How can you grow your business successfully?
To successfully grow your business you need to know how the key elements of a business plan integrate to produce a High Performance Business Model like the one shown here.
You need a Vision for the business that aligns with your personal goals and a Strategic Plan to deliver the vision. You need to Structure the business so that it can implement your plans and a customer focused, team based Culture to drive success.
You need to understand the Products and Services that you produce, what makes them attractive to your customers and how you can make a decent profit from them.
You need a Sales and Marketing plan to increase sales from both new and existing customers.
You need strong Financial Management to consistently grow your bottom line profit, to free up cash flows in the business and to maximize the value of the business when it comes time to sell.
And as you grow your business you need to be able to efficiently Manage Your Staff to ensure they are productive, motivated and committed to the long term future of your business, and you need to Systemize your processes to ensure consistent quality of product and a continuing focus on improving customer service.
And of course, in today’s world you cannot plan for business growth without also considering how to turn your business into an online business.