Entrepreneur Life Plans
Marketing Strategy is important for next level growth
Both online and offline mode should be part of the overall strategy
Social media is important for survival of any business/services
This helps growth entrepreneurs to improve productivity
Process automation is the use of technology to substitute and/or supplement manual processes to manage information flow within an organization to lower costs, reduce risk, and increase consistency
Product management is to define, develop, deploy and maintain product and services for competitive advantage and financial benefits
Product managers spends time in understanding what customers need and make necessary changes in the product or introduce new products
Growth Strategies is about increasing Revenue and Sales and exploit the existing demand
There could be different Strategies based on market, gender, region etc.
Brand building is very important excercise for growth entrepreneur
Brand Building is enhanching brand’s equity directly through advertisement campaigns or indirectly through promotions such as event sponsoring
Brand enhancement creates long term profitability for entrepreneurs
In the present enviroment, this is most important function for any business or service
Every rupee saved is rupee earned and gives an entreprenur economic advantage over its competitors
If one looks into any process critically, there is definitely a room for cost saving in it
During the growth stage, diversification is very important for an enterpreneur
Diversification is a strategy that takes a company into new markets with new products or services
There could be various strategies of diversification i.e. related diversification or unrelated diversification
For next level growth, Amalgamation and Mergers are frequently used by growth enterpreneurs
This helps an entrepreneur to expand quickly in the new market
SME Listing platform helps small and Mid-level corporates to raise equity capital
During growth stage, a company has the aption to raise funds through Initial Public Offerings (IPO)
Overall result which a growth entrepreneur is looking for increase in the market share by going through the entire process shown in this diagram