Monday, February 11, 2013

The fundamentals of growth : Growing

Tip of the day – The fundamentals of growth : Growing

Growing companies start off surviving. They search for a footing and take control of it. Most start up companies have a great heads up on the competition because their “Business Plan” is a solid one. They have their “3 Needs of Success” formulated to hit the ground running. If a company is struggling it's easy to figure out where they stand in “The 4 levels of a company's foundation”. If expenses (Overhead) add up to $3,500 a month, and income is this...

Week 1 : $1,000
Week 2 : $850
Week 3 : $900
Week 4 : $1,000

This equals $3,750. A person in this company is simple “Surviving” at this point. When a company starts bringing in enough income to bust through sustaining a month to month lifestyle it'll start hitting a better stride in growing. Increasing awareness to build interest in a company brings in traffic. It starts with opening doors to a person's eyes. Once they see it, they'll talk about it if that “Brand” touches them in a personal way.

Week 1 : $3,750
Week 2 : $1,875
Week 3 : $1,875
Week 4 : $937.50

Same company, with the same expenses, hitting a month shown above is a “Growing” company. They have hit their overhead in the first week. A second month within the second and third week and finally a quarter of their third month has started to be earned in their fourth week. It is a company capable of surviving a minimum of two months in one month. It is a start to an expanding possibility! Keeping a business plan in check will ensure this.

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