businessgrowthstrategy.co.uk
Tactics - Business Growth Strategy
http://businessgrowthstrategy.co.uk/tactics
On the Strategic Planning page, we discussed how ‘Tactics’ are the specific activities you undertake to implement your strategy and achieve your objectives. It is obviously important that you choose the right tactics for your strategy, taking in to account the cost, time and impact of each. Advertising, again higher cost, can very hit and miss, particularly if there are a number of other people offering the same service. It is very hard to establish your credibility and build trust through an advert&...
businessgrowthstrategy.co.uk
Team - Business Growth Strategy
http://businessgrowthstrategy.co.uk/team
Your employees, or team, are the greatest asset of your business and therefore creating a feeling of togetherness, cohesion and cooperation will benefit not only them but your business. We can’t get good employees . Have you ever heard that said before? The truth of the matter is, that good companies get good employees. There are a number of keys to building a great team. Have a culture than can fulfill that vision. Create a supportive culture that allows your goals to be achieved. Hold regular meetings ...
businessgrowthstrategy.co.uk
Strategic Planning - Business Growth Strategy
http://businessgrowthstrategy.co.uk/strategic-planning
Strategy is the ‘what’. It details the goals and targets of the organisation and why they are important. It takes the whole company in the right direction. Tactics is the ‘how’. Tactics are the specific activities you will undertake to implement the strategy. They detail what needs to be done, the timings for such activities and the resources that will be involved. For examples, as part of a strategy to build your brand awareness, you may use tactics such as social media and online advertising. Identifyi...
businessgrowthstrategy.co.uk
Finances - Business Growth Strategy
http://businessgrowthstrategy.co.uk/finances
All businesses must be in control of their finances. Unfortunately many business owners find this is not their forte. When an employee decides to start their own business there is usually a good reason. Often its because they feel they can deliver a better service than their employer. This may be true on the face of things without considering profitability cash flow and the hours worked. They rarely consider the skills needed to run the business such as financial control. Why then is the service worse?
businessgrowthstrategy.co.uk
Time - Business Growth Strategy
http://businessgrowthstrategy.co.uk/time
We have all heard the phrase ‘Time equals money’. As a business owner we are all continually seeking ways to reduce or leverage our time, whilst increasing out profits. Without using leveraging within your business, you can work as hard as possible but your rewards will be limited by the hours you are able to put in, and we all only have so many hours in the day. By using leverage you can accomplish much more. So what do we mean by leverage? Training and empowering others. Let’s look at these in turn.
businessgrowthstrategy.co.uk
Positive Cash Flow - Business Growth Strategy
http://businessgrowthstrategy.co.uk/positive-cash-flow/%20
Cash flow is the movement of money into or out of a business. Cash flow management is an ongoing forecast of future cash requirements and outgoings to avoid any short falls and maintain positive cash flow. Poor cash flow management is the reason that many businesses collapse or fail to grow. They do not have a firm understanding of cash flow management what working capital is required for growth or how activity in one area/department of the business will impact all of the other areas/departments.
businessgrowthstrategy.co.uk
Advertising - Business Growth Strategy
http://businessgrowthstrategy.co.uk/advertising
As a small business you may not feel that you need to advertise, however every business needs an element of advertising otherwise no one will know about your products and services. The great thing about advertising is that you control the content and where and when it appears. You can choose mediums that specifically target the type of customers you are looking to attract, in the geographic areas you require.
businessgrowthstrategy.co.uk
Database - Business Growth Strategy
http://businessgrowthstrategy.co.uk/database
Do you know who your customers and prospects are? That may sound like a ridiculous question, but do you. How old are they? Where do they live? What have they enquired about or bought from you? With a database you can have all of the answers to these questions at your fingertips. Is there a pattern to their buying habits? Using a database in this way is often referred to as Customer Relationship Management (CRM) and it affords small businesses may advantages:. Also, by keeping a record of which campaign e...
