How can I grow my business without funding?
By following an business growth strategy that focuses on your Most Profitable Customers.
Your Most Profitable Customers are the ones that bring in the highest profits. They are also the customers that help your business grow faster.
I created a webinar to explain about these highly valuable customers in a business.
Organic growth: the path to continuous business growth
Did you know that most small and medium businesses follow an organic growth strategy?
Including highly successful businesses in Europe and the US!
They rely on their profit to grow the business. This means that the business generates enough profit to do so.
To achieve this, these businesses identify and focus on their Most Profitable Customers.
Why do they do this when European and American banks and investors have so much money?
- Because even European and American SMEs struggle to get money from funders.
- To retain full control of their business. Bringing in an outside funder - even a bank - gives some influence to somebody else.
The organic business growth strategy has helped many businesses remain successful, sometimes for 200+ years.
You can use this same strategy to get the same results.
Organic growth is the most widely-used business strategy
Most successful businesses use organic growth strategies. Including businesses that have existed for 200+ years!
These successful businesses follow a growth strategy with three elements. The two most familiar elements are effective cost management and higher sales.
The third element is often overlooked. But it is this element that gives businesses their advantage!
The third element is to focus efforts on the Most Profitable Customers in a business.
In my webinar, I explain who your Most Profitable Customers are and how to identify them. I also explain how to use this knowledge to increase your profits and grow your business faster.
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