Factors Affecting the Growth of Small Businesses

By Dr Muhammad Azam Roomi

 

There’s no doubt that one of the main objectives of any entrepreneur is to have their enterprise grow profitably. To achieve this, it is very important to understand the factors that contribute to growth.

There is a general consensus that growth in enterprises is a complex process, which is neither linearly continuous nor dependent upon only a limited number of factors. 

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The Importance of Getting the Right Business Plan

By Professor Andrew Burke

People may observe high-performing ventures that don’t have business plans and conclude, why bother to plan?

Business planning is a time-consuming exercise and any business has to weigh up the value that is generated from spending time writing a business plan versus simply going out there and trying to sell. This can be particularly beneficial when a venture is launching a product or service in a very uncertain market, where even after carrying out plenty of analysis, uncertainty still...

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Ten Lessons in Creating a Great Business

By David Molian

How do high achievers manage to create a great business out of merely a good business?

Cranfield studied the accounts of 15,000 independent UK businesses with turnovers between £1m and £50m over a four-year period.

The results? Many aspire, few achieve. Fewer than 2% of these businesses consistently grew sales and profits by 25% and provided a decent return on capital employed.

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