Most companies when they sit down to do revenue projections for next year focus on one area of their business. That’s fine if you only want incremental growth. What if you looked at three interrelated areas and were able to realize exponential growth. It’s all in the way you look at your business and the potential opportunities. Frame your initiatives around all three to see massive growth.
The initiatives don’t have to be fundamental shifts in your core business. They don’t have to be a huge stretch goal that you know you’ll never achieve. If you just grew your business 2% in each category below…that’s an 8% increase…3% growth in each category would get you a 27% increase…sounds like bonus time.
Follow this formula to grow your business exponentially. Add a percent increase number to each of the blocks and multiply the three together. You’ll come up with a potential number for growth. Make sure you have a solid plan for each category of growth.
