This is the extent to which products or services are recognized and bought by customers in a particular market compared to the total estimated size of the market of that product. It is the percentage of your target market that you sell to in a period of time. By the way, if you are still…
Last week we looked at what it meant to scale your business. We will continue with areas of focus for businesses looking to scale up 1. Strategy: Number one thing every business must have to scale their business is right strategy. The strategies used for scaling a business is what differentiates a small business, a…
Research shows that 20% of new businesses fail within their first year. By the end of their fifth year roughly 50% fail while only about a third of businesses survive after 10 years. The reason is not farfetched as many business owners jump into the market without a thorough understanding of the market and so…