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3 Ways a Strong Brand Reflects a Strong Company

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3 Ways to Build A Strong Brand for your business

A strong brand goes beyond a customer’s perception of a company. A brand reflects your business’s values and principles and emotionally connects the customer to your services and products. Here are three ways that a strong brand expands to all levels of your company:

1) Transcend the Logo

Your brand’s image emotionally ties your customer to what your company’s products. Imagine Coca-Cola’s white curly script on a red backdrop. The logo evokes a sentimental feeling and has become a universal symbol of joy, laughter, and togetherness.

When a customer sees a brand’s image, they live through the memories that come from using the product.  By affecting the way consumers feel, your brand becomes a valuable asset in determining the way people experience your company’s products and services.

2) Motivate Employees

People want to stand united behind strong values. A brand represents your company’s guiding principles and inspires your employees to create a better workplace. The way your employees feel about their work environment reflect the internal attitudes of the company. Your employees serve as ambassadors of the brand and can make or break a customer’s experience.

3) Leave a Lasting Impression

Your brand promises your customers that they will receive the same professional standard every time they make a purchase. For example, some people simply cannot function without their daily coffee, and so the image of the Starbucks’ Siren has become a savior to many exhausted individuals driving to work in the morning. The customer trusts the service associated with the brand leading to a reverberating effect of spreading your company’s values into the daily life of your customers.

A brand isn’t just a marketing tool to help your customers remember your products and services. It is the heart and soul of what your company can contribute to the community. Keeping this in mind will help you create an attractive company for your customers and employees.

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

For more interesting topics to help you successfully manage the challenges of growing your business profitably, please search our blog at our website www.portalcfo.com.

 

How Business Analysis Can Help You Grow Your Business

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A lot of business owners hesitate about using the services of a business analyst because they do not see the value of this service. The right business analyst can help you organize your business more efficiently, generate more sales, boost your profit margins and avoid issues. If you are still unsure about whether or not you need help from a business analyst, keep reading to find out how you can benefit from this service.

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Innovation and Business Analysis

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Business analysis uncovers small details for development through innovation to make substantial operational improvements. Improvements made in finances, marketing, research, relationship building, and resource management happen by adapting common strategies to unique situations. These strategies provide a blueprint which businesses use to construct a long-term solution. Innovation is a key factor in constructing a working, long-term solution, and business analysis collects all the information usable to the process.

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3 Strategies for Business Growth

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To build a business strategy for a company’s intensive growth, you need to attain maximum results with minimal risk. This means that, if you want your company to grow at a fast pace, you will want to start small. Taking one step at a time can help you make more calculated decisions for your business.

Now, let’s talk about three strategies that can help you achieve business growth.

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How Acquisition Can Grow Your Business

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Acquisition is one way many companies have been able to grow their business. Yahoo! is a perfect example of a company that constantly reaches out to new markets with this method. They’ve acquired blogging platform Tumblr, photo storage website Flickr, and video ad company Brightroll.

It is important to keep in mind though that the success of an acquisition depends on its terms, whether or not it is a good culture fit, and the scope of the acquired company’s audience. No matter what strategies you decide to implement for your own acquisitions, make sure they’re right for your company.

Now, let’s talk about some acquisition-based growth strategies you can get started with. They are called horizontal, backward, and forward strategies.

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Diversifying your Market for Business Growth

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Diversifying your market can broaden your target audience and give you greater presence in your industry.  When a business comes to a certain point in its growth, diversifying its products and services as well as forging new alliances can go a long way. To help you get started with planning your own business growth, here are three ways to go about it.

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3 Paths to Business Growth

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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:

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

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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.

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6 Tips for Business Growth Planning

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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:

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What is Business Growth Planning?

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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.

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