The 7 Fundamentals Of Sustainable Business Growth
If your business is already experiencing growth, there are still key steps that you can take to plan any future growth. I found a great article that tackles the 7 fundamentals of sustainable business growth. Here are some highlights.
Sustainable growth is among the biggest challenges any business leader faces, but it isn’t a new problem. Even though circumstances are very different for modern entrepreneurs, the fundamentals of sustainable growth remain the same. Here are seven of them.
1. AUTHENTIC PURPOSE
In order to achieve sustainable success, companies must repeatedly reexamine their sense of purpose and make sure the organization serves it well.
2. A POWERFUL BRAND
Connect with the public. Make your audience feel an emotional attachment to your brand that’s grounded in confidence in your products.
3. PARTNERSHIP AND COLLABORATION
Taking on more than you can handle, especially in areas where you lack experience, can be damaging. It isn’t difficult to find talented expertise, but you have to know where to find it. There are now dozens of websites and online marketplaces that provide specialized resources.
4. CUSTOMER RETENTION
Successful retention starts with the initial contact a business makes with a customer, and continues throughout the lifetime of the relationship.
5. COMMUNITY
Ecosystems are crucial to sustainable growth because they provide the structure that surrounds and supports the businesses within them.
6. REPEATABLE SALES
A repeatable sales model builds the platform to scale. But it can take a lot of experimentation and intensive research before you hit on one that’s truly sustainable.
7. FLEXIBLE, ADAPTIVE LEADERSHIP
An adaptive, flexible leadership style comes from being mindful. Our individual, interpersonal, and working lives are all interconnected. By being mindful, we understand those relationships and how best to utilize them to create, innovate, and lead.
If you’d like to know more, head on over to the full article here for more ideas and perspective. Afterwards, why not drop me an email to share your thoughts at [email protected]; or call me on 0467 749 378.
Thanks,
Robert