Growth strategy for a decade-old restaurant that has stagnated can focus on attracting new customers, increasing the frequency of visits from existing customers, and boosting average transaction value. Here’s a detailed strategy with actionable steps: 1. Refresh the Brand and Update the Ambiance Strategy: Revisit the brand identity to ensure it resonates with current trends…
After decades of success, your business has stopped growing, or maybe it hasn’t met its forecast. Do you know why? Most entrepreneurs admit: we failed to evolve with the times. It’s true—after years of winning, many fail to adapt. But what’s missing? What holds them back? The answer is simple: Customer Value Propositions (CVP). CVP…
In early 2000, most of the companies dramatically expanded their business and invested millions of money. Approximately 10 years of this race, most of them are stag like a turtle. Experts and data say long time stagnant is a preliminary symptom of business wipe-out. After a long-time stagnant, very potential companies were going to a…
Our unintentional brain always processes situations that happen in front of us. Consequently, we can take decisions. When we think deeply, sometimes we discover some opportunities there. From the opportunities, ideas are generated. This is the simple process of idea generation. If we ask people randomly, “do you have any business Idea?” He or she…
Day by day the word “patience” in business is getting more impatient. Today’s thousands of start-ups are failing, huge money & inspirations are compromising. Now in 2020, it’s a great problem. The most critical matter is they(failed start-ups) are not doing anything wrong but they are failing, even highly experienced entrepreneurs are also. From 2017…
Growth is the true outcome of a successful business. If no growth, the business becomes dead. Many companies are operating without growth, they just produce finish goods and sell to bring profit, they have no innovations that bring significant growth for the long term. Even various service provider companies run the same way. I have…