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Business strategy
Three Important Factors to Consider While Scaling Your Business
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[QUOTE="Mika, post: 194893, member: 29399"] In order to scale your business, you need proper planning and strategy. Not just the idea in your mind, but a complete step-by-step process in black and white (writing). When you write what you are going to achieve by scaling your business and how you are going to achieve it, you will have clarity on how you can actually scale your business, how you can widen your market and reach more customers, and how you can generate more sales, and how you can build a successful business. Chart of Accountability: You should also include a chart of accountability. This chart will show who is responsible for which tasks. The three important responsibilities are marketing and sales, operation, and finance. Visibility Strategy: You should know everything about your visibility strategy. This includes how you will generate leads and how you are going to convert your leads to paying customers. Visibility strategy means how the customers are going to find your product and how you are going to establish connections with your customers. Business projections: The business projections mean your sales projections, acquisition projections, market share projections, etc. It might be difficult to make accurate projections, but is it perfectly fine if you do not have realistic projections. What is important is you need a proper business projection. [/QUOTE]
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Three Important Factors to Consider While Scaling Your Business
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