12 Nov 2024

Klosebuy On How Small Businesses Can Fuel Growth by Taking Smart Risks

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As we look ahead to 2025, growth remains top of mind for small businesses and, where every dollar counts, decision-making can be challenging. Owners often weigh risks carefully, and understandably so. Each choice—whether it’s taking on a new expense or adopting unfamiliar technology—can impact cash flow, a critical lifeline for any business. Yet, in today’s digital era, there’s also a risk in staying still. While adopting new tools and software can feel daunting, opting out of them entirely may be slowing growth and holding back expansion opportunities.

The good news? There’s a practical way forward: using DIY software such as Klosebuy to take low-risk steps toward acquiring and retaining customers for the growth of your business.

Why Small Businesses Are Hesitant to Take the Leap

It’s no surprise that many small businesses are cautious about adding expenses, particularly recurring ones. Small businesses operate with tight budgets, unlike larger companies, so even a seemingly minor expense can have a notable impact. For example, a monthly software fee of $20 or $50 may not sound like much, but for a business with narrow margins, these costs add up.

But as Seth Godin, a respected author and entrepreneur, says, “Playing it safe is very risky.” Staying stagnant in a competitive environment can mean missed opportunities, potential losses in customer engagement, and slower business growth. The hesitancy is valid but balancing that caution with calculated steps forward can lead to significant gains.

Start Small with Free Trials and DIY Tools

One of the best ways to approach this is to dip your toes in without committing immediately. Many reputable software providers offer free trials, allowing you to explore how the software might fit within your business. Whether it’s an accounting platform, customer relationship management (CRM) software, or a marketing automation tool, these trials allow you to experience the features before you buy.

A key advantage of DIY software is its user-friendliness. Often, these tools don’t require specialized training or a technical background, making them ideal for small businesses. You’ll get a hands-on feel for how the software works, which will help you determine if it aligns with your specific needs.

Consider this: instead of adding a suite of tools all at once, select one that addresses an immediate need. If your business struggles with organizing customer information, try a CRM. If you find it challenging to create social media posts regularly, try a scheduling tool. Starting with one area and seeing the positive results will build confidence to make other improvements over time.

Why Upgrading Tiers Requires Careful Consideration

Many businesses are eager to “go big” once they find a tool they like, moving up to the next software tier for more advanced features. But this approach can sometimes lead to overspending on features that aren’t immediately useful. To prevent unnecessary expenses, first make sure you’re getting the most value out of the tool’s basic functions before upgrading.

Take the time to assess the features of each level. Does the next tier offer options that directly benefit your current growth stage? Or is it more geared toward a business several years ahead of you? As you explore DIY software, ask yourself these questions to ensure that each dollar spent aligns with the needs of your business.

For instance, Klosebuy provides a loyalty-building platform that helps small businesses gradually build customer engagement. The platform offers four tiers: Free, Lite, Standard, and Pro. Each tier is designed to align with different stages of business growth, allowing owners to start with essential features and scale up as their needs evolve. This strategic tiered approach ensures that businesses can access the tools they need without overcommitting resources. (klosebuy/pricing.com)

Calculated Risks Are Essential for Growth

It’s worth noting that without calculated risks, growth is unlikely. Jeff Bezos once said, “If you double the number of experiments you do per year, you’re going to double your inventiveness.” In business terms, this means taking the leap to try out new software, systems, and approaches, which often results in new ideas, processes, and innovations that give you a competitive edge.

Yes, every new expense must be weighed carefully, but in an environment where competitors are increasingly leveraging technology, opting out may mean losing ground. Small businesses can gradually integrate tools that fit their needs without stretching their budgets by taking advantage of free trials, testing DIY software, and making well-considered decisions.

Growth Demands Action

No one wants to feel they’re taking a gamble with their business but avoiding tools that can support growth could lead to the risk of becoming irrelevant. Start small, make use of free trials, and test what works. Over time, these decisions—each one taken carefully and with purpose—will build momentum toward the growth you’re seeking.

As Seth Godin wisely reminds us, “Playing it safe is very risky.” Every dollar is a decision for small businesses, but each decision can also be an opportunity. Embrace the chance to evolve and remember: sometimes the riskiest move is staying still.

Get Started now and get your free trial at klosebuy.com.

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