Too many companies fail to meet their revenue and to build a succesful profitability growth strategy. However, the likelihood of achieving profitable growth is increased when the organization has a clear and clean growth strategy coupled with strong execution within its infrastructure. One without the other hurts the likelihood of success.
Why is growth so elusive? Based on research and experience, there may be two main reasons: An organizational infrastructure that cannot sustain successful execution, and inadequate consideration of opportunities within the core business activity, adjacent, or lack of customer knowledge.
Set clear growth goals (SMART)
T: Timely (Timely)
Setting SMART goals gives you structure and the ability to monitor your goals and objectives. Exchange your incomplete resolutions, setting SMART type goals creates verifiable trajectories towards accurate objectives, with clear steps and an estimate of the ability to achieve your goals.
In corporate life, this type of goal planning is one of the most effective and least used to achieve goals. Clarify the way in which your objectives arose and the criteria that will shape their realization.
Identify the ideal customer
Generating sales is relative. If you are selling to clients whose business need is not sustainable, this represents a zero-sum game for you. If you do not have the right mechanisms in the right place to prospect your ideal client, it will be difficult for you to maintain growth or even grow.
You have to adopt a business or entrepreneurial attitude that allows you to see beyond the obvious and locate the client that is compatible with your business model. This keeps acquisition costs low and ensures that customer relationships are mutually beneficial, and that objectives are aligned.
Create a dissemination and / or promotion strategy
What is the use of setting my goals and knowing who my ideal customer is if I cannot promote my products or services effectively? It is necessary to understand that a marketing campaign needs to be designed specifically for your ideal client and spread in the exact place where they are. General advertising no longer works, it is necessary to contact only potential prospects in order to start an effective process that takes them by the hand at the moment where they make the decision to purchase your products or services, becoming future clients and promoters. One of the most effective ways to achieve this is through an inbound marketing campaign led by trained professionals who understand who your company is and your ideal client profile, and thus create a more effective way to ensure the growth and profitability of your company.