Small Business Growth Strategies

Small Business Growth Strategies

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Smallbusinesssolver

How to scale a small business

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Scale, Connect and Grow with Salesforce

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Salesforce

25 Ideas For Entrepreneurs Looking For Business Growth

Increase the number of customers that come into your business.
Increase the number of times each customer buys from you.
Increase the amount each customer spends each time they buy from you.
Increase the profit margins on the products and services your customers buy from you.
Build a high performance business model by increasing the effectiveness of every business process and increasing the efficiency of every business process (reduction of waste).

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Craig Ridley

Small Business Growth Strategies

1. Growth through market penetration
2. Growth through enlarging market through geographical expansion.
3. Growth through new product in the same market (diversifaction)
4. Growth through new product in a new market segment (diversifaction)
5. Growth through vertical integration
6. Growth through selling existing product in one or more new market segments after making some modifications to the product to make it attractive to more than one market segment.
7. Market expansion through strategic alliances
8. Growth through  mergers and acquisition

1. Growth through market penetration

How to Develop Market Penetration
Examples of Penetration Strategies

2. Growth through enlarging market through geographical expansion (includes selling in foreign markets).

Unlocking Growth in the Middle Income Segment of Emerging Markets
https://www.bcgperspectives.com/content/articles/growth_globalization_unlocking_growth_in_the_middle/?chapter=5

3. Growth through new product in the same market (diversification)


4. Growth through new product in a new market segment (diversification)

5. Growth through vertical integration

6. Growth through selling existing product in one or more new market segments after making some modifications to the product to make it attractive to more than one market segment.

7. Market expansion through strategic alliances

8. Growth through  mergers and acquisition






Fundamentals of Growth - Bain & Company
http://www.bain.com/consulting-services/strategy/fundamentals-of-growth.aspx

Categorizing the Growth Strategies of Small Firms
May 2012
Seppo Leminen, Mika Westerlund
Technology Innovation Management Review
http://timreview.ca/article/553

ALTERNATIVE GROWTH STRATEGIES FOR SMALL BUSINESS - University of Delhi Open Learning Material
http://sol.du.ac.in/mod/book/view.php?id=1239&chapterid=880


Three Strategies for Achieving and Sustaining Growth

http://iveybusinessjournal.com/publication/three-strategies-for-achieving-and-sustaining-growth/

4 Strategies to Fast Forward Your Small Business Growth

http://www.synnovatia.com/business-coaching-blog/bid/127523/4-Strategies-to-Fast-Forward-Your-Small-Business-Growth

Growth Strategies in Business

http://smallbusiness.chron.com/growth-strategies-business-4510.html