Americore Growth Strategies
At Americore, our business advisory services can save your time and help point you in the right direction for improved cash flow and business strategics. The unique approach we take at Americore, involves working with you and/or your team to augment or revise your own planned business growth. Our methods can even help you to exceed your goals.
Having an effective business strategy is vital to the success of most businesses, but we recognize that few busy entrepreneurs can take enough time away from performing critical daily business activities to take the time to strategize. As a refresher course, we’d like to revisit some common sense universal growth strategies.
- Grow Market Share. Your company seeks to gain a larger portion of the current market share for your business products or services than it has already retained. Generally, the ways to increase your market share are to step up your marketing efforts, increase product appeal (with improvements) or reduce your product pricing.
- Enter new markets. To find new markets for your current products may entail expanding sales into a new city, state, province or country.
- Diversify. You can develop new products to add to your current line. These new products can be sold to your current customers or to new customers. Often the new products are in a related line of business, but that is not necessary.
- Acquisition. A cost effective way to increase market share is to buy another company. You gain an established clientele and operation, which you can adjust, if needed to add value. This is particularly useful if you are seeking to expand into a new state, province or country.
- Buy a Franchise.Franchises usually come with name recognition, existing marketing power and support from the franchise owner. You do need to research all costs, since it varies by franchise, such as start up fees, royalties, required supplies, and advertising.
- Strategic partnerships. Form a partnership with other companies. This could be a simple agreement with another business, in a complementary market, for cross referrals.
- Reposition or improve efficiency.by repositioning your products, or changing how consumers view them, or by improving efficiencies in your production and/or sales, you can achieve increased sales and reduced costs. Both methods yield growth.
Each of these strategies can encourage growth. Americore takes a more unique approach by working with your team on your own growth strategies. We then work with your team to employ several underutilized, but profound programs that fit your strategies well, and which can best augment your growth strategy results. Sometimes these programs contain incentives, rebates, or credits. Sometimes these programs provide cash flow to fund growth opportunities. Every program we recommend is a time tested, valid program that has yielded results for other businesses like yours. You can contact us at https://www.AmericoreUSA.com to discuss more details of several of the uncommon approaches we use.
Just a reminder, it costs you nothing to make the phone call. We should start a conversation. You’ll be glad we did.