| Marketing
Strategy –
The Secret to Doubling Your Revenue in 12 Months
Why
Some Companies Thrive and Others Wither
The single most prominent problem we see over and over again are
companies that are at the end of their resources and are far from
the finish line of excitingly profitable revenues. In fact, we’ve
calculated that as many as 85 out of 100 businesses have completely
failed after five years and 11 out of the remaining 15 have failed
to thrive, or dramatically under perform the way the founder had
anticipated. The fall out is most likely financial ruin, stress,
strained relationships, and most importantly lost time and invested
savings leaving many with a sour experience in free enterprise.
On
the brighter side there are the remaining 4 companies that did something
different, possessed some secret formula, and had access to sufficient
resources. What is the secret? We’ve determined that business failure
is a result of one, or more of the following: lack of knowledge,
lack of skills, insufficient capital, or failure to take appropriate
action. All successful, thriving companies have assembled around
them all four of the elements of success: knowledge, skills, capital,
and accountability.
Two
Critical Components to Becoming a Thriving Company
Nobody goes into an entrepreneurial spasm thinking, “How can I lose
my money, family, and friends through this new venture.” You love
to waste your time and lose money… right? …of course not. We all
develop a new enterprise believing we’re going to be sitting atop
the next Microsoft. To become a Microsoft, or even a modestly thriving
company for that matter, you must adhere to two critical, foundational
components: The first is, “Be in business on purpose,” and the second
is, “Be Market Driven™.”
Being
in business on purpose is a far-reaching concept. It means that
you know what you want out of your business and that everything
you do in your business has a purpose. It means understanding how
your business fits in the roadmap to achieving what you really want.
Defining the purpose for being in business is difficult for most
people. Sometimes it’s financial quests and sometimes it’s necessity
(for the psychologically unemployable). In all instances; however,
it boils down to a desire for freedom.
Most
business owners get lost in the busyness of business and get so
close to the wheel they fail to recognize major road blocks that
are easily remedied. We discover all to often that entrepreneurs’
attachments to ideas are stronger than intended purposes. Attachment
to “my baby,” can become your largest pothole. If you ever hope
to make it to the top tier of revenue generating behemoths, you
must be, first and foremost, a market driven company. Being market
driven means you are responding to the needs and demands of a targeted
marketplace and not foisting your products on an uninterested market.
Be
Market Driven™ and Watch Your Revenues Skyrocket
Shifting your existing company to a “market driven” company is no
small undertaking. It’s a shift in thinking as well as a shift in
strategy. Sometimes the transition involves a name change, new product
offerings, and even a whole new identity. It’s all subject to what
your target audience wants. Hitting the mark correctly means dramatically
improved revenue. Hitting the mark with as little miss-steps as
possible requires a carefully thought out and researched strategy...

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