If you want to grow, you have to be careful

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zihadhasan010
Posts: 427
Joined: Mon Dec 23, 2024 5:46 am

If you want to grow, you have to be careful

Post by zihadhasan010 »

Fear of high demand at the moment which is trending, fear that if demand drops we will be forced to bear a big commitment, as a result revenue will also decrease.

If you want to buy a new high-tech machine, but increase it, do we have a commitment?

Better to do a comparison & risk calculation first.
You need to understand the difference between trending and demand.
If our product or service is hot right now, but there is actually no strong demand, it is dangerous.

Although trending can help our business grow, we jordan phone data shouldn't rely entirely on it.

A growing business must be fundamentally strong.

We have to ensure that our products remain relevant and of good quality, regardless of whether there is a trend or not.

If you want to grow, do it in phases . If you grow too fast, there is a big risk.

Focus on one phase first. Make sure you can handle it, then move on to the next phase.

Strengthen your branding. If you have successfully built a trusted and respected brand, customers will stay with you even if the trend is down.

So, focus on building a strong brand from the start.

If we want to grow, we must have targets and projections.

But, make realistic projections .

Don't be too excited to the point of reaching unreasonable numbers.

With realistic projections, we can plan our strategies more wisely and not get caught up in unnecessary pressure.

Be careful with large commitments that can occur when demand is high.
We may be overspending on inventory, labor, or services.
If demand drops, we will have to bear that huge commitment ourselves.

There needs to be planning in case demand drops.

If we have done the right market research, we can anticipate and make a contingency plan to handle when the trend starts to decline.

Change strategies when necessary. If the trend we are following is no longer yielding results, we must dare to change course.

Because, if we don't adapt, we could be left behind and our business could suffer.

That's only 5, I have lots more advice & planning to share..
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