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Written by: Margie Blackmon - various authors from : http://goarticles.com Business Builders City 2 City LLC http://businessbuilderstraining.com http://www.webbusinessbuilders.org/#!business-consultant--/cpaq Read more: http://how-to-start-making-money.com Copyright Š Business Builders City 2 city Limits LLC - All Rights Reserved
Introduction
The Business Growth Cycle created By Margie Blackmon articles written by varies authors Follow the step by step instructions and suggestions in the guide . Review the examples of a marketing and social media plan
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1.Review the life cycle of the butterfly as it began to change and transition into (the metamorphosis) the process of the Butterfly 2. The butterfly begins to develop and grow within the process of changing and transitioning into a complete transformation 3. transformation of the butterfly is an example of a completed process or change and growth
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1. Step 1 I believe every entrepreneur desire is to grow their business. Every business owners needs to grow, and sustained growth to survive .The dream of most committed business owners is to become successful. Starting a new business is one thing, growing the business is another thing, but sustaining the growth and staying ahead of competition are another game entirely. Without wasting much of your time, join me as I unleash to you five business growth strategy you can apply to your business:
1. Do Your Best to Preserve Your Customer Base: You know how difficult it is to find a new customer. I am always an advocate of keeping your existing customers happy by any means necessary. You can sustain your business growth by enticing your existing customers and developing more complex relationship with them. This will make it difficult for them to switch to your competitor. I feel this is the most important business growth strategy you can employ. 4
2. Do All You Can To Increase Your Market Share: Always give your customers a reason to come back? Try to be the best to your customers and encourage them to tell their friends about your business. Attracting customers away from your competitors can prove to be tough, so you must apply every weapon in your arsenal to give any new customer the best you can. Offering higher value and quality service is essential now. If you want to sustain your business growth, you must strive to increase your market share. 3. Exploit Market Trends: Of all business growth strategy I am sharing today, this strategy can make or break your business. You must keep your eyes and ears open to take advantage of any available industrial trend. This can be achieved by monitoring the industry for changes in buying criteria, product or service innovations and population trends. Trend is your friend, never resist change. Instead, be quick to adapt to change. This can be a competitive advantage for you. 4. Keep Your Eyes Open for New Business Opportunities: Being an experienced entrepreneur can confidently tell you that you can never talk of sustained business growth without having a diversification plan. Few years ago, a mentor of mine went to replenish his stock. He actually had in mind to buy his regular goods of motor parts but on getting to the marketplace, he discovers that there was shortage of motorcycle parts. He carried out preliminary feasibility and found out that motorcycle parts scarcity was impending. Though not a motorcycle parts dealer, he invested all the money he had budgeted for his motor parts into buying motorcycle parts. He was not a motorcycle dealer, he was not experienced in that field but he took the risk and invested all he had into purchasing motorcycle parts. The business bombed and he made millions. Today, a friend of mine sits atop a conglomerate. The lesson from this story is you must keep your eyes open and be prepared for opportunities when it comes. 5. You Must Have a Diversification Plan: This is the last business growth strategy I can share with you for now and it is as important as the others are. It time for a change when you make it in an industry, feel your market is saturated or the industry grown too competitive. Do not hesitate to diversify. Diversifying into other industries will help sustain your business growth. When you start growing your business always, remember to include a future diversification plan
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If the five growth strategies prove too tedious to apply, then try implementing at least three of it. In conclusion, I wish you the best as you strive to grow your business. God Bless Notes __________________________________________________________________ __________________________________________________________________ __________________________________________________________________ __________________________________________________________________ __________________________________________________________________ __________________________________________________________________ About the Author of the 5 growth strategies by Ajaero Tony Martins Business / Strategic Planning
(submitted 2010-02-06)
If this article has challenged you and you want to learn more about the pros and cons of building a successful business from scratch, rush now to http://www.StrategicBusinessTeam.com Ajaero Tony Martins is a successful entrepreneur and investor. He is also the founder of http://www.StrategicBusinessTeam.com One of the fastest growing entrepreneurship and business development Who are you ? 1. Do you know your real purpose 1. 2. 3. Business Growth What are your Ideas of business growth ?
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1. 2, 3. 4. 5
Five Important areas of Business Growth
1. 2. 3. 4. 5.
Business Development Developing online present Marketing , Advertising and Promotions Financial Management System and Marketing Done - For –You- Service Outsources - sub contract
The 3 Business stages of the growth cycle is Change Transition Transformation
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Pursuit of purpose - follow your passion , ideas , business ,service and products http://www.getaltitude.com/accelerate/program.html?orid=81609&opid=32 Stubbs Consulting @StubbsConsultng 14 Jun The majority of people meet with failure because of their lack of persistence in creating new plans to take the place of those which fail.
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Making the changes needed for business growth . The changes you make transform your business products and service. You began setting expectations for business growth . What are the changes you need to make in your personal life or business Please list the changes you need to make for business growth __________________________________________________________________ __________________________________________________________________ __________________________________________________________________ __________________________________________________________________ __________________________________________________________________ __________________________________________________________________ __________________________________________________________________ __________________________________________________________________ __________________________________________________________________ __________________________________________________________________ __________________________________________________________________ __________________________________________________________________ You can change your life when you start taking control. Your life will change when you start believing in you “This is the time of new beginning and things will change� 9
Change the way you think, you never know where if the road lead you to success Many reasons to change
Changing your life and state of mind to become a better you Changing your life and attitude to become a better you Changing your life and way of thinking to become a better you Changing your life and point of view to become a better you Changing your current ways of doing business, thinking out the box Start creating a better business Changing your business outlook begin developing better products and services Changing your business viewpoint and start growing your business ideas products and services
Write down your reasons why you need to change your business
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Reflection Time – please reflect on changes that are necessary for business growth 1. Create a Business growth cycle for your business reflecting on 2. Reflect on the 3 stages of business growth . Change - Transition – Transformation
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3. Create a Business growth cycle for your business reflecting on 4. Reflect on the 3 stages of business growth . Change - Transition – Transformation
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5. Create a Business growth cycle chart for your business reflecting on business growth 6. Reflect on the 3 stages of business growth . Change - Transition – Transformation
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Example Marketing Promotions Campaigns- Marketing Done - For –YouService
Create a marketing and advertising chart for promotions __________________________________________________________________ __________________________________________________________________ __________________________________________________________________ __________________________________________________________________ __________________________________________________________________ __________________________________________________________________ __________________________________________________________________ __________________________________________________________________ __________________________________________________________________ __________________________________________________________________ __________________________________________________________________ 15
Creating a Social Media Plan List your social media tools ______________________________________________________________________________ ______________________________________________________________________________ ______________________________________________________________________________ ______________________________________________________________________________ ______________________________________________________________________________ ______________________________________________________________________________ ______________________________________________________________________________ ______________________________________________________________________________ ______________________________________________________________________________ ______________________________________________________________________________ ______________________________________________________________________________ ______________________________________________________________________________ ______________________________________________________________________________
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Make a list of your steps to making money online ______________________________________________________________________________ ______________________________________________________________________________ ______________________________________________________________________________ ______________________________________________________________________________ ______________________________________________________________________________ ______________________________________________________________________________ ______________________________________________________________________________ ______________________________________________________________________________ ______________________________________________________________________________ ______________________________________________________________________________ ______________________________________________________________________________ ______________________________________________________________________________ ______________________________________________________________________________ ______________________________________________________________________________ ______________________________________________________________________________ ______________________________________________________________________________ ______________________________________________________________________________ ______________________________________________________________________________ ______________________________________________________________________________ ______________________________________________________________________________ 17
What you need to promote a business ,idea, product or service , make a list of what you use to promote your current business product and service. ______________________________________________________________________________ ______________________________________________________________________________ ______________________________________________________________________________ ______________________________________________________________________________ ______________________________________________________________________________ ______________________________________________________________________________ ______________________________________________________________________________ ______________________________________________________________________________ ______________________________________________________________________________ ______________________________________________________________________________ ______________________________________________________________________________ ______________________________________________________________________________ ______________________________________________________________________________ ______________________________________________________________________________ ______________________________________________________________________________ ______________________________________________________________________________ ______________________________________________________________________________ ______________________________________________________________________________ ______________________________________________________________________________ ______________________________________________________________________________ ______________________________________________________________________________ ______________________________________________________________________________ ______________________________________________________________________________ ______________________________________________________________________________ ______________________________________________________________________________ ______________________________________________________________________________ ______________________________________________________________________________ ______________________________________________________________________________ ______________________________________________________________________________ ______________________________________________________________________________
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Example service done for you What services do you need done-for –you or learn how to do it yourself ______________________________________________________________________________ ______________________________________________________________________________ ______________________________________________________________________________ ______________________________________________________________________________ ______________________________________________________________________________ ______________________________________________________________________________ ______________________________________________________________________________ ______________________________________________________________________________ ______________________________________________________________________________ ______________________________________________________________________________ ______________________________________________________________________________ 19
Internet download
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The Business Growth Cycle created By Margie Blackmon articles written by varies authors The Booklet and guide copyrighted prohibited all rights reserved
Margie Blackmon 4301 Orchard Lake road Suite 180 # 152 West Bloomfield Michigan 48323 The Business Growth Cycle designed By Margie Blackmon articles written by varies authors Booklet and guide copyrighted prohibited all rights reserved Margie Blackmon
4301 Orchard Lake road Suite 180 # 152 West Bloomfield Michigan 48232 The Business Growth Cycle Designed By Margie Blackmon articles written by varies authors
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