Starting a business is not an easy feat. Making your startup a success is also equally difficult – if not more. Achieving success in the business world is not just about surviving. It is all about rapid growth, and a startup, or an established enterprise for that matter, requires a fool-proof growth strategy for survival and success.
Here are the seven key steps that comprise an effective growth strategy for startups: 1. Know your value proposition Understanding the value proposition of your business is the firm foundation of an excellent growth strategy. It is essential to define how uniquely your company is qualified to fulfill or exceed your customers' expectations.
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