Tag Archives: Business Growth

The Secret of Business Growth

19 Tuesday May 2020

Posted by in Général / General

≈ Leave a comment

Tags

,

Expand where it makes sense. Diversify, but do not dilute.

There are many different strategies that a company will pursue in order to achieve its business growth goals. These strategies might be: to expand on or add a new array of strengths, to explore unique territories, to strengthen competitive advantages, to explore untapped potential or brand licensing only to name a few.

Appropriate planning is necessary in order to make the correct move and without it, there can be major risks associated. These risks can include failing to realize the full potential of the core business, diversifying too far and too quickly and not redefining your core competencies once the growth has started. In addition to not planning a strategy appropriately are all these threats that are associated with not developing an approach for long-term growth.

Immediate growth can be very satisfying, but growth itself will peter out over time unless there is an effective and competitive long-term growth plan in place. The search for growth should not be at the expense of focus or relevance because a lack of either is potentially disastrous. It is imperative to have a deep-rooted understanding of which type of growth is best suited for your individual company.

The vast majority of growth comes from competing in the right markets and from making acquisitions that provide scale and increase market presence that will last over time. With a true understanding of the business comes the ability to step out of your comfort zone and seek new yet appropriate growth opportunities.

You are thinking about growing your business! Here are four key points to consider: Understand yourself as a company and thrive off of what you are good at; have a plan to grow for now and for the future; expand where it makes sense, diversify, but do not dilute and strive to be a part of something bigger.

JMD

Free Speech Absolutist, Personal & Corporate Fixer

Michel Ouellette JMD, ll.l., ll.m.
Systemic Strategic Planning / Regulatory Compliance / Crisis & Reputation Management


Skype: jmdlive

Phone: 1. 613.539.1793

Email: jmdlive@live.ca

Web: https://www.jmichaeldennis.live/


Michel Ouellette / J. Michael Dennis is a Former Attorney, a Trial Scientist, a Crisis & Reputation Management Expert, a Public Affairs & Corporate Communications Specialist, a Warrior for Common Sense and Free Speech.


Follow JMDlive on:

JMD Live Online Business Consulting, Twitter, LinkedIn, Facebook, Mastodon, Tumblr, Instagram, jmichaeldennis.ca

Growing Your Business in Difficult Times

18 Monday May 2020

Posted by in Général / General

≈ Leave a comment

Tags

,

“There are 2 questions entrepreneurs must ask themselves at least every 90 days to ensure business growth in difficult times”

There is light at the end of the tunnel

Let’s face it. Scaling your business is hard. It takes considerable effort. In the beginning, it means wearing different hats. It means dealing with sales and marketing. It means understanding taxes and corporate compliance. It involves having to interact with customers on a daily basis. And so much more. At the end of the day, it takes a toll on you and this is even more obvious in difficult times or situations.

If you are struggling to grow your business or only trying to ensure its survival there is light at the end of the tunnel. If you only buckle down, clear your mind, and just take the time to look at things in perspective, you can easily identify ways you can either grow or save your business and make more money quickly even in difficult times. There are loads of ways to grow a business quickly and efficiently no matter the hard times ahead.

Two questions to ask yourself

In these difficult times, to either ensure the business growth of your business or its mere survival, there are two questions you must be asking yourself: “What have I done in the last 90 days that is bringing in results?” “What have I done in the last 90 days that is not bringing in results?”

Be honest in your assessment so that you really gauge where things are going and where they need to go. Look back over everything you did over the last 90 days: branding, marketing, advertising, promotions and everything else you may have done and, determine whether these things helped your bottom line, did nothing for it or even hindered it. Not doing so could be holding you back from growing your company. Based on your honest answers, instead of sticking to your routine of just working harder, start doing more of what is working and stop doing what is not working.

As a business owner there is no doubt that you did get into routines and a lot of those routines, rather than actually doing something to make things better or further your business success, are just helping and contributing to maintain the status quo.

Rather than just doing the same thing over and over, no matter where you are with your business, you can always benefit from getting in the routine of asking yourself every 90 days: “What have I done is bringing in results?” “What have I done that is not bringing in results?” Getting in the routine of doing this evaluation every 90 days and acting from the results you learn will definitely help you keep your business on the right track whatever the hard times or the situation.

If you are struggling to grow your business, there is light at the end of the tunnel. In the next pages, we will look together to The Best Seven Possible Ways to Make Your Business Thrive in tough economic times and the most successful core business strategies that are susceptible to truly make a real impact on your bottom line and take your business to the next level quickly and efficiently.

Michel Ouellette JMD, ll.l., ll.m.
Systemic Strategic Planning / Regulatory Compliance / Crisis & Reputation Management

Skype: jmdlive

Phone: 1. 613.539.1793

Email: jmdlive@live.ca

Web: https://www.jmdlive.info/

Michel Ouellette / J. Michael Dennis is a Former Attorney, a Trial Scientist, a Crisis & Reputation Management Expert, a Public Affairs & Corporate Communications Specialist, a Warrior for Common Sense and Free Speech.

Follow JMDlive on:

Twitter,  LinkedIn, Facebook, Mastodon, Tumblr, JMDlive.com, Instagram and JMD Systemics