5 back-to-school tips for small businesses

As the calendar turns to September tomorrow, school is on the horizon for students across the country. The relaxing days of summer are coming to an end, and it’s time to hit the books once again.

At CDP, we ‘ve got over 40 years of experience at running a business. As we move into a new season, here ‘s 5 back-to-school-inspired tips for small businesses that we ‘ve picked up along the way…

1.Do your homework

This means thoroughly researching your competition, financial options and target market, as well as a solid business plan.

2.Be top of your class

Providing exceptional service and going the extra mile for your customers can make all the difference in getting repeat business. Friendly, personal interactions will earn you a solid A in your clients’ minds.

3.Teacher knows best

Mentorship is extremely important for business owners. A mentor can help you set business goals, prepare for the future and tackle unusual problems.

4.You can’t be too prepared.

Remember when you moved into student halls and thought you brought  way  too much with you, only to discover that the extra screwdriver you packed came in handy midyear? Similarly, you can never be too prepared when it comes to running your business.  

5.Make new friends

Take every chance you get to reach out to other small business owners, whether it’s to get a few tips, do a small favour or just have a friendly conversation. You never know who might be able to lend a helping hand to you at some point down the road.