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In addition to understanding where we have come from, future planning requires innovation, strategic planning, and downright grit. Veterans are bred to thrive in that environment.
Cultures are not fixed; they undergo transformations and changes over time. Changes brought about by these troubled times have created an impact on our businesses and professional lives, not just our personal lives.
Nobody could have anticipated what is happening in these times of fear and anxiety. On the bright side, however, these times might also give us the opportunity to reset and innovate.
Businesses whose growth has stalled often ask, "How do we start a new business development initiative?" The answer is new business development.
Is your business caught up in today's market environment? Are you trying to stay ahead by incremental product improvement? There are 4 questions you should be asking about your future growth.
Innovating is the hardest of the 5 critical drivers of business success, but it's also the most crucial. Your business will not continue to grow without innovation.
It is critical for small businesses to establish an operational growth plan. Identify the factors that lead to growth, the factors that prevent growth, and how potential markets fit into those factors.
Business owners often misread or ignore the causal factors that were the basis for their early success. From the very beginning of sales, owners must determine those few decision factors that will define success.
Only half of small businesses survive more than five years, and further decays continue over time. The reasons are similar to those that cause mid-level and large firms to stagnate. But the small business has one advantage.
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