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Business Strategy & Growth - Page 4

The latest business strategy, growth tips and and insights from the ProfileTree team.

What Is Creative Strategy?

ProfileTreeProfileTree // 29th August 2024

What is a creative strategy? A creative strategy is a great way to align your business, brand and marketing tactics to help take your business to new heights. Contrary to popular belief, creativity is not something you’re lucky enough to be born with; it can be taught and learned – which is exactly what this […]

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What Is The Marketing Mix? 7 Key Elements to Improve

ProfileTreeProfileTree // 3rd September 2024

There are seven key elements to the marketing mix. Image credit: SkillsYouNeed

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Types of Business Strategies: A Comprehensive Guide to Developing Strategic Excellence

ProfileTreeProfileTree // 4th February 2024

Almost half of businesses don’t have a clear online strategy. Image credit: MediaValet

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What Is Reputation Management? The Ultimate Guide to Shaping Your Online Image

ProfileTreeProfileTree // 29th April 2025

What is reputation management? If you haven’t checked lately, simply Google yourself or your company to see what appears in the search engine results. There might be more coverage of your company than you’d expect. If the information is outdated or negative, this indicates the need for reputation management. This is all about influencing the […]

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Report Summary: The Impact of Digital Marketing Training on Northern Ireland SMEs Ability To Innovate

Sara LynchSara Lynch // 6th May 2024

Natalia Thomas, MSc Digital Marketing & Analytics at Dublin Business School, recently concluded her dissertation; The Impact of Digital Marketing Training on Northern Ireland SMEs Ability To Innovate. The research aim was to assess if there is an influence between the SMEs in Northern Ireland who received the digital marketing training by ProfileTree and the […]

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What Is Guerrilla Marketing? A Comprehensive Guide for Business Success

ProfileTreeProfileTree // 5th May 2024

Guerrilla marketing is popular because it’s so cost effective. Image credit: TractionWise

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How to Build an Empire: The Building Blocks of a Successful Business

ProfileTreeProfileTree // 15th September 2024

Is your goal to build an empire around your business? That dream, held by many, doesn’t happen overnight. In the days of online entrepreneurship, the question of how to build an empire is more common than ever. So, what does it take to achieve success? And where should you start? Building a business empire is […]

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What Is Corporate Strategy? 3 Steps to Success

ProfileTreeProfileTree // 6th May 2024

What is corporate strategy? Simply a well-defined long-term portfolio approach set by an organisation after analysing their business carefully. Its main purpose is to create maximum corporate value while motivating their workforce to implement the right actions to win customer satisfaction. Companies that want to provide customer value successfully must go back regularly to their […]

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What Is B2B Marketing? Essential Definition

ProfileTreeProfileTree // 5th May 2024

What is B2B marketing? Do B2B companies have to market differently than other types of businesses? What does that look like? And most of all how could this help your business? The key here is that businesses have very different decision factors when making a purchase, compared to normal consumers. For example, businesses have to […]

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What Is A Value Proposition? Lessons To Learn From For Marketing Success

ProfileTreeProfileTree // 20th March 2024

A value proposition is a marketing statement for a business. A company uses this statement to illustrate the reasons a potential target group should purchase a product or subscribe to a service. It sounds so straightforward…but vital for your business!

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Inbound Marketing Revolution: Step-by-Step Transformation Framework Driving 7, 8 and 9-Figure Businesses

ProfileTreeProfileTree // 5th May 2024

Most marketers agree that inbound marketing is incredibly effective. Image credit: Digital Media Stream

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Mastering B2C Marketing: 7 Keys to Customer Loyalty in the Digital Age

ProfileTreeProfileTree // 5th May 2024

What is B2C marketing? What should it look like and what can it do for your business?Let’s start with a basic definition and then look at how you can create engaging and effective B2C marketing campaigns. Let’s dive right in. What is B2C Marketing? B2C stands for “business to consumer.” This refers to all the […]

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What is a Lead Magnet? The Essential Tactics Fueling 7-Figure Business Growth

ProfileTreeProfileTree // 1st May 2025

E-books are immediately accessible, easily stored and eliminates the manufacturing process. Image source: Unsplash @jamestarbotton

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What is Mobile Marketing Spend Expected to Explode to by 2025?

ProfileTreeProfileTree // 10th April 2025

Mobile users are the largest group on the internet. Image credit: HootSuite

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Top Latest Small Business Loan Statistics

Eman SamehEman Sameh // 17th March 2025

Delving into the world of business loans can seem daunting, filled with complexities and uncertainties. However, by carefully examining the latest statistics on small business financing, valuable insights can be gained to help navigate the funding landscape and make informed decisions. In this article, we will decode percentage approval rates, average loan amounts, and alternative […]

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Comprehensive Business Insurance Statistics and Insights

Panseih GharibPanseih Gharib // 8th July 2024

Protecting businesses through various insurance policies and covers has become increasingly important in today’s volatile economic environment. Business insurance safeguards against potential risks and losses and provides security and stability for business operations. Wading through the business protection insurance world can often seem daunting, as we’ve all grappled with such insecurities at some point. By […]

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Maslow’s Hierarchy of Needs: The Key to Understanding Your Target Customers?

ProfileTreeProfileTree // 11th April 2024

Why should you care about Maslow’s Hierarchy of Needs? Simple…because Marketing’s main focus is engaging with humans and that means understanding human nature, its needs, reactions and top priorities is a basic part of the marketing role. Maslow’s Hierarchy of Needs can play a major part in this. For that reason, marketing and psychology usually overlap. […]

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Financial Management: A Comprehensive Toolkit for Building a Secure Future

ProfileTreeProfileTree // 21st April 2025

If you’re in business, you’ll know that surviving as a company while investing in growth are two goals you constantly need to balance. This is where financial management becomes essential. It is often the main factor determining the success of your business. At a basic level, if you spend more than you have coming in, […]

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Promotion: The Fourth P in The Marketing Mix

Miral NassarMiral Nassar // 22nd November 2023

The marketing mix, a foundational concept in the field, traditionally comprises four Ps: Product, Price, Place, and Promotion. We discussed the first, second, and third Ps in previous articles: Products: The First P in The Marketing Mix, Price: The Second P in The Marketing Mix, and Place: The Third P in The Marketing Mix. So, […]

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The 4 Types of Customer Segmentation: How to Correctly Apply Them and The Value They Add

ProfileTreeProfileTree // 5th April 2024

No matter what your position is in the business world, the first thing you learn is the importance of understanding your customers. The various types of customer segmentation are crucial here. Even if you’re a customer, it’s almost always better to find someone who specialises in what you need. The closer a business’ offering matches […]

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Building a Winning Investment Portfolio: A Data-Backed Framework for Long-Term Returns

ProfileTreeProfileTree // 8th March 2024

The perfect financial portfolio can comprise several different elements. Image credit: TheBalance

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Effective Sales Techniques: Close That Deal!

ProfileTreeProfileTree // 17th December 2023

Effective sales techniques focus on both quality and quantity. Image credit: 99Firms

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Customer Care Superheroes: How to Create a Service Team That Wows Customers

ProfileTreeProfileTree // 31st July 2024

In today’s competitive market, it’s hard to stand out. Only a handful of startups blow up and get a piece of the cake controlled by large corporations. Many other businesses use great customer care to build up a dedicated following. Many factors are involved when it comes to the success of a business, all of […]

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Place: The Third P in The Marketing Mix

Miral NassarMiral Nassar // 24th January 2025

The marketing mix has four Ps: Product, Price, Place, and Promotion. These four Ps are a traditional framework that categorises the essential elements of a successful marketing strategy. In previous articles, we discussed the Product: The First P in The Marketing Mix and the Price: The Second P in the Marketing Mix. In this article, […]

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How to Improve Perceived Quality: 10 Strategies to Increase Customer Satisfaction

ProfileTreeProfileTree // 20th March 2024

Customers often only consider the front line of your brand relations, but the back-end support still makes a difference indirectly. Image credit: Promoter.io

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Business Objectives and Goals: Setting you up for success – 10 Examples for Small Business

ProfileTreeProfileTree // 22nd April 2024

Future planning and strategic organisation are critical for business success, and a lack of them is often the leading cause of business failure. Business objectives and goals give your business something to work towards, a vision to achieve and ultimately – a purpose for going to work every day! Whether it’s a new project, a marketing […]

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Brand Perception 101: Essential Guide to Image and Reputation

ProfileTreeProfileTree // 2nd April 2024

Brand perceptions are directly tied to profitability. After all, branding is at the core of how customers interact with your customers. Your company’s brand feeds all other sales and marketing activities. Your company’s brand is a unique experience associated with a certain product or service. This means the tangible part and the feeling and aesthetic […]

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Women Entrepreneurship: Resources, Funding Tips, and Inspiring Role Models

ProfileTreeProfileTree // 22nd April 2024

Women have struggled with rigid social restrictions and fought for equal rights for decades. With the Industrial Revolution came the shift from farming to manufacturing and labour. For some time, taking part in these jobs was exclusive to men. Women entrepreneurs still feel these effects. Bit by bit that has changed thanks to the effort […]

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What Is Quality Assurance? Thriving for Perfection

ProfileTreeProfileTree // 16th November 2023

With the industrial revolution and mass production came many new responsibilities. The process of manufacturing became much more complicated. The number of products increased insanely compared to older methods. These changes brought about the new concept of ‘quality assurance’. Then, we witnessed the digital age, which brought about new levels of complexity and higher-than-ever efficiency. […]

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Our 5 Essential Brand Attributes List

ProfileTreeProfileTree // 2nd April 2024

To build a customer base, your business must have unique identifiable traits. These identifiable properties are otherwise known as a brand. Within this, there are brand attributes, or the more specific qualities people associate with your business. To build a successful brand, it is important to understand the necessary characteristics of a brand that you […]

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What Is Quality Control?101 Comprehensive Guide to Ensuring Product Excellence

ProfileTreeProfileTree // 29th April 2025

What Is Quality Control: a critical component of manufacturing and production that affects every aspect of operations. According to recent estimates, poor quality costs businesses 15-20% of revenue annually. [1] Defective products lead to high levels of waste, rework, recalls, returns, and lost customers. However, implementing a strong quality control program has been proven to […]

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What is Copyright Statute of Limitations? Basic Guide

ProfileTreeProfileTree // 17th November 2023

These days, most copyright claims online are in the music industry. Image credit: StatCDN

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Definition of Entrepreneurship – Top 5 Characteristics That Set True Entrepreneurs Apart

ProfileTreeProfileTree // 3rd April 2024

Entrepreneurship often means taking care of all business functions by yourself. Image credit: AmazonAWS

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How to Copyright Assets: 5-Step Guide

ProfileTreeProfileTree // 14th November 2023

There are several stages to registering a copyright. Image credit: BiatConsultant

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Entrepreneurship Ideas: Top 10 Most Profitable Small Businesses You Can Launch

ProfileTreeProfileTree // 25th April 2024

Entrepreneurship requires a wide skillset. Image credit: HBR.org

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The New Product Development Process in 7 Steps

ProfileTreeProfileTree // 3rd September 2024

Preparing for a new product to hit the market should be anything but random. There is a defined new product development process that is translated into clear steps – but for budding entrepreneurs, this may be a baffling mission.

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Project Management Methodologies: The Ultimate Guide – 7 Essential Methodologies

ProfileTreeProfileTree // 6th May 2024

Project management ensures you deliver products and services for your customers correctly and on time. To guarantee this, using the right project management methodologies is important. Selecting the right project management methodology is crucial for executing and delivering projects effectively. This guide provides an in-depth look at the most widely used project management frameworks – […]

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Top 10 Project Manager Interview Questions and Answers

ProfileTreeProfileTree // 6th May 2024

With a huge scope for growth, there has never been a better time to get into project management. Image credit: Raconteur.net

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Promotional Products: The Strategic Guide to Driving Brand Awareness Through Targeted Giveaways

ProfileTreeProfileTree // 5th April 2025

Even seeing your logo once can have a huge impact on consumers. Image credit: 4imprint.

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Production Possibilities Curve: How to Construct and Leverage the Model for Strategic Business Decisions

ProfileTreeProfileTree // 5th March 2025

A production possibilities curve is crucial for keeping track of your business. It allows you to analyse its productivity accurately. This allows you to identify problems and recognize any potential improvements. Regarding production, several graphical representations allow you to balance the products you produce. It is generally a good idea to use multiple graphs to […]

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10 Event Ideas to Drive Leads and Promote Your Startup

ProfileTreeProfileTree // 5th May 2024

Global Entrepreneurship Week spans over 100 countries. Image credit: PSU.edu

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Guerrilla Advertising: 10 Tactics to Grow Your Business on a Tiny Budget

ProfileTreeProfileTree // 14th May 2024

Guerrilla advertising encapsulates unconventional, disruptive marketing tactics executed in public spaces, often with little budget. For small businesses with limited resources trying to drive brand awareness and sales, guerrilla marketing can provide innovative ways to maximize impact. Imagine stumbling upon an elaborately staged pillow fight in a park, only to realize it’s promoting a new […]

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Project Management Training Benefits: What It Teaches and 3 Professional Courses To Take

Sara LynchSara Lynch // 6th May 2024

In this article, we’ll explore the benefits of project management training, what to expect from it and where you can find project management courses. It’s a major transferable skill and a highly sought-after one at that.

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Understanding Business Revenue Statistics

Eman SamehEman Sameh // 4th February 2024

Negotiating the intricate domain of business revenue statistics can often feel akin to navigating a convoluted labyrinth, particularly when it pertains to small businesses. However, were you aware that small businesses add a whopping 44% to U.S. economic activity? With diligent research and careful consideration, we have emerged equipped with enlightening insights into these crucial […]

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Insightful Business Spending Statistics

Eman SamehEman Sameh // 11th January 2024

Understanding the allocation of business capital can be as daunting as ascending Ben Nevis. The process is characterised by the meticulous examination of numerous receipts and detailed Excel spreadsheets and the frequent confusion over inconsistencies in the business spending statistics. This blog post, armed with thorough research and enlightening details like marketing budgets comprising 11.2%, […]

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Top 10 Business Networking Sites to Grow Your Connections

ProfileTreeProfileTree // 17th May 2024

The more you network, the more likely you will make a sale. Image credit: MarketingExpertus

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Price: The Second P in The Marketing Mix

Miral NassarMiral Nassar // 5th May 2024

The first thing you do when you purchase any product is compare the prices of different products with each other. However, it’s not a simple chore to set if you’re on the opposite side of the negotiation. Price significantly impacts how clients decide whether they buy from you. If it is higher than your competitors, […]

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The Rise of Home-Based Businesses with Statistics for 2024

Miranne KhaledMiranne Khaled // 5th May 2024

A home-based business, also known as an HBB, offers a thrilling opportunity for entrepreneurs to flourish within the comforts of their own home office. What sets these businesses apart from traditional ones is their intimate size, typically consisting of only a few employees, often immediate family members.  This brings a unique quality to these ventures, […]

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Online Marketing Tips: 10 Strategies to Grow Your Small Business

ProfileTreeProfileTree // 23rd July 2024

In today’s digital landscape, small businesses face both unprecedented opportunities and significant challenges when it comes to online marketing. With the right strategies, even the smallest ventures can compete on a larger stage, reaching new customers and expanding their market presence. However, navigating the vast array of digital tools and platforms can be overwhelming. To […]

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Products: The First P in The Marketing Mix 

Miral NassarMiral Nassar // 9th September 2024

A complex concept like “products” needs to be precisely defined. It is frequently where strategic planning starts because it is the first of the four marketing mix factors, followed by Price, Place and Promotion. Making judgements on specific items, product lines, and the product mix requires coordination. You need to have a marketing mix if […]

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3 Strategic Cross-Cultural Management Concepts to Consider: McDonald’s Case Study 

Panseih GharibPanseih Gharib // 17th December 2023

Since the business world has turned global, strategists’ efforts do not stop at the company level. Several global events in different parts of the world affect international business. While it is challenging to cope with interchanging circumstances, some cross-cultural management concepts might help you adapt swiftly.  Below, we will discuss those concepts and try to […]

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Business Strategy and Growth Insight

A well-crafted business strategy is crucial for setting up, developing, and growing a successful business in any industry. Whether you’re looking to set new business priorities, outline growth plans, determine a product roadmap, or plan investment decisions, a solid strategy is essential.

Most businesses start small and remain that way. However, if you aspire to grow your business and ensure its long-term survival, there are examples of companies that have successfully transitioned from start-ups to thriving large businesses.

Creating an effective strategy can be challenging, but it doesn’t have to be daunting. By breaking it down into smaller, concrete chunks and iterating through key questions, you can develop a better strategy with less pain and wasted time.

Key questions to consider when building a business strategy:

  1. What is your purpose or mission?
  2. What sets you apart from competitors (Unique Selling Proposition)?
  3. Who is your ideal customer?
  4. Why should customers choose your products or services?
  5. What is your primary marketing strategy?
  6. Who is your target audience?
  7. How will you price your offerings?

Developing a Growth Strategy

In addition to a solid business strategy, focusing on growth is essential for long-term success. A growth strategy outlines how your business will expand and increase revenue over time. Key elements of a growth strategy include:

  1. Market expansion: Identifying new markets or customer segments to target.
  2. Product development: Innovating and improving your products or services to meet evolving customer needs.
  3. Partnerships and collaborations: Forming strategic alliances with other businesses to access new markets, resources, or expertise.
  4. Acquisition: Purchasing other companies to expand your market share, acquire new technologies, or eliminate competition.
  5. Diversification: Expanding your product or service offerings to reduce dependence on a single market or customer base.

Implementing and Monitoring Your Strategy

Once you have developed your business strategy and growth plan, it’s essential to implement it effectively and monitor progress regularly. This involves:

  1. Communicating the strategy to all stakeholders, including employees, investors, and partners.
  2. Allocating resources, such as budget, personnel, and technology, to support the strategy.
  3. Setting clear goals and metrics to measure success.
  4. Regularly reviewing progress and making adjustments as needed.
  5. Celebrating milestones and successes along the way.

By addressing these key questions, developing a growth strategy, and continually refining your approach, you can set your business on the path to long-term success and growth. Remember, building a successful business takes time, effort, and adaptability, but with a solid strategy in place, you’ll be well-equipped to navigate challenges and seize opportunities as they arise.