5 Steps for Successful Business Growth
The following five steps will determine your road map to successfully progress positive development towards achieving robust, timely, profitable business growth.
1 Complete a concise business plan including;
Defined Specific, Measurable, Realistic, Timebound (SMART) objectives
The essential tasks required to achieve each objective and who is responsible for working on them
A Strengths, Weaknesses, Opportunities and Threats (SWOT) analysis
Risk analysis
A simple cash flow projection
2 Define your marketing strategy listing online and offline activities, platforms, a clear, unique selling proposition (USP), your target customer profile(s) and their pain points/problems to be addressed, competitor analysis, your pricing policy and guarantee
3 Identify and address any staffing issues
4 Identify the training and instil the required capabilities that will sustain the defined growth path
5 Provide the accountability and feedback that will ensure consistent, positive progress
The rate of progress towards achieving the defined objectives is determined by your availability and commitment to the process.