Strategy + Execution = IMPACT
Business growth is a phenomenon that occurs when business owners, employees and outside factors influence the success of a company. A business grows when it expands a customer base, increases revenue or produces more product.
Accelerate Your Growth
Growth is the goal of most businesses and is the reason behind many decisions that affect the daily workings of a company both internally and externally. Business growth is impacted by consumer trends, market opportunities and decisions made by company leadership.
Growing a business takes planning and concentrated efforts that fall into these main categories :
Organic: Organic growth happens when a business creates the right conditions for expansion. This includes physically expanding office space to allow for company growth or increasing product offerings.
Strategic: A strategic approach focuses on long-term growth through specific initiatives. Businesses often move into this growth stage after a period of organic growth. Companies may try to gain a share in untapped markets or plan to produce new inventory.
Partnership/merger: This type of strategy occurs when a company joins with another business to create more market opportunities.
Internal: An internal growth strategy is one that works to maximize internal processes to increase business and revenue.