If you can identify the internal barriers holding you back, you may discover untapped potential to grow more revenue, says John Cleary of Cash Management Specialists. He has a 9-step strategy to increase cash flow – and it doesn’t necessarily mean spending more money in one area or reducing costs in another to get there. John explains how breaking down internal silos will help reveal where the opportunities for increased revenue really exist. Then, make sure you understand your clients’ needs and ask some hard questions about your product or service range.
But, speed and safety is your priority in growing your business, why not consider an acquisition? Warren Otter was in the manufacturing game for more than 20 years and found that he grew much more quickly via acquisition after struggling to grow organically. He’s written a book on his experience “Crank it up: the proven way to drive your business to greater wealth” which is full of practical advice on developing an acquisition strategy. These days Warren advises others on how to achieve growth, with his consultancy Otter & Associates.
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