Tag: strategy
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How To Get Ahead: 8 Ways To Optimize Your Business Strategy
Key Takeaways A business strategy aligns with your company’s vision and defines how you’ll achieve your goals. Long-term strategies focus on sustainability and growth, while short-term strategies address immediate needs. Setting SMART goals ensures that objectives are clear, measurable, and attainable. Market research is crucial to understand your competition and identify your business’s unique advantages.…
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Cash Flow Problems: What to Do When The Funds Dry Up
Facing critical cash flow problems? Swift action is crucial to stop financial deterioration. Begin with a quick financial assessment to understand your current situation, then prioritize essential payments. Implement rapid strategies like a flash sale to generate needed cash, and develop a realistic cash flow forecast to prevent future shortages.
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8 Steps to Save a Failing Business
Key Takeaways Understanding the primary reasons businesses fail helps prevent them. SWOT (strengths, weaknesses, opportunities, and threats) analysis is crucial. Effective cash flow management can save your business from financial pitfalls. Setting clear strategic goals can guide your business towards recovery. Allocating resources wisely ensures efficient operation and sustainability. Running a business is not easy.…
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Is Your Business a Dog, Cash Cow, or Rising Star? What the BCG Matrix Means for Small Business Owners
Is Your Business a Dog, Cash Cow, or Rising Star? What the BCG Matrix Means for Small Business Owners The Boston Consulting Group Growth Share Matrix (BCG Matrix) pegs products/services according to growth and market share: A Rising Star has high growth and high market share; A Cash Cow has low growth but high market…
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Time For Action: Discover New Opportunities Ahead
Spring is time for action While winter is traditionally the time for taking stock, reviewing and assessing the year just ending and making plans for the coming year, Spring is time for action – new ideas, new paths to explore. Unfortunately, honest review and pragmatic planning are more observed in the breach than practiced. The…