The Secret of Business Growth

Expand where it makes sense. Diversify, but do not dilute.

There are many different strategies that a company will pursue in order to achieve its business growth goals. These strategies might be: to expand on or add a new array of strengths, to explore unique territories, to strengthen competitive advantages, to explore untapped potential or brand licensing only to name a few.

Appropriate planning is necessary in order to make the correct move and without it, there can be major risks associated. These risks can include failing to realize the full potential of the core business, diversifying too far and too quickly and not redefining your core competencies once the growth has started. In addition to not planning a strategy appropriately are all these threats that are associated with not developing an approach for long-term growth.

Immediate growth can be very satisfying, but growth itself will peter out over time unless there is an effective and competitive long-term growth plan in place. The search for growth should not be at the expense of focus or relevance because a lack of either is potentially disastrous. It is imperative to have a deep-rooted understanding of which type of growth is best suited for your individual company.

The vast majority of growth, especially in time of pandemics, comes from competing in the right markets and from making acquisitions that provide scale and increase market presence that will last over time. With a true understanding of the business comes the ability to step out of your comfort zone and seek new yet appropriate growth opportunities.

You are thinking about growing your business! Here are four key points to consider: Understand yourself as a company and thrive off of what you are good at; have a plan to grow for now and for the future; expand where it makes sense, diversify, but do not dilute and strive to be a part of something bigger.

Michel Ouellette JMD, ll.l., ll.m.
Systemic Strategic Planning / Crisis & Reputation Management

JMD SYSTEMICS, a division of King Global Earth and Environmental Sciences Corporation

Systemic Strategic Planning / Crisis & Reputation Management

Skype: jmdlive

Web: lefuturistedailynews.com | jmdsystemics.com | bunkumless.com

Michel Ouellette /  J. Michael Dennis, is a Former Attorney, a Trial Scientist, a Crisis & Reputation Management Expert, a Public Affairs & Corporate Communications Specialist, a Warrior for Common Sense and Free Speech.

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How to Reinvent Yourself in 2019

“All reinvention requires change. But not all changes are a reinvention”

Most people want to be better. They want to live better lives, be happier, and have better relationships. But most people are horrible at execution and not everyone get the opportunity to reinvent themselves.

If you are in your thirties and you did not already met success, chances are, if you don’t decide to reinvent yourself now, that you will never be successful at anything.

The difference between change and reinvention

All reinvention requires change. But not all changes are a reinvention.

You lose your job; your spouse dies; you suffer a critical injury; you make a drastic personal or professional mistake; your girlfriend dumps you; your boyfriend or spouse is cheating on you, these are examples of situations that call for “Reactive Reinvention”.

Reactive reinvention occurs when an external event occurs and forces you to change in order to move forward. The event being irreversible, you cannot go backward.

You want a new job; you want to start a business; you want to live healthier; you want to run a marathon; you want to learn a new skill; you want to start a new relationship; you want to do something that you have never done before; you want to do something that no one has ever done before, this is the land of visionaries, romantics and entrepreneurs, who believe that there is a better way to live. This is the land of “Proactive Reinvention

Proactive reinvention is the land of visionaries, romantics and entrepreneurs where you intentionally change your way of life in order to capitalize on a trend or an opportunity.

There is also the land of failure; the land of “Reflective Reinvention”. Reflective reinvention occurs when you fail at something, but you still have a strong desire to continue in that particular endeavour.

You fail at launching a new business or finishing first in this athletic competition, but you still have this strong desire to win, to be this successful entrepreneur. You fail repeatedly; you fail over and over, but you still have that strong desire to make it.

At this stage, the key to reinvention and transformation at this stage is: to “Change Something About Yourself” and the only way to change this something about yourself is to reflect on your situation and then, to make the required necessary changes in yourself that will allow you to win.

What would be your best possible strategy for 2018?

You want to change, you want to reinvent yourself! You need to find out what would be the best possible strategy that will work for you.

If you are in a situation where you need to “Reactively Reinvent Yourself”, you will be facing and having to deal with an enormous amount of negative energy motivation and emotions. You will have to channel all this negative energy into an activity that will motivate you without harming you.

If you are in a situation where you need to “Reflectively Reinvent Yourself”, you will need to look for information, data, answers and insights from outside yourself. You will have to admit that you do not have all the answers and that you may be hampered by your own vision.

In most situations, if you are unhappy about the way you live, the way things are going in your life, if you are struggling through life, instead of blaming everybody else other than yourself for your mishaps and miseries, you will need to either “Change Things About Yourself” or more often, to “Totally Reinvent Yourself”.

All reinvention requires change. But not all changes are a reinvention.

You want to know more about “Change” and “Reinvention”!

JMD

Owner of Bunkumless.com and JMDsystemics.com, JMD is a former attorney Corporate Strategist and Professional Problem Solver, a Columnist for The Futurist Daily News and editor of the Social and Political Blog JMDlive.com

Follow JMD on Twitter @ jmdlive

How to Reinvent Yourself in 2018

“All reinvention requires change. But not all changes are a reinvention”

Most people want to be better. They want to live better lives, be happier, and have better relationships. But most people are horrible at execution and not everyone get the opportunity to reinvent themselves.

If you are in your thirties and you did not already met success, chances are, if you don’t decide to reinvent yourself now, that you will never be successful at anything.

The difference between change and reinvention

All reinvention requires change. But not all changes are a reinvention.

You lose your job; your spouse dies; you suffer a critical injury; you make a drastic personal or professional mistake; your girlfriend dumps you; your boyfriend or spouse is cheating on you, these are examples of situations that call for “Reactive Reinvention”.

Reactive reinvention occurs when an external event occurs and forces you to change in order to move forward. The event being irreversible, you cannot go backward.

You want a new job; you want to start a business; you want to live healthier; you want to run a marathon; you want to learn a new skill; you want to start a new relationship; you want to do something that you have never done before; you want to do something that no one has ever done before, this is the land of visionaries, romantics and entrepreneurs, who believe that there is a better way to live. This is the land of “Proactive Reinvention

Proactive reinvention is the land of visionaries, romantics and entrepreneurs where you intentionally change your way of life in order to capitalize on a trend or an opportunity.

There is also the land of failure; the land of “Reflective Reinvention”. Reflective reinvention occurs when you fail at something, but you still have a strong desire to continue in that particular endeavour.

You fail at launching a new business or finishing first in this athletic competition, but you still have this strong desire to win, to be this successful entrepreneur. You fail repeatedly; you fail over and over, but you still have that strong desire to make it.

At this stage, the key to reinvention and transformation at this stage is: to “Change Something About Yourself and the only way to change this something about yourself is to reflect on your situation and then, to make the required necessary changes in yourself that will allow you to win.

What would be your best possible strategy for 2018?

You want to change, you want to reinvent yourself! You need to find out what would be the best possible strategy that will work for you.

If you are in a situation where you need to “Reactively Reinvent Yourself”, you will be facing and having to deal with an enormous amount of negative energy motivation and emotions. You will have to channel all this negative energy into an activity that will motivate you without harming you.

If you are in a situation where you need to “Reflectively Reinvent Yourself”, you will need to look for information, data, answers and insights from outside yourself. You will have to admit that you do not have all the answers and that you may be hampered by your own vision.

In most situations, if you are unhappy about the way you live, the way things are going in your life, if you are struggling through life, instead of blaming everybody else other than yourself for your mishaps and miseries, you will need to either “Change Things About Yourself” or more often, to “Totally Reinvent Yourself”.

All reinvention requires change. But not all changes are a reinvention.

You want to know more about “Change” and “Reinvention”!

JMD

jmdlive

JMDLIVE Strategic Planning and Systemic Thinking

Owner of Bunkumless.com and JMDsystemics.com, JMD is a former attorney Corporate Strategist and Professional Problem Solver, a Columnist for The Futurist Daily News and editor of the Social and Political Blog JMDlive.com  

Follow JMD @ jmdlive