- February 5, 2020
- Posted by: Stratefix
- Category: Sales Consulting
“Ways to Grow your Business in 2020”
Directing business in the growth arena is what every entrepreneur desires for! Here are some ways that can help you in the coming year to redirect your business growth & usher it to profitable outcomes.
Business Growth is linked with Business Network!
Alienating yourself from people could be the biggest mistake you’re making for your business.
Whenever the opportunity arises to join a networking event, go! This is a huge chance to expand your brand and extend your networks. Building relationships with other people can be highly beneficial for your business growth. Networking is a great way to connect with others that can help build and grow your business, like investors, mentors, customers, employees and so on.
Just because social media has made it possible to connect with customers and connections online doesn’t mean you should stop trying to network in person. From events to business seminars, networking events are a great way to build relationships with others .You might even be able to partner with a related company in order to cross-promote each other’s services. If you’re struggling to find a relevant event in your area, consider hosting your own networking event or open house, so customers can get to know you and your business.
If you find your business growth stuck, or any other business issue, you can attend our 3 day workshop ACT.
Redefine your Marketing Strategy
It’s a rule in the modern world & in the business arena too, that change is constant. One who doesn’t adapts to timely changes, gets thrown out of the market .Therefore, in the coming year, it is essential to have robust marketing strategies and keep it updating with time to time for advancement and growth in the business. You can anytime consult us for guidance in the same.
You need to keep the following things in mind while framing marketing strategy to grow your business in 2020 –
A Well-Defined Target Audience
Multiple Marketing Channels
Knowledge of the Competition
Sustainable Approach That Builds Credibility
Human Resource Department is too important to be improvised upon for growth
Human resource is the backbone of any organisation. Let the coming year bring about profitable gains by turning your HR strategies towards business growth. Here’s how you can escalate your business growth with HR.
- Hire The Right People
- Eliminate Employee Turnover
- Invest In Your Team
- Improve Your Hiring Process
- Invite Feedback
- Diversify Your Team
- Think Outside The Box
Competitor Analysis – The game changer
Competitor analysis is a great opportunity to put yourself in your customers’ shoes and look at your market and business from the outside. A lot of businesses are focused on running their own race, on improving their own strategies. It’s typical that you are confident in the products and services you’re offering. But being blind folded about the market, its advancements and moves of your competitors in accordance, may land you in a dangerous business horizon.
Why competitor analysis is important
- You keep in touch with your market
- You understand your market from your customers’ perspective
- You identify priority improvement areas
- You identify opportunities
- You identify threats, so that you can work on mitigating them earlier
If you have an ambition to be a leading business, you need to understand your competitors and where you can improve, especially from the perspective of the customer.
Stratefix is a Management Consulting firm which delivers Implementation service in the area of Sales, HR, Business Process and Market Research.
StratefiX passionately delivers its Advisory and Implementation Services in the area of Management Consulting to clients varying from SME sectors to large Conglomerates.