Business Growth
Once your business is established and is generating cashflow, it’s important to have a plan in place to create and manage growth. Ideally, you will have structured your business and crafted your business processes to make them easily scalable, but if not you will need to explore the most efficient and safe ways to effectively expand your operations. Growth necessarily has two elements; growth in business done and scaling the infrastructure to service that business. In a service business, this will likely mean attracting more clients and adding
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Develop and maintain effective partnerships that wll help you grow and thrive.
Fundamentally change how you operate and deliver value to customers with digital technology
When merging with another company, acquiring a new one or undertaking an internal restructure
Assess market trends and give your business a competitive edge to succeed.
Identify, assess and manage a wide range of risks and threats that could harm your business.
Devise a strategy that will maximise your sales and generate a higher ROI.
From brand strategy to customer and go-to-market strategy
Identify weak areas in your business and develop a strategy for improvement
Develop an actionable plan to achieve your long-term business goals
Create innovative business ideas that can be monetised and keep your business current.
Successfully retain customers with customer and brand loyalty initiatives.
Get expert advice to hit the ground running in your new business venture.
Create and develop new products and services or refine existing offerings.
Refine your ideas and develop a robust and viable business plans
Identify your strengths, weaknesses and find solutions for complex business challenges
Find the best capital funding opportunities that will give your business the resources it needs.
Map out your long-term growth plan and develop strategies to achieve your goals
With a clear vision I then recommend engaging the employees to form a team with weekly meetings to ... expand
In what industry sectors do you see the greatest growth for SMEs?
In what industry sectors do you see the greatest growth for the small and medium size businesses?
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Great question Todd. Love to hear from members of the SavvySME community on how they are seeing their business growing in 2013 and what challenges and opportunities they are faced with.
How do you build a repeatable business model?
In an online world, what strategies would one employ to keep users engaged and coming back to your site?
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Recently I read about building different business models. On this site there is a section about business, if you are interested, you can find. There are many useful tips. There are many different headings, I sometimes read until midnight, I can not tear myself away
My favorite, oldest and most successful client, has grown his business continually for 12 years now and he's turning over something like $ 30 million now, but he grows slowly and steadily... he has 8 stores now, and in ... expand
When you are content with the amount of time vs financial gain that you return.
In my case, it's using the profit to buy assets that give me a passive income.
This in turn gives you choice.
What was the one thing responsible for catapulting your business growth?
Looking back in hindsight, What was the one thing that helped you go from great to incredible? What do you feel was the one thing that made you reach that turning point?
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For me it would be plain and simple - Listen to your customers!
Once I started to not just hear my customers, but sit down and listen, help them and find a solution, my business catapulted. I find joy in helping people, this is the greatest reward, however in doing this, my business grows as well.
