What do you do if your business is struggling to grow?

To add on, you could go back to when the business was thriving and analyze what could have gone wrong. It could be goals set were unrealistic, new competitor or failure to promote your products and services.

Quando o negócio enfrenta dificuldades em crescer, é crucial fazer uma pausa e reavaliar os objetivos estabelecidos. Muitas vezes, perdemo-nos na correria do dia a dia e nos afastamos do rumo inicial. Pessoalmente, já me vi nesta situa??o e percebi que voltar aos objetivos iniciais trouxe clareza e dire??o para as a??es futuras. às vezes, é preciso ajustar as metas para se alinhar melhor com a realidade do mercado e com as capacidades da empresa.

Assess your current business strategy and determine if it aligns with market trends, customer needs, and competitive landscape. Consider revising your strategy to adapt to changing circumstances. change goal me be a last option because when i set my goal first time it should be with proper research.

The first thing a business should do when facing such a situation is go through an analysis process, starting with the market and competitors, then moving to an internal analysis, with a primary focus on customer needs. This contrast allows understanding where elements exist elsewhere that are lacking here, and where improvements could be made. With these findings, new marketing strategies, customer retention plans, partnerships, among other growth models, can be created. Maintaining open communication with customers is key to understanding and adapting. (ES) Se debe hacer un análisis, primero del mercado y la competencia, luego uno interno, con principal foco en las necesidades del cliente. Esto nos dirá ?Qué falta? ?Dónde podría mejorar?

If you need to revisit Goals ,it is perhaps due to changing market dynamics and your inability to adapt. If you need to revisit Goals,it may be due to a poor assessment of the markets and your business planning. You can’t be revisiting Goals unfortunately,it may be too late. It’s best you get your first business planning and assessment right..

The first thing is to introspect whether I really know my customer and his needs well Rest will fall in place, when I build my strategy - that is the best of my company strengths applied to the most prioritised and promising opportunities

One of the things I found helpful was constantly monitoring both your macro and micro environments to see what could be influencing the struggle and how you can adapt and adjust your strategies. Our company operated in a highly volatile environment influenced by high inflation, general economic turmoil, political instability and rapid policy changes. We saw many business struggle and shut doors. Having your hand firmly on your wheel to manouvre the macro environment was critical. Therefore I would say if your business is exposed to any volatility then scenario planning informed by the monitoring is your next key. This will help you handle the micro environment with ease so you can move from struggling to stability and then to thriving

Entender o que a concorrência está a fazer é essencial para identificar oportunidades de melhoria e diferencia??o. Em momentos de dificuldade no crescimento do negócio, é importante fazer uma análise profunda dos concorrentes. Já passei por isso e descobri que estudar a concorrência me ajudou a identificar lacunas no mercado e a adaptar minhas as estratégias. Observar como outros est?o abordando os desafios pode inspirar solu??es criativas e inovadoras.

Chambers of Commerce are a great place to increase your professional contact base, find new clients, and get involved in your community! Search the Chamber's Membership Directory by business category to find your next best clients and new markets.

Em tempos de dificuldade, uma rede de contatos sólida pode ser uma verdadeira tábua de salva??o. Investir em relacionamentos profissionais pode abrir portas para novas oportunidades, parcerias e até mesmo conselhos valiosos. Quando o meu negócio enfrentou obstáculos, percebi como os contatos certos podem fazer toda a diferen?a. Nunca subestime o poder de uma boa rede de networking para superar desafios e impulsionar o crescimento.

Leveraging your personal network proactively is one of the highest potential business growth channels we have. In studies 97% of people claim the rely heavily on referrals and business from their network but only 3% have any kind of plan to proactively get get more. Like anything you can learn how to network and also leverage your network ( called Referral Marketing ) the best thing about these strategies are that they are almost free and are recession proof. There are some great books to get going on this. By Ivan Misner, Bob Burg to name a few. You can also check out the advanced courses by Asentiv

Build an ecosystem of consultants and channel partners and resellers to expand your network. Focus on the planned markets without diluting and spreading yourself thin. Strengthen your network in the planned markets and geographies Use the More from Less approach.

First and foremost you would need to do an assessment on whether the growth delay is intrinsic(within your organisation) of external (outside of your control/marketplace). Intrinsic has more to do with giving your organisation realistic expectations, versus the pie in the sky, while you need bread on earth. This can be linked to over capitalization in certain areas and neglecting others. External on the other hand has to do with marketplace conditions, geography and political climates. If your business is a start up it would be wise to work with mentors who have had successful business's and have gone through the birth pangs of starting a new business. Or simply ask for advice from similar or other business, as well as do your research.

Goals and plans are achieved by many organisations. Execution is where companies start failing and eventually end up loosing business.

Find the right customers as you might be entertaining the incorrect or a growing market not suitable for your products as yet. Branch out and be smart.

Offering new products based on existing products or a litter diversification after analysing the potential would be a probable way

The thing I have seen frequently is the absence of a growth strategy. There are any number of core optimization initiatives, tech transformations and op model changes but the thing that is often lacking is a growth strategy that charts a course for the business to focus on and invest in. Reactive problem solving just doesn’t cut it anymore. More than happy to talk growth options!

Appeal to emotions, we humans respond emotionally and justify with logic. Customers buy you first and then what it offered therefore do not rely marketing only from a screen or AI driven process. The touch and feel are key to 50% of your potential client base.

In Constellation therapy we understand and believe that every business is a representation of what’s happening with the owner and founder. So if the business is small and owner led, then it’s a good time find out more about Organisational Constellations. If the business is large and the owner isn’t involved in all decision making, then we explore what is called entanglements. The solution might be almost as similar as the one above.

A business doesn’t grow if 1) people don’t know about the product or service or 2) they don’t want it. Start by assessing the reasons for your lack of growth. If you are already getting lots of sales opportunities but can’t convert then look within at your product, service, price, quality .. if you’re simply not getting enough opportunities then more marketing is required ??

We may need to revisit or relook at the marketing style and audience and location . Some kind of survey from the target area and audience will help in redefining marketing strategies and goals.

First analyse what u are doing. What works, what does not. Are u clear about what you really want to accomplish? How clear are u about your positioning. your message and which channel is the best for you? In my experience, business owners are looking to much on social media and are attracted to short cuts. Only a dead fish follows the strem... Be More Buffalo and face the storm. The solution is having a solid network.

Make sure you are investing your marketing money on what is actually working not just what people tell you to spend it on Big companies have much larger budgets and hence can have a broader reach. Look to leverage your network which is ultimately free. Social media is a great tool for B2B to build awareness but has one of the lowest convesion rates and yet highest costs compared to other funnel options. Remember you can't eat "likes". Strategies like referral marketing can boast conversion rates of 1 in 6 or better.

Conduct a Comprehensive Business Review Your Business Strategy Focus on Customer Acquisition and Retention Improve Operational Efficiency Explore New Markets or Product Offerings Seek Feedback and Collaboration Invest in Talent Development Monitor Key Performance Indicators (KPIs) Seek Professional Advice Stay Resilient and Persistent Remember that overcoming growth challenges requires a combination of strategic planning, execution, and continuous learning. By addressing underlying issues, seizing opportunities, and staying committed to your business goals, you can navigate through periods of stagnation and work towards achieving sustainable growth.

When your business faces growth challenges, revisit goals to ensure they align with market realities, analyze competitors to identify gaps you can exploit, and strengthen your network to unlock new opportunities. Optimize operations for efficiency, consider diversifying offerings to attract different customer segments, and revamp marketing strategies to better reach your target audience. Additionally, maintain flexibility to adapt to industry changes and be open to revisiting your approach based on performance and feedback. These steps can help reinvigorate your business and set a course for sustained growth.

Every business is run by a system. In the event business is low instead of sitting back I keep taking action and showing by business plan to more and more people.