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Small Business Growth Strategies for 2023

ACT

With the rising operational costs of the post- pandemic era and the fears of a global recession increasing with every passing day, running a profitable small business isn’t easy. In fact, did you know that 50 percent of small businesses fail within their first five years? Small business growth strategies for the new year .

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What Is An Account Development Manager? (And How to Become One)

Hubspot Sales

While many companies are hyper-focused on making the sale, building lasting relationships with customers is an essential aspect of achieving sustainable business growth. Individuals in this role work with their company’s sales and operations teams to determine the profitability of a customer account.

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AARRR Growth Funnel

Flevy

Dave McClure, a Silicon Valley investor, came up with the AARRR Growth Funnel model to effectively acquire and retain customers and generate profits. AARRR Growth Funnel is a great visualization tool that investigates how customers behave throughout the Customer Journey.

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6 Networking tips for entrepreneurs to build profitable relationships

ACT

Here are the two fundamentals of building and growing any business relationship. To build profitable business relationships and grow your network, share your knowledge with people, whether you meet them in person or online. Be a walking advertisement of your startup and ensure everyone you meet gains value from talking to you.

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Top 10 tactics for lead generation using social media

Apptivo

Employ Paid Advertising: Social media networks provide you with effective targeting choices that can help you find your perfect client. Make use of paid advertising to spread the word about your content and create leads. By providing a worthwhile prize, such as a cost-free good or service, you may entice individuals to participate.

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5 Pitfalls of Rapid Growth and How to Avoid Them

CMOE

While some businesses manage to transition from niche to mainstream by scaling with ease, others struggle to maintain their identity and high standards of customer service—and eventually, their profits. Lack of a business-growth strategy. Minimal understanding of the financial impact of rapid growth.

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Customer relations 101: A customer relationship guide

Zendesk

This may differ depending on the size of your business and the style of your customer service. Customer relations is one of the most undervalued aspects of potential business growth (partially because it can require a large investment). It’s the sum of all customer interactions and experiences. But it shouldn’t be.