How to boost your business turnover
Business case studies give their top tips to revenue growth.
According to a recent study, UK small and medium-sized businesses are predicting an average increase in turnover of 37 per cent over the next five years.
But what are the methods you can employ to increase the top line? More than a quarter (27 per cent) of respondents in the survey say they are focused on introducing new products, while nearly a fifth (18 per cent) report they are looking to hire new staff, compared with 12 per cent who are prioritising this in 2014.
International expansion is another goal for revenue growth, with nearly one in five (18 per cent) describing trading overseas as the ultimate aim for their business compared with 6 per cent in 2014.
In this guide, we explore how some of these methods worked in practice for real companies, from sole traders to larger businesses with scale plans, offering guidance on how you can do the same.