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Grow It
Feelings/Experience Fulfilled, the business has achieved its original vision and is paying back the owners in time, profit, lifestyle. There is money available to re-invest to take the business to a new level.
What you need to work on at this phase
- Strategic Planning - plan the next phase vision
- Define a growth strategy to acheive the vision - build market share/add new products/enter new markets/diversify
- Marketing System - develop systemised approach to attract new bsuiness
- Funding plan for growth - debt, equity or cashflow. Partnership, merger, acquisition.
Issues that may arise from this phase
- Potential of the business not realized
- Wrong products or markets taken on
- Distribution limited or dependent on the owner
- Business direction unclear
- Owners opportunity to grow and develop limited and may feel personally de-energised
- Resources of the business stretched
Keep the momentum going. Book an initial meeting now. It's on us.
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