Famous business leaders in history started from square one. And all business leaders who changed the world invested in their skill sets and efficient operations. Discover ways you can emulate their success...
How Inspiring Business Leaders Grow Their Businesses
No matter how big your business may already have become, there is always desire for more growth. If your goal is to truly change your industry and reach the summit of your personal career potential, then you should be doing all you can, at all times, to facilitate this growth.
To discover five ways business leaders can grow business, read on...
1. Outstanding Business Leaders Learn To Do More With Less
If your business is somehow able to operate at a higher profit while using less resources, you'll find pathways to extensional growth. In order to do this, you, yourself, have to become well-versed in the art of doing more with less.
To fully embrace this concept, consider becoming a Six Sigma Lean Agent. By learning the fundamentals of the Six Sigma Lean philosophy, you will:
- Understand how waste and variation reduction can be related to productivity improvement
- Know how to spot opportunities when it comes to increasing quality and velocity
- Know how to identify the error-prone, high waste areas of any business process
- Understand how engineering situations can be measured
These are all important skills for contemporary business leaders. When we look at the most influential business leaders of all time, they educated themselves on details in the list above.
2. Build A Sales Funnel
If you want to grow your business quickly, then you need to build a sales funnel.
By doing so with latest tools and technologies, your business will become far more automated, and as a result, able to scale your marketing with far more efficiency. That positively impacts the bottom line. In turn, additional revenues bring more opportunity.
3. Create A Customer Loyalty Program
Without customers you don't have a business.
Customer loyalty is definitely something you need to harness if growing your business is your goal. For one, it will increase your sales. Has increased sales every been a bad thing?
More importantly, such a program will provide you with a solid base of customers you can build relationships with going forward. A steady string of customers that are willing to return to your business time after time and talk about your business will hopefully lead to new referral customers.
Don't be afraid to experiment and try different things when it comes to offering incentives to customers.
4. Never Underestimate The Power Of Email Marketing
The effectiveness of email marketing is often underestimated. However, an email marketing strategy can make a massive impact on your business.
Prioritize your email marketing campaigns to ensure that you are reaching everybody you need to reach when you need to reach them, in the exact tone in which they want to be reached.
The saying goes, "The money is in the list."
5. Be Strategic When It Comes To Partnerships
You are, more than likely, inundated with offers and options when it comes to partnerships. Don't be too quick to jump into partnerships. Instead, be strategic when it comes to choosing your collaborators.
By working with the wrong partners, your brand could be compromised, maybe even beyond repair. Choose partners that will help you extend your reach and your business message. Work with those that offer complementary products and services rather than niche competitors.
When it comes to growing your business, the five techniques listed above are proven to work. Now, it’s up to you to make them work for your business and become one of your industry's inspirational business leaders!
CI
7 Replies
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Hi, Amazing one. Found them really interesting. I am really thankful to you as I am looking forward to doing a six sigma certification online.
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Ashams, Happy you found this article interesting and helpful. I also appreciate your kind words. Best wishes with your Six Sigma Certification! Thanks for sharing your thoughts, ~Keri
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All five ways are useful and vital, but if there is one way that can’t be neglected, it is building a sales funnel — no business growth without an increase in sales and revenue.
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Hello, Yes, of these five the sales funnel is most important. At the same time, without quality customer service eventually there are no customers to sell to. It’s a careful formula… 🙂 Thank you for your comment, ~Keri
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This is really helpful. Thank you so much for sharing. All the best!
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Hannah, Glad you found this article helpful. Always happy to share resourceful details. Thanks for your comment, ~Keri
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Customer loyalty program is tested and proven to be one effective strategy to keep customers to your side. I personally experienced that when I got myself registered to different loyalty cards. I’d prefer to buy stuff from the stores where I’m registered instead from those i’m not registered in.
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