People are often confused when it comes to growing their business. But they really only need to learn four ways to create a better business, which can play a crucial part in the entire business planning process.
1. Increase the number of customers of the type you want to have
2. Increase the number of times customers come back
3. Increase the average value of each sale
4. Increase the effectiveness of each process in the business (or, increase your productivity)
That’s it. There are no more.
These four factors will give you critical focal points for growing your business. When combined together, they also give you enormous leverage. For instance, given that you could increase each one of the factors above by just 10% (not too difficult a task), the total combined effect of that is an impressive 46.4% increase in your business.
Is it possible to do that? Yes, it is.
By applying the four ways to grow judiciously, you can make that percentage increase not just possible, but highly probable. Exceed UK can help you discover dozens of strategies to help grow your business. And it all relates back to these four ways to grow.
About Exceed UK
Exceed UK is an accounting and business advisory firm based in the UK. They have business growth protocols and resources especially tailored for small and mid-sized businesses. Contact Exceed UK (www.exceeduk.co.uk) today to learn how they can help you grow a more profitable business on +44 (0) 1784 439 955.