3 Paths to Business Growth

Starting a business involves time, money, sweat, and tears – and once it takes off, you should expect more of the same.  As you continue your business growth planning, there are many different growth paths to choose from. Depending on the type of business you own, there are several paths for you to analyze to determine if they can be effective for your business.  Here are three paths for you to consider:

Read more

How to Easily Cut Costs in Your Business Without Looking Like a Jerk

Cut costs

Although not normally a popular topic with employees and clients, cutting costs in a business is necessary to trim waste and eliminate excesses. Knowing how to cut costs in your business in a way that encourages growth and fosters employee cooperation is the key to business success. We’ve got a few easy ways you can do this without looking like a tight-wad in the process.

Read more

6 Tips for Business Growth Planning

You already know a plan is necessary for any successful business to grow and succeed. You may have shelved your business plan after the first year or two of operations. Now it’s time to shake the dust off of the original plan and think about business growth planning for the future of your business.

Where do you want to go and how do you want to get there?

Planning for your business’s growth is strategic in nature. You must consider your short term and long term goals while considering current trends, possible future trends, and the current state of your business. Keep these ideas in mind while planning your business’s growth:

Read more

What is Business Growth Planning?

What is business growth planning? 

Business growth planning is the smart way to approach managing your business. Every aspect of running your business is looked at closely; considering every detail. Using simulated models, you are able to look at a virtual version of your business growing into the future. What are the challenges and pitfalls that you will face? How can your business be prepared to face the challenges of the future while maintaining positive growth?

Why does every business need business growth planning?

The real question is not if, but when challenges will arise. Every business – just like every teenager – faces growing pains. If you are the CEO, who will be your metaphorical “parents” holding your hand, guiding you into the next stage of your evolution? Business growth planning is just the guiding voice that you will need. A sound and responsible plan will keep your business on the right track and it will help you avoid the pitfalls that so many businesses fall into during critical transitions.

The other reasons it is so important to have a business growth plan are time and money. Backtracking over a mistake is costly in more ways than direct revenue – there is lost market confidence, lost customers, and lost time. No matter how big your business gets, you can’t afford to lose those precious assets for which you have worked so hard.

Remember, running a business successfully does not need to be complicated.  Keep it simple!

For more information on business analysis, business planning, and ways to grow your small business profitably, please check out our website.

Sign up for our weekly blog email update to stay tuned for details on our upcoming teleseminar for maximizing profits in your business.