Business Valuation Services-Venture care| known your company worth

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Business Valuation Services-Venture care
known your company worth
www.venture-care.com
Ask_at_venture-care.com
020-65 3636 33
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1. Get your business spread in the existing
market Getting new customers is not bad. But beer
will be to sell more to the existing customers
retain the existing customers. Acquisition of new
customers will involve higher promotion out-go.
Whereas, selling to existing customers will be
cost-effective. Pricing is another aspect which
will help your business for sale in penetrating
the existing market. Remember that always
charging competitive price may not help.
Sometimes you need to reduce the weight/quantity
of the product (indirect pricing) or offer free
gifts. You may even change the packaging. 2. You
may seek referrals. During or after every job or
sale, ask your satisfied customers if he knows
anyone else who would be interested in your
products or services. However, this is possible
only if your deliverable can delight the
customers. 3. Innovate or modify your
product Every product or service has some life.
It is always suggestible to go for product
innovation or modification. This will help in
adding new customers also. However, research
development wing should be strong enough to
perform this. Just think of transformation of
offline business into online business. 4. Extend
your market reach. You may start locally but
increase the market reach. Many businesses have
gone this way and grew tremendously. There are
many ways to get it- open stores in new
locations, go virtual, acquire other companies,
make e-ups, use social media, use website etc. 5.
Participate in trade shows and arrange
seminars Trade shows can be a great way to grow
too. Because trade shows draw people who are
already interested in the type of product or
service you offer. They can powerfully improve
your boom line. 6. Win the niche
market www.venture-care.com
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Big market customers try to follow the customers
of niche market. Once your product or service has
got hold in niche market, it will be easy to
extend the present big market. Think of branded
apparels, use of home appliances, mobile handsets
and many more. 7. Reduce the costs. Dont forget
that reducing cost directly helps in increasing
boom line and thus valuation of business. It is
not necessary to cut costs in all the areas. Few
areas where it can be done are- reduce wastage,
electricity cost admin costs and other indirect
costs. 8. Diversify your products or
services. Diversification in products and
services is interesting way to empower growth.
Package the products. Simply think of a burger or
pizza is available with sauce and chilli flakes
and cold drinks. Or, a restaurant serves meal
with pickle and papad and chutney. 9.
Franchising. Franchising is good way to grow your
business. It may not be possible to directly
reach the customers to create brand of your
product or services and go for franchising
model. To conclude, there is no open to let your
business for sale. The above ways are not
exhaustive but there are ways possible to achieve
that depending upon the nature of
product/services and business model. www.venture-c
are.com
Ask_at_venture-care.com
020-65 3636 33
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www.venture-care.com
Ask_at_venture-care.com
020-65 3636 33