”
2. Address customer pain points.
3. Do business differently than your competitors.
4. Focus on a narrow niche.
5. Create a powerful offer or guarantee.
6. Create a memorable culture.
7. Create a cause marketing effort.
8. Become a social business.
9. Be quirky and weird.
10. Surprise and delight your customers.
Finding ways to stand out is not a total guarantee of having a successful business. Many factors come into play in order for any business to grow and survive in the long run. In order for this to happen, making your brand memorable and special in the eyes of your consumers will be a big help to success.
Silicon Harbor Business Services is based in Mount Pleasant, SC. We provide solid, practical advice to small business owners and select individuals. We work with Quickbooks Online, Quickbooks Desktop and Quickbooks Enterprise.
For a complete list of our services, please click here. Reach out to our team of Business Consultants at Silicon Harbor Business Services in Mount Pleasant, SC if you have any questions about online bookkeeping or business consultancy. We’d love to hear from you!