E209: Growth Panning

If you are looking to grow your business be sure to understand the reason why you want to grow.

  1. Why grow
    1. Earn more money
    2. Support more people
    3. Personal desire to grow
    4. Find out why and set goals
  2. How to meet your goals
    1. There are many ways to meet your goals – find the right one
    2. Increase profit % on current revenue
    3. Increase annual revenue
    4. Increase scope
    5. Increase revenue per customer or revenue per employee
  3. Create plans
    1. Once you know what you want to do to meet your goals create a plan
    2. Determine where to focus
    3. Set metrics

Growth can be an exciting part of your business, but it can also hurt your business if not handle properly. Plan it right and protect what you have.

Take-Action Items:

  1. Determine why you want to grow

  2. Determine how to get the results

  3. Create the plan and execute

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