Ahmad Ashkar’s Proven Tips to Grow Your Business
Owning a business is exciting for many reasons—you get to be your own boss, work with inspiring people, set your own schedule, and turn your passion into a career. But as rewarding as it is, running a successful business is far from simple. Business expert Ahmad Ashkar shares key strategies that can help your venture thrive:
- Leverage
Trade Shows
Trade shows bring together audiences who are already interested in your type of product or service. They’re a powerful way to generate leads, build connections, and significantly boost your bottom line. - Expand
Beyond Local Markets
Start locally, but always look for opportunities to expand your reach. Go online, open stores in new locations, acquire other companies, use social media, form strategic partnerships, and grow your presence through your website. - Grow
from Niche to Mainstream
Once your product or service gains traction in a niche market, you can leverage that credibility to appeal to larger, mainstream audiences. Many popular products—like branded apparel, home appliances, and smartphones—started by targeting a focused customer base before expanding widely. - Control
Costs Wisely
Cutting unnecessary expenses directly improves profitability. While you shouldn’t cut costs across the board, you can target areas like electricity usage, waste reduction, administrative costs, and other indirect expenses. - Consider
Franchising
Franchising can be a great way to scale your business, especially if reaching all potential customers directly is challenging. It allows you to grow your brand while sharing operational responsibilities. - Have
a Clear Business Plan
A well-defined plan is the foundation of any successful business. While strategies may evolve, clarity of direction is essential. Communicate your vision clearly to investors, employees, and the public. - Stay
Balanced Through Highs and Lows
Business brings both successes and setbacks. Don’t let wins make you overconfident, and don’t let failures discourage you too soon. Learn from mistakes, celebrate achievements, and stay focused on your long-term goals.
About Ahmad Ashkar
Ahmad Ashkar’s learning programs, startups, and companies are recognized
globally for their innovation and impact. In 2018, one of his initiatives was
named “One of the World’s Most Innovative Companies” by Fast Company.
In 2019, he was listed among the Gulf Business Top 100 Most Powerful Arabs,
and the same year, USA Today recognized an F&B brand he founded as
one of the best in the United States.
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