Growing The Business
Whether business is going beautifully or dreadfully, entrepreneurs get a lot of pressure to grow the business. “You’ll be more profitable once you grow bigger.” “You’re earning good money, it’s time to grow the business!”
Is growth the answer? And, if so: how to grow and by how much? Too many initially successful ventures have been snuffed by non-strategic, overenthusiastic expansion.
A. As Entrepreneur magazine notes, there are at least 10 ways in which entrepreneurs can grow their businesses. Which of these growth methods seems best suited for your venture and why?
http://www.entrepreneur.com/article/70660
B. By which of the following methods would you be least likely to expand your business? Why?
C. Lean Startup guru & Professor Blanks offers two key ways to grow your business here. How could you apply these in your venture?
https://www.youtube.com/watch?v=dDZ-8osOkSo