Growing a Business

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GROW-A-BIZ

    After a successful business launch, the next phase is growing your business. Learn the most effective ways to diversify a business and to launch a new business that complements your existing business.

    Growing a Business

    Why Business Leaders Need a Vegas-Mindset to Successfully Grow

    By Professors Ed Hess and Jeanne Liedtka

    "The first thing top-level leaders need to understand about growth is that the only certainty about growth is its uncertainty."

    Have you ever watched a professional blackjack player in Las Vegas? They usually have a specific process they use to up their chances of winning big. First, they pick the right table. Then, they test the waters. They make small bets to see where the game is going. As they watch the cards and learn more about the game and their opponents, they periodically increase their bets or they fold certain hands. It all happens fast, and they understand that they’ll lose a lot of hands in this "testing the waters" phase of play. But the information they gain during the process allows them to increase their bets and win big later on. Business growth is a lot like playing blackjack.

    Growing a Business

    Five Low-Budget Tips for Building Growth Muscles in a Weak Economy
    By Dan Adams

     

             Warren Buffett famously said, "Be fearful when others are greedy and be greedy when others are fearful." And you’d love nothing more than to be that kind of long-term thinker, willing to invest in the future when others are running for cover. Of course, Buffett has his $60-billion fortune to cushion the risks associated with his maverick tendencies. You, on the other hand, are saddled with a shortage of cash and a coterie of colleagues who believe the right response to the slow-to-fully-recover economy is to stay hunkered down, slash costs to the bone, and wait for the storm to pass. What’s a frustrated would-be business-grower to do?

    Growing a Business

    Drive a Steady Stream of Customers

    What’s the biggest issue you face in selling your products or services? Market positioning? What to say? Collateral? Bad Product/service? Too many potential customers (don’t we wish)? For most businesses — it’s not any of those, but simply a lack of interested prospects to engage in the proposal and acquisition process.

    Growing a Business

    Learn How to Sell on EBay - It's Easy!

    Could you use some extra cash? Want to work from home? Have you always wanted to sell on eBay but were afraid to give it a try? Do not let your fears stop you. It is as easy as it seems.

    Growing a Business

    Steer Home-Based Businesses Clear of the Pitfalls of Recession

    As recovery creeps up on the U.S. economy like molasses going uphill in the winter time, small businesses are starting to feel the pressure ease, but that doesn’t mean it’s time to go back to “business as usual.” 

    Growing a Business

    Sometimes You Can't Grow More Business, You Have to Take it Away!

    Most business owners would prefer to find clients who are entirely new to their industry and are not currently doing business in it. Unfortunately, this idealized situation is difficult to find. Business is often a zero sum game. For you to gain that new client, someone else may have to lose him or her. It’s all part of the difficult side of private enterprise.

     

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