The Entrepreneurs Weekly
No Result
View All Result
Saturday, August 9, 2025
  • Login
  • Home
  • BUSINESS
  • POLITICS
  • ENTREPRENEURSHIP
  • ENTERTAINMENT
Subscribe
The Entrepreneurs Weekly
  • Home
  • BUSINESS
  • POLITICS
  • ENTREPRENEURSHIP
  • ENTERTAINMENT
No Result
View All Result
The Entrepreneurs Weekly
No Result
View All Result
Home Business

3 Business Basics to Remember in 2024 | Entrepreneur

by Brand Post
February 15, 2024
in Business
0
3 Business Basics to Remember in 2024 | Entrepreneur
152
SHARES
1.9k
VIEWS
Share on FacebookShare on Twitter


Opinions expressed by Entrepreneur contributors are their own.

The digital world is obsessed with trends. Trending videos, sounds, images, backgrounds — you name it. Trends change overnight and without notice; act quickly or you’ll be left in the dust by the algorithm.

As much as capitalizing on a successful trend can lift your business, many small and medium-sized businesses (SMBs) would benefit from shifting their attention from Hail Marys to the basics of business building. These are principles that no matter the social media platform, algorithm or brand, don’t go out of style. They were here yesterday, and they’ll be even more valuable tomorrow.

Let’s dive into a few of the basics that will benefit every SMB in 2024.

Related: The 5 Fundamentals for Growing Your Startup

1. Responsiveness

We all have that friend who leaves us on “read” for days at a time. We may act like it doesn’t hurt our feelings or impact our relationship, but it does.

It’s no different in business. Responsiveness to your customers shows respect and prioritization to them. By responding quickly to their needs, you let them know that they will be taken care of and that their problem is your problem. This will naturally benefit retention.

“One of our company core values is “radically serve others” and all of our customer-facing teams truly take this to heart. This is more than evident when we review our weekly metrics and see our average customer response time low and customer satisfaction rating high every week,” shares Jerry Tsai, President of Acceptd.

Make this a company value by putting metrics around response time. This can include how quickly your team responds to emails, customer service requests or phone calls.

2. Be a person

Hard to believe this qualifies as advice in 2024, but with everything digital, automated and AI-powered, you’ll find customers are, more often than not, sick of talking to a robot — or even worse, a customer service rep with the personality of one.

Last year while working in operations for a startup, I handled customer service requests for about a month. My responses were quick and not overly formal, clearly written by a human being. You’d have thought I was curing the world from all its pains based on the feedback I received from people.

I also found it interesting that people were far more respectful and reasonable, given that it didn’t feel like they were talking to a customer service representative as much as they were a person who was here to help them.

Teach your team that, as much as professionalism matters, so does coming across as a real person who wants to help people. Measure the success of your customer service interactions with a survey to understand how one method of engagement might be better than another.

Of course, this recommendation does come with caveats. Being personable doesn’t cover unprofessional, inappropriate or unhelpful support.

Related: 5 Ways to Show Your Customers You Understand Them in a Digital-First World

3. Follow up

We’re always looking for the next best thing. And with that comes forgetting about leads or prospects that fell through the cracks. If you’re not systematically following up with prospects, you’re losing business.

“People are doing more research than ever and earlier than ever, meaning they might not be ready to move forward when they initially reach out. We found that ⅓ of our leads weren’t converting for 2+ months after their first inquiry. That shows the power of following up even months after their first contact,” says Oakwood Management CEO Keith Jones.

If your business is digital-first, extend your automated email sequence another month or two. If your business is lead-generation, this means setting up reminders to call and email prospects until you know they’re not in the market for your service anymore.

“Prospects often have many different priorities, and knowing that you care enough to check in with them regularly goes a long way in establishing trust,” adds Sriharsha Guduguntla, Hyperbound CEO.

Trust is developed over time — one reason why following up weeks or months down the road can be such a high-value investment. It shows prospects you are diligent and process-oriented. Bonus points if you can personalize your outreach as much as possible so they know you care and remember their specific circumstance.

Related: 4 Insane Truths About Failing to Follow-up

These tips won’t take your business to the moon or help you go viral. They aren’t talked about on social media by influencers or business gurus. They have been lost in a sea of distractions and trends that pop up one day and disappear the next. That’s the biggest benefit of following these tips. They are so rare that you instantly distinguish yourself from your competitors by getting the basics right.

Do the basics at a high level for long enough, and you’ll see the results compound through higher retention, better conversion rates, more word of mouth and a stronger business foundation.

From there, you’ll find you may not even need to chase the latest trends to be successful. Simply focusing on serving your customers is unique enough to achieve success.



Source link

Tags: BasicsBusinessBusiness CultureBusiness processCustomer ServiceentrepreneurEntrepreneursGrowing a BusinessGrowth StrategiesLeadershipRememberSuccess Strategies

Related Posts

I Asked ChatGPT’s New Agent What to Post Next — It Got 50,000 Views in 48 Hours | Entrepreneur
Business

I Asked ChatGPT’s New Agent What to Post Next — It Got 50,000 Views in 48 Hours | Entrepreneur

August 9, 2025
Apple CEO Tim Cook Says He Wants to Buy Startups | Entrepreneur
Business

Apple CEO Tim Cook Says He Wants to Buy Startups | Entrepreneur

August 8, 2025
Elon Musk Warns: OpenAI Will ‘Eat Microsoft Alive’ | Entrepreneur
Business

Elon Musk Warns: OpenAI Will ‘Eat Microsoft Alive’ | Entrepreneur

August 8, 2025
  • Trending
  • Comments
  • Latest
Meet Amir Kenzo: A Well Known Musical Artist From Iran.

Meet Amir Kenzo: A Well Known Musical Artist From Iran.

August 21, 2022
Behind the Glamour: Bella Davis Opens Up About Overcoming Adversity in Modeling

Behind the Glamour: Bella Davis Opens Up About Overcoming Adversity in Modeling

April 20, 2024
Dr. Donya Ball: Pioneering Leadership Solutions for Tomorrow’s Challenges

Dr. Donya Ball: Pioneering Leadership Solutions for Tomorrow’s Challenges

May 10, 2024
Nasiyr Bey’s Journey from Brooklyn to Charlotte: The Entrepreneurial Path to Owning a Successful Cigar Lounge

Nasiyr Bey’s Journey from Brooklyn to Charlotte: The Entrepreneurial Path to Owning a Successful Cigar Lounge

August 8, 2024
Augmented.City Startup Developers Appeal To US Politicians With An Open Letter

Augmented.City Startup Developers Appeal To US Politicians With An Open Letter

0
U.S. High Court Snubs Challenge To State And Local Tax Deduction Cap

U.S. High Court Snubs Challenge To State And Local Tax Deduction Cap

0
GOP Lawmaker Blames Biden For Russia-Ukraine War: Putin ‘Could never have Invaded’

GOP Lawmaker Blames Biden For Russia-Ukraine War: Putin ‘Could never have Invaded’

0
Brad Winget’s Tips and Tricks on Having a Career in Real Estate

Brad Winget’s Tips and Tricks on Having a Career in Real Estate

0
I Asked ChatGPT’s New Agent What to Post Next — It Got 50,000 Views in 48 Hours | Entrepreneur

I Asked ChatGPT’s New Agent What to Post Next — It Got 50,000 Views in 48 Hours | Entrepreneur

August 9, 2025
Apple CEO Tim Cook Says He Wants to Buy Startups | Entrepreneur

Apple CEO Tim Cook Says He Wants to Buy Startups | Entrepreneur

August 8, 2025
Elon Musk Warns: OpenAI Will ‘Eat Microsoft Alive’ | Entrepreneur

Elon Musk Warns: OpenAI Will ‘Eat Microsoft Alive’ | Entrepreneur

August 8, 2025
Sweetgreen Layoffs: Cutting Support Staff, Ripple Fries | Entrepreneur

Sweetgreen Layoffs: Cutting Support Staff, Ripple Fries | Entrepreneur

August 8, 2025

The EW prides itself on assembling a proficient and dedicated team comprising seasoned journalists and editors. This collective commitment drives us to provide our esteemed readership with nothing short of the most comprehensive, accurate, and captivating news coverage available.

Transcending the bounds of Chicago to encompass a broader scope, we ensure that our audience remains well-informed and engaged with the latest developments, both locally and beyond.

NEWS

  • Business
  • Politics
  • Entrepreneurship
  • Entertainment
Instagram Facebook

© 2024 Entrepreneurs Weekly.  All Rights Reserved.

  • About Us
  • Advertise
  • Contact Us
No Result
View All Result
  • ENTREPRENEURSHIP
  • ENTERTAINMENT
  • POLITICS
  • BUSINESS
  • CONTACT US
  • ADVERTISEMENT

Copyright © 2024 - The Entrepreneurs Weekly

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In