WM Exchange's Business Guide: Getting the Growth Strategy Right

    NEW YORK, NY, May 03, 2015 /24-7PressRelease/ -- Business growth is a necessity and if a company is not growing, it is shrinking claims WM Exchange. For sustainable business growth, it also needs to be steady. One of the biggest traps a small business can fall into is becoming a victim of its own success. Sometimes the business grows faster than it plans to because, for many entrepreneurs, the idea of saying no to work is just foreign to them. Businesses in this situation often don't have the appropriate systems and controls or the right staff to manage the growth, which can compromise ongoing success.

About WM Exchange: http://www.wmexchangenyc.com/

In an article on Kellogg Insight (2 Sept 2014) it was discussed how to create the right growth strategy. WM Exchange outlines their 4 tips to creating the right growth strategy.

1. Know the company - all too often the strategy questions has been 'where should we grow?' as opposed to 'who are we going to be?' There are too many companies today that are simply looking at other companies and trying to replicate or match what they see. This is a dangerous strategy because it puts too much emphasis on the things that are important to other companies and not enough emphasis on a company's own unique strengths.

2. Stay Coherent - on the flip side of being clear about what a company does well is recognizing what is not done so well. Successful growth strategies will enable a company to excel in what they do well and at the same time improve on areas that are not executed as effectively.

3. Look outward - companies should conduct internal surveys to gain a better picture of its competitive makeup and opportunities.

4. Find enduring advantages - companies need to stay focused. Once a company has identified and refined their advantages, it must expand by directing capital investment towards them.

WM Exchange is a full service events and promotions firm located in Manhattan, New York. The firm give companies the chance to streamline their business and cut costs whilst at the same time increasing results, revenue and turnover. The firm began business in the UK 7 years ago and expanded to the US in June 2013. Since then, WM Exchange has grown their organization to over 400 people in 9 cities from San Francisco to Miami. The firm has national coverage capacity and it won't be long until they expand into international markets.

WM Exchange Inc. is an outsourced sales and marketing firm that specializes in a unique service in order to generate a high ROI for their clients.

For more information Follow @WMExchangeNYC on Twitter and 'Like' them on Facebook.

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