How to make your micro business mighty?
Big success isn’t just for big business. We asked some of the
micro businesses we’ve supported for
their top tips for making a micro mighty. Here is what they
Do your research thoroughly first - market research, friends,
family, speak to everyone. What you think you know and what is
really out there are usually quite different. Then once you have
found your place in the market, go for it!
Maybee Glamping, Monmouthshire
Network! Network! Network! There are so many people out there
with all sorts of skills and connections to help your business.
Carreg Adventures, Swansea
Running your own busy can be daunting at first, but don’t let
that hold you back. If you really believe in what you are doing
then commit to it….feel the fear and do it anyway. Be strong and
decisive and don’t look back!
Hours Bookshop, Powys
Educate your customers!
We find that our customers like us to explain the mysteries of
their drainage, believe it or not, so it’s important to fully
engage and communicate with your customers. Don’t be mysterious,
customers are always interested in what you are doing for them.
CG Pearce Ltd (drain cleaning company),
Once you have launched, it is important to keep evolving while
staying focused on up and coming trends in your field. Keep
studying your competition and don’t be afraid to diversify your
business if you see an opportunity.
Chocci Cake, Newport
Target repeat customers!
Always aim for repeat business. It is absolutely true what they
say about being easier to sell to existing customers. Customers
like honesty and consistency, so set high standards.
Fight Fortress, Denbighshire
Build your business community!
Small businesses need to stick together. A network of local
contacts can be really helpful and it can be a great place for
sharing stories, challenges, opportunities and your vision. It can
also be a great way to engage with customers and help to spread the
Be prepared to change your plans - clear business goals are
essential but flexibility will help you achieve them.
Go Eco Glamping, Ceredigion
Don’t be fooled into thinking it’s all about the products and
services, It’s actually all about people and relationships.
Peninsula Property Management,
Plan for a rainy day!
Keep looking forward and do not rest on your laurels. You will
always have peaks and troughs, so forward thinking and planning for
a ‘rainy day’ is essential.
Finance Wales can help make your micro business
mighty range of loans from £1k to
here for more information.