Among my small business clients, I regularly notice that owners with a clear business strategy tend to run buoyant, growing companies. So if I was helping you develop your business strategy, we would start with two key questions:
1. Choose what not to do. You might coose to deliver fewer products and services excellently and to avoid spreading yourself across the marketplace.
2. Compete on value not price. You could increase the value you deliver to key clients and then use their testimonials and recommendations to lead you to new contacts.
3. No competition. How about offering something that no one else does (or can copy) so that you stand out from the crowd?
4. Paranoia stays ahead. Some people like to keep watching what their customers want then work hard to keep satisfying them. This works well where the market is stodgy and your competitors assume that regular custom equals tied income.
5. Distinctive value. As a specific example, I give my clients a calm oasis in which to define their goals, and create achievable plans, so that important work is protected from interruptions.
6. Trade-offs that build value. By tuning a package of services to your customer's needs, you could create sales barriers against your competitors.
You can set a clear direction
Following your choice of market strategy, we would then refine this material into a clear statement of intent so that your marketing plan (and business plan) can be well focused. This might seem like hard work but the benefits become clear as your company connects with your customer's needs and your income and profit grow.
Adrian Pepper coaches people through business and personal difficulties, helping companies figure out what to do, how to move forward and what to get organised. You can contact him through Help4You Ltd, through his website at http://www.help4you.ltd.uk or by phone +44-7773-380133. At http://feeds.feedburner.com/help4you, you can listen to his podcast for small businesses. Article Source: http://EzineArticles.com/?expert=Adrian_Pepper |  |