Retail Entrepreneur’s Guide to Small Business Growth

Retail Entrepreneur’s Guide to Small Business Growth

Are you asking yourself “How do I grow my small business?”. Wish you could find the right tactics for small business growth? The research team at SPS Commerce interviewed customers about what steps they took to build their business and discovered four common steps they each took towards becoming a successful business.

Struggling with how to grow a small business?

SPS Commerce understands the niche market of being a startup company. Our experts can show you the steps you will need to take to grow your business. We reached out to businesses that made the leap from entrepreneurs to a full-time business and discovered the four-step strategy to growing a business.

The strategies included in the Retail Entrepreneur’s Growth Guide are:

  1. Laying the groundwork Invest in product listings, solicit product reviews, improve shipping speed and expand product lines.

  2. Automate and outsource to remain focused Consider full-service EDI, logistics partnerships, and flexible packaging and fulfillment.

  3. Move from online to stores Start with small drop-ship orders, communicate EDI capabilities and be wary of tradeshows.

  4. Watch the bottom line and calendar Pay attention to retailer penalties (also known as chargebacks) and prepare for buyers category reviews.