1. After the epic disruption of businesses by covid-19, firms need to understand that old ways are failing now. And the best approach to seek is to embrace this GLOBAL CHANGE.
5 PLANS TO SCALE UP YOUR BUSINESS IN 2021.
Last year was a horrible year for business owners especially MSMEs.
Most companies are striving to stay in business, some are just on the verge of bankruptcy while others have been brutally battered by uncertainties & downward curves.
1. After the epic disruption of businesses by covid-19, firms need to understand that old ways are failing now. And the best approach to seek is to embrace this GLOBAL CHANGE.
When you do so, you’re using one stone to kill two birds- adapting to change & solving problems.
People are welcome to new innovation, they just need a reason to believe it. Embrace the change
Reason: The customers' needs & their problems are in a constant state of change.
Your customers’ needs are a top priority. Focus on understanding how your CUSTOMERs react. A simple Q&A session will go a long way.
We need reliable firms to lead women’s developmental programs, champion drug free education, encourage young entrepreneurs etc.
As the MD/CEO, you need to show some confidence, courage & optimism despite the odds. Influence your employees- act like everything is under control.
Working smarter is about leveraging the talents of people and collaboration.
I hope to see you implement these plans.
©️Ajadi
More from Business
Introducing "The Balloon Effect"
Many businesses & creators have experienced a similar pattern of success.
From @MrBeastYT and @MorningBrew to @oatly and @Rovio.
Let's break down what "The Balloon Effect" is and examples of it in real life.
Keep reading 👇
1/ What is "The Balloon Effect"?
It is a particular pattern of growth.
It is not Instagram's growth trajectory.
It is not https://t.co/5axsTUKek6's growth trajectory.
"The Balloon Effect" is defined by several years of hard work & grit complemented by slow, linear growth.
2/ And then one day, one month, or one quarter...everything changes.
A business hits a tipping point and its trajectory shifts entirely.
Gradual growth turns to exponential growth & your brand and your size explode.
Like a step function.
3/ Now, you're probably wondering.
Why is it called "The Balloon Effect"?
Because filling/popping a water balloon follows the exact pattern I just described (and so many businesses experience).
Long unsexy slog 👉 Exponential tipping point.
4/ Initially, you turn on the faucet & water takes up space in the empty balloon.
Through effort you open the faucet, yet the results are unexciting.
But it's what must be done for water (or growth) to happen at all.
It's not sexy, but it's necessary.
Many businesses & creators have experienced a similar pattern of success.
From @MrBeastYT and @MorningBrew to @oatly and @Rovio.
Let's break down what "The Balloon Effect" is and examples of it in real life.
Keep reading 👇
1/ What is "The Balloon Effect"?
It is a particular pattern of growth.
It is not Instagram's growth trajectory.
It is not https://t.co/5axsTUKek6's growth trajectory.
"The Balloon Effect" is defined by several years of hard work & grit complemented by slow, linear growth.
2/ And then one day, one month, or one quarter...everything changes.
A business hits a tipping point and its trajectory shifts entirely.
Gradual growth turns to exponential growth & your brand and your size explode.
Like a step function.
3/ Now, you're probably wondering.
Why is it called "The Balloon Effect"?
Because filling/popping a water balloon follows the exact pattern I just described (and so many businesses experience).
Long unsexy slog 👉 Exponential tipping point.
4/ Initially, you turn on the faucet & water takes up space in the empty balloon.
Through effort you open the faucet, yet the results are unexciting.
But it's what must be done for water (or growth) to happen at all.
It's not sexy, but it's necessary.
