Growing a small business is no easy feat and requires a tremendous amount of perseverance, dedication, focus, and even some luck. Knowing how to manage your growth and ensuring your ability to deliver exceptional service to your customers are paramount for long-term success. While a myriad of strategies can enable a small business to achieve growth, here are several that warrant consideration and implementation. Whether your small business is newly launched, is ready to grow or is in a holding pattern, the thoughtful implementation of these growth strategies can help you succeed well into the future. This article was written for Business 2 Community by Renee Walker. Learn more about writing for B2C.
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Product and service reviews are conducted independently by our editorial team, but we sometimes make money when you click on links. Learn more. Historically, most companies' time, energy and resources have focused on their bottom lines — securing the best financial performance for their shareholders. However, times are changing, and today's consumers and employees are more engaged and socially conscious. They want to work for companies and support businesses that make money while also positively contributing to society and working for the greater good. They hold businesses accountable for their choices and the impact those choices have on a local and global scale.
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An investment strategy is a defined approach to investing that shapes the choices an investor makes for his or her portfolio. Different investment strategies assume specific tactics based on fundamental beliefs. For instance, value investing seeks stocks that are undervalued and are selling for less than their true worth, whereas growth investing aims to find investment opportunities in companies that have high potential for growth.
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