business team using a tablet

3 Common Reasons Your Business Has Hit a Plateau

Any
business – large or small – experiences seasons of growth and seasons of
stagnation. Sometimes, businesses take a hit right after a period of booming
sales. While reaching a plateau is highly frustrating, it’s not unusual.
Fortunately, there are steps you can take as a business leader to overcome
these roadblocks and drive the long-term success of your organization. Here’s a
look at some common reasons why your business has hit a plateau – and what you
can do about it:

You haven’t updated your business
plan

Many
leaders make the mistake of taking a “set it and forget it” approach to their
business plan. But as your business evolves over time, you should be adjusting
your plan, too. If you haven’t revisited your business plan in a while – or if
you never created one in the first place – now is the time to give it another
look. Take a step back from the day-to-day activities of running the business
and write down realistic goals, then update your strategy accordingly. A
well-written (and up-to-date) business plan is a great tool to help ensure you
and your team are on the same page.


Your business doesn’t stand out from its competitors

What
sets your business apart from the competition? If you don’t know the answer to
this question, chances are that consumers don’t know either. To stand out from
the crowd, your business needs to be different and memorable. Maybe it’s a
matter of offering an innovative new product or service or giving your current logo
and website a refresh. Or, perhaps you can reach customers through a new
channel by hosting an event or webinar. Look for ways that you can add value to
your customers’ lives, and your business is bound to get noticed.

Your team is stretched to the limit

No
manager wants their employees to be burned out, stressed, and overworked. But
with fewer resources, many businesses struggle with growing pains, which often
results in a plateau. One way to overcome staffing challenges is by outsourcing
business services to a third-party logistics provider. Routine tasks such as
product assembly, kitting, packaging, custom fulfillment, and warehousing can
all be outsourced to help your team save valuable time and keep up with the
growth in sales.

Looking
for local outsourcing services? At Ohio Valley Goodwill, our Industrial
Services Division helps businesses in Greater Cincinnati, Northern Kentucky,
and Southeast Indiana manage growth while maximizing resources. Our contract
labor solutions allow business leaders to simplify operations and lower
overhead costs, resulting in improved productivity and efficiency.

With a
large, diverse workforce, Goodwill Industrial Services provides assembly
services and kitting services as well as packaging and fulfillment. Unlike some
other outsourcing companies, Ohio Valley Goodwill operates without middlemen,
because we aren’t a company at all! We are a local, non-profit organization,
fueled by our social mission to provide meaningful employment to individuals
with disabilities. Businesses which partner with Ohio Valley Goodwill become a
part of our mission, contributing to the employment success and inclusion of
individuals with disabilities in our community.

Contact our highly qualified team of
B2B professionals to see what Ohio Valley Goodwill can do for your business
today and receive a free tour of our facilities.

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