Let’s face it. Every small business owner needs – and wants – an “edge” to grow as quickly and easily as possible. We dig through industry secrets, plow through top business blogs, and cajole our colleagues into spilling the beans on what makes their business tick. Yet, one of the most unfavorable growth strategy is commonly practiced in business today.Read More
Tags: Growth Strategy
Colonel Sanders has a “secret recipe” for his fried chicken. Outback Steakhouse developed a “secret ingredient” for their Bloomin’ Onion. McDonald’s applies a “special sauce” on their Big Mac. And, Duke is continually trying to disclose Bush’s Secret Family Recipe! What’s your business’ “secret recipe?” Pinpoint that and clients will flock to your business.
Every business – large and small – believes they identified what makes their business special and uniquely different from their competitors. Recent research tells a different story.
What actions do smart entrepreneurs take when business success wanes? Most either work harder or throw money at the perceived problem -- or both! Neither of these options are advisable -- or desirable -- until you apply some strategic thinking to your business success.
As small business owners, we're faced with decisions, big and small, every day on how to best allocate our precious resources. When staring down multiple choices, how do you ensure your choice ends up on the "invest", and not on the "spend", side of your business? Do what smart business owners do -- turn to strategic questions to navigate your choices smoothly and successfully.
It’s very difficult to grow your business when you’re already overwhelmed. When you’re really ready to hit “grow”, you’ll need to make some tough choices. And, it’s not about working more hours.
As a growth advisor and strategic business coach to small business owners, I’ve discovered one major glitch that prevents most from growing their business as desired. Those struggling to grow suffer from a lack of bandwidth. With days filled with information overload, distractions, interruptions, putting out fires, and tending to daily activities, seldom is there additional time to launch a growth initiative.