Always Go For Slow Growth
Daily Read – Always Go For Slow Growth
Every start-up dreams of making it big someday. Slow and steady will win the race in business every time. No matter if you’re adding your tenth customer or your ten thousandth, being able to scale can make or break a brand. The most important lesson you should remember in business is: do not grow until you’re prepared to handle it. So how do you grow at a manageable speed? Follow these pointers:
- Expand intelligently. From expanding to a new geographic region or rolling out new features to appeal to more customers, make sure you have resources in place.
- Think about your reputation. Your brand reputation matters to every person that touches your product. The last thing you want to do is tarnish your relationship’s and your brand’s image.
- Do industry research. What works in one industry, won’t work in another. Make sure you study what similar companies have done.
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