When a new year starts there is a sense of new beginnings and an urge to break new ground, either in an existing business or one you want to start. As a result, we have put together a few tips to help you grow your business this year.

Business Plan Review: No business was started without a plan – a set of guidelines that dictates the flow of your business as well as the growth trajectory you aim to achieve. It is a new year and a new decade. You are due for a review of the plan you mapped out when you started your business. This way you can look back on the things you have achieved in the past while planning the next steps you want to take. 

Better Customer Service: According to a 2018 article by Forbes “…when customer service gets done right, it can tremendously boost a company’s bottom line.” This encapsulates the importance of stellar customer service. Your customers are at the center of your business and without them your service would be useless. Making sure that your clients get the best out of your service at every opportunity is one of the best ways to make the most out of your business this year. 

No Capital is too Small:  Adenike Ogunlesi, the founder of children’s clothing brand, Ruff n Tumble, was a producer of women’s clothing who needed pyjamas for her children. She decided to enlist the help of her mother, who also made clothes. From making pyjamas for her own children with ankara and adire, Ogunlesi soon started to make the same clothing for children from other families. Slowly, her business grew from selling from her home and out of the boot of her car to Nigeria’s foremost children’s fashion retailer with stores in different locations around the country. The story of this business is one that inspires. It is a lesson in seizing an opportunity and making the most of it, despite small capital. You can make the most of the resources available to you at this time and in a while that little could grow into something great. 

Bringing this home, we understand that the initial FairMoney loan offer you receive may not be satisfactory and that you may want more on your first application. At the risk of sounding cliché, everything big started small and this also applies to our friendship with you. In the month of December, approximately 80% of our customers were repeat customers. Most of them have been able to unlock higher loans, as they are regular users of our services. Become one of these long-term customers and grow your relationship and business with us, one loan at a time.