A strategic business partnership can help your business grow at low cost, can help you get new customers, enter a new market, save money on marketing, and boost your brand. But to enjoy the benefits, you need to follow these steps to prepare yourself and your business to enter a partnership. Determine your goals What
Last week, we talked about how business partnerships can be used to grow your business. A business partnership can help you: save time enter new markets attract new customers increase your sales save money experiment with new business ideas and create a stronger position as compared to your competitors There are many kinds of business
For those of you who are just joining us, welcome! During the past weeks, we have been talking about various business growth strategies for small businesses. Many of you have asked me to pay particular attention to business partnerships. You want to know how to choose a good business partner, and how to make sure
For this post, I am assuming that you are starting from the position of a solo consultant who may sometimes work with other consultants. 1. Distinguish yourself from others If clients know that you are the expert in the area where they are facing challenges, they will feel more confident in your ability to carry
If you are going to expand a poultry business, you need a good business plan and a feasibility study, especially if you want to apply for funding. With a good business plan and a feasibility study showing a good outcome, it will also be possible to obtain a loan from a bank, or even investments.
So your business is not growing. What do you mean exactly? Is it that people are not buying from you and you want them to start buying? Is it that customers buy from you once and never return? Is it that you are not seeing any profit from the business? If you answered “Yes” to
For the past 4 weeks, we have been talking about business growth strategies. Prioritising your growth is one of the best ways to become a profitable business and to improve the chance of your business surviving in the long term. But how to grow when there is no money? Or when the money you have
As I said before, your business must first be successful before you can start thinking about growth. This means that after starting your business, your profits should be enough to cover all your costs and expenses. If that is not the case, you need to tackle that issue first before moving on to growth. Once
Last week, I spoke about the 4 basic business growth strategies. Today, I will be talking about 9 more advanced growth strategies. Small businesses can also use them, but it is advisable to achieve a certain level of professionalism and financial success before you attempt these strategies. 1. Go to trade shows The people who
Many times, people will tell me they want to grow their business when in fact, what they are saying is that they want to stop losing money. But as I said last week, your business must be successful before you can start thinking about growth. So if the challenge you are facing is lack of
Many of you have been asking me how to grow your business. First of all, it is important to determine what exactly you mean by business growth. Today I want to talk about the basics of business growth. In the coming weeks, I will share advice about the main types of business growth strategies, how
Today, I want to talk about how to do the best possible preparation for a loan application. You will need to have a good business plan and good financial records. You also need to know how much money the bank may be willing to lend to you. And you should be aware of the additional
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