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Entrepreneurs – Want To Grow Your Successful Business Into A Much Larger Business?
Written by:Article Overview: What can a larger small business do to break through that plateau phase that most of us hit? If you have good annual sales but feel like it's time to grow larger. Should you be pouring lots of money in to marketing? Or should you up production? Or is there something else you can do?
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Entrepreneurs – Want To Grow Your Successful Business Into A Much Larger Business?
First of all congratulations on establishing your business and being ready to reach the next level – which is often the more difficult stage where some fall foul of their ambitions. This is really a situation where we would you should to sit down with your advisors and discuss your specific business but here are some areas that you should be looking at:
1. Expand into other geographic areas. Do you have customers that are regularly coming to you from a specific area – if so look at placing an outlet there?
2. Expand your product range. Are you regularly asked for something you don’t do? Do some of your customers make do with what you can provide them with? Do you see and opening for another service or product? If you research and plan how to meet these needs?
3. Become more efficient. Have you become a little lazy in your processes and procedures? Is what you are doing fine when you are small, but a little cumbersome now? Small changes and improvements can sometimes pay big benefits – ask your staff who are close to the methods what they suggest.
4. Review your prices and profits. Are they in line with your peers and competitors?
5. Improve your marketing. Is there something you want to tell people about your business or products? Are you reachable via your website, email and free phone? Have you made a press release lately? Do you have a marketing strategy?
You need to sit down, with or without an external consultant, and produce the following:
1. Your business plan for the next 3 years, showing your business strategy, what you wish to sell, to whom and for how much and how you want your business to be perceived by your customers, peers and competitors.
2. Your marketing and advertising strategy. How much you have to spend, on what and to whom you wish to sell. You should identify what makes you unique and what your company brand looks like.
Remember a planned well thought out expansion and good luck.
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Related Forum Posts
My entry
- 1. The Best Business Books Ever: The 100 Most Influential Business Books You'll Never Have Time to Read
- this is a fascinating book about the history of Business theory, and I'd recommend it to anybody.
2. The Big Book of Small Business: You Don't Have to Run Your Business by the Seat of Your Pants, by Tom Gegax. Ditto.
3. PADI: The Business of Diving Book
Okay, so this book won't be of use to anyone who doesn't want to start a scuba store, but I did, and this book was of course invaluable to me in reaching that goal.
Exclusive: Interview with Results
- Hi Forum Members,
I'm helping start up a Business Coaching and Consulting company here in Toronto, Ontario, Canada (a Subsidiary of RSC Business in Los Angeles).
As a Research and Development Intern I am required to practice my listening and interview skills by surveying Small and Medium Businesses on thier Business.
This Survey is designed by RSC Business to also assist the Business being interviewed more insight into their own business.
I am looking to interview about 30 businesses across North America over the span of 3 months.
At the end of these interviews I will be publishing a report of the results and they will be made available for free to the Interviewees. The Report data will include responses from a minimum of 100 interviews.
I would like to extend this opportunity to members of the Forum.
If you would like to have this short 20-30 minute interview conducted on your Business and you reside in North America please send me an email or PM.
Please contact me at andy[at]jvprosperity[dot]com to arrange our interview and to get free access to the results when they are published.
Elevator Pitch in 10 Words
- "Winning Business Design For Aspiring Entrepreneurs Based On Their Idea"
Re: HOw to market a B2B consulting company
- [quote="zohahunt77":428owzbi]Hi, I was wondering if anyone can tell me the difference between B2B and B2C. I don’t know about b2b marketing but I have done marketing so know things about it. I will suggest you to take online services which will spread your business all over web network. Online marketing is the best way to market any business.[/quote:428owzbi]
B2B = Business to Business - You are marketing to other businesses.
B2C = Business to Consumer - You are marketing to consumers.
Books for Women Entrepreneurs
- There's a thread for good books in the Resources folder, but it doesn't target books for businesswomen particularly, so I figured I'd start such a thread here.
It doesn't matter how successful you are in your business - it's always possible to learn something new.
In subsequent posts I give Table of Contents and brief descriptions for various titles - most of them devoted to the businesswoman - and sometimes a review. If anyone else has read a review, or has read the book and found it useful, please comment!
1. The Old Girl's Network
2. Mother's Work
3. The 7 Greatest Truths About Successful Women
4. Pitch Like A Girl
5. Workplace Warrior
6. Treasure Hunt: Inside the Mind of the Modern Consumer
7. Contingency Planning & Disaster Recovery
8. She Wins, You Win
9. Napoleon On Project Management
10. Why Good Girls Dont' Get Ahead, But Gutsy Girls Do
11. Comeback Moms: How to Leave Work, Raise Children, and Restart your Career even If you Haven't Had a Job in Years
12. The One Minute Millionaire
13. Talking From 9 to 5
14. Soloing: Realizing Your Life's Ambitions
15. 101 Best Home Based Businesses for Women: Everything You Need to Know About Getting Started on the Road To Success
16. Work With Passion: How to Do What You Love for a Living. Revised and Expanded
17. Fail-Proof Your Business: Beat the Odds and be Successful
18. Confidence: How Winning Streaks and Losing Streaks Begin and End
19. Women Don't Ask: Negotiation and the Gender Divide
20. Millionaire Women Next Door: The Many Journeys of Successful American Businesswomen
21. Start Small, Finish Big: Fifteen Key Lessons to Start - and Run - Your Own Successful Business
22. Rewired, Rehired or Retired: A Global Guide for the Experienced Worker
23. The Martha Rules: 10 essentials for achieving success as you start, build or manage a business
24. The Essentials of Entrepreneurship: What it takes to create Successful Enterprises
25. Net Ready: Strategies for Success in the E-conomy
26. The Promotable Woman
27. Leave The Office Earlier: The Productivity Pro shows you how to do more in less time and feel great about it
28. The Work At Home Balancing Act: The professional resource guide for managing yourself, your work, and your family at home
29. Secrets of Six-Figure Women
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by: Jim Clemmer, Leadership Training and Consulting
Lesson #3: “Tell ‘em quick and tell ‘em often”
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