POLLDEEP'S PRESENTATION
POLL: HOW DO YOUNG ENTREPRENEURS ACHIEVE BUSINESS GROWTH FOR THEIR STARTUPS IN A COMPETITIVE DOMAIN?
INTRODUCTION
Achieving business growth is hard. It takes a lot of efforts and hard work. A full planning is required to run a business. Many people start their business and they think that without any planning they will earn money but in the result they get loss in their business or they can’t grow their business to a larger scale.
WAYS TO ACHIEVE BUSINESS GROWTH
1. CREATIVE: Creativity and innovation is the way to success in any business. Listen to your partners, employees and customers because they can give you fresh and creative ideas which can help you to grow your business fast.
Being creative can boost your business to the larger scale. Fast growing entrepreneurs are always creative and innovative which is the reason of their growth.
WAYS TO ACHIEVE BUSINESS GROWTH
If you want to grow your business fast then you should analyze and understand your competitors and distribution channels.
2. OPPORTUNITIES:
By analyzing the competitors in detail, a new entrepreneur can get many opportunities that he can take to grow the business.
TBC • 2020
WAYS TO ACHIEVE BUSINESS GROWTH
3. COMPETITION: To grow a business an individual, You have to research for the competition because if you lose in competition then you can’t grow your business to a larger scale. You can research by going through ads, analyze which ad is gaining most of the attention and try to compete it by bringing something creative and new.
This will surely put a great effect in the growth of your business because always creative and innovative ideas get people’s attention.
WAYS TO ACHIEVE BUSINESS GROWTH
4. SALES FUNNEL:
Building a sales funnel is a helpful way to quickly grow your business and this is what new entrepreneurs do. Sales funnel helps to scale and grow quickly and easily by making your business automatic. You are making a huge mistake if you don’t have a sales funnel. A good concept is required before creating a sales funnel which will bring a great growth in your business.
WAYS TO ACHIEVE BUSINESS GROWTH
5. PARTNERSHIP:
Partnership is also a good way for entrepreneurs to achieve growth in business. You can do partnerships with different companies to promote your products. Reports show that promoting products by partnerships can bring an excessive growth in your business. With this your products can reach to many people and you can get a lot of new customers.
WAYS TO ACHIEVE BUSINESS GROWTH
6. ADVERTISING: If you have a product based on creative ideas then you should advertise it. Social media is a great platform for every company to advertise their products. You can also target the audience in social media. Advertising on social media is cheaper if compare to others. Some people also share the advertising if it is interesting and creative due to which you can get more new customers.
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