Business Strategy

Deciding on your business strategy can be a complex task. You can find a few ideas searching BusinessFood's database of small business collaboration ideas

A business strategy will provide a path for your business to follow and enable growth. For example, your strategy may be to increase revenue by 40% in the next two years. Once a strategy has been defined, you can then measure the results against your strategy to measure your success.

Typical business strategies will include a marketing plan, target audience and realistic revenue goals for the business. For example, you could employ networking marketing if you are perhaps on a low budget. You can identify businesses that are likely to interact with clients similar to your potential clients. A Realistic goal could be to contact one business a week you think you could form a business partnership with. Continue with the strategy for six months and by then you should have a fair idea of whether the plan is working.

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