What is my growth strategy?
Many businesses and non-profits have a strong desire to grow. But, are we actually planning, preparing and pushing for growth? Have we considered our options for growth?
- Market Penetration
- Market Expansion
- Product/Service Expansion
- Diversification
- Acquisition
- Innovation
Perhaps it makes sense to place the options in a decision matrix for further consideration.
|
Important/Difficult |
Important/Less Difficult |
|
Less Important/Difficult |
Less Important/Less Difficult |
Plenty of information is available online. Here are some examples:
https://smallbusiness.chron.com/growth-strategies-business-4510.html
https://www.entrepreneur.com/article/240853
https://www.smartsheet.com/free-strategic-planning-templates
There is also assistance available, free or at a low cost, to help you explore your options and maybe, from a different perspective, propose others.
www.lancasterlebanon.score.org
www.score.org (national parent organization)
www.sbdc.org (national parent organization)
Contact Paisley Solutions for the Excel version of the decision matrix or download our “Gearing Up For Growth” scorecard.