5 Big-Business Growth Strategies Small Business Can Use

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More than 50% of companies fail during their first five years of doing business. That’s why applying proven and efficient strategies that enable business to grow is one of the most important things during early stages of company development. Here are 5 big-business growth strategies that small business can use.

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The Greiner Curve and Five Fundamental Challenges to Growing Your Business

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In business, success is often measured by growth. The more rapid this growth, the more of a runaway success your business can be deemed to be. But rapid growth is not easy. Dealing with it and understanding its consequences on how a business operates, how it is structured and ultimately how it sees itself, represents a significant challenge to the most savvy of business leader. One tool you can use is the Greiner Curve, and how it explains five fundamental challenges to growing your business:

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Developing a Business Growth Strategy from Consumer Research

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Only half of startups survive more than five years, and only a third make it to ten years. To ensure sustainability of business, you must create growth strategies. A tangible plan is a defining factor that determines whether you will create growth or devalue the business. A business growth strategy should integrate consumer research to capitalise on market opportunities and keep a pulse on their market dynamics. Here are tips on developing a business growth strategy from consumer research:

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5 Ways to Manage Growth Of Your Small Business to Avoid Growing Pains

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Small business owners spend a lot of time thinking about how to make their business grow, but they are often not prepared when that growth happens. Scaling a small business to grow will require you to rethink how you operate. If you want to keep growing in a sustainable way, then you need to learn how to manage it. Here are few ways you can manage growth of your small business and keep your company running smoothly (and avoid growing pains!):

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Targeting And Evaluating Prospects for Company Acquisitions

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Acquisitions can play a key role in a company's growth as it may be more efficient to achieve objectives by buying assets and resources needed for growth. When considering acquisition prospects you need to look at a number of factors. Here's how to go about targeting and evaluating prospects for company acquisitions:

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Does Your Management Team Have the Skills for Growth?

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As your company develops, you will need different sets of skills. The skills you used several years ago to propel your company through the start-up and early growth phases are not the same as the skills you now need for growth and maturity. Does your management team have the skills for growth?

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Choosing the Right Growth Strategy

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Given the rapidly moving changes in our marketplace, the challenge for the entrepreneurial company is how and when to grow. And this leads to other major questions that can be difficult to answer. Here are some key questions to ask to help choose the right growth strategy:

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5 Mistakes Companies Make When Trying to Go Global

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At a recent How to of Going Global event in Cork sponsored by KPMG Private Enterprise, supported by Enterprise Ireland, Ulsterbank and Business Achievers, companies discussed challenges and opportunities of scaling and going global. Here are 5 mistakes companies make when trying to go global:

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Growing Your Business: a Personal Perspective

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The first stage in developing growth plans for your business is to determine where you want to go in a personal context – in other words, why you want to grow your business. You need to decide this in a personal context, before you can approach the business context – otherwise, the two may be out of sync, and lead to disaster. Here's some food for thought on growing your business: a personal perspective:

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Understanding The Effects of Rapid Growth In Business

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If your business is growing rapidly, then managing cash flow is as critical as managing sales and expenses. Here are some tips for understanding the effects of rapid growth in business:

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7 Tips from a CEO for Managing Hyper Growth

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You are in the exciting part of the S-curve and now is time where your future market share will be determined. You need to be able to act quick and dump the (legacy) systems that hamper your ability to respond a hyper speed to new opportunities to expand your market share. Here are 7 tips from a CEO for managing hyper growth:

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Ready to Rise? 4 Ways Relocating Your Business Drives Growth

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As a small business owner, it’s so important to make decisions that benefit your company. In order to sustain a long-lasting business, one of the keys is to think strategically. Consider these four ways relocating your business can result in growth.

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What Organizations Can Learn from Facebook's Recruiting Tactics

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Facebook just topped Glassdoor’s Employees’ Choice Awards as the best place to work in the United States for the third time. This begs the question, how does an organization with more than 23,000 employees and 48 offices around the world manage to re...
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How to Avoid Unseen Threats, That Could Slow Your Business Growth

How to Avoid Unseen Threats, That Could Slow Your Business Growth
As Chief Executive Officer of Cellulac, I often write and speak on the creation and building of small, early-stage - sometimes pre-revenue, even debt-laden -- companies into larger commercial businesses. This is based on the success I have had in 20+...
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James OSullivan
Great post...I once saw a lecture by Jack Welsh of GE fame (When GE was the biggest company on the world) and he said that he expe... Read More
Monday, 15 January 2018 15:38
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