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A Business Growth Strategy is a roadmap for growing your firm. It describes the industries you will serve, the types of clients you will target, the services you will offer, and how you will position and develop your brand.
Get the growth strategy right and everything else is easier. A good growth strategy will replace random and opportunistic business development with a reliable and systematic approach to growth. Get it wrong or incomplete and your firm may flounder.
• INCREASE MARKET PENETRATION
In the professional services world, we think of this approach as offering more services to the same client. It’s a relatively easy, low-risk strategy that doesn’t require introducing anything new
• DEVELOP NEW MARKETS:
This is one of the most common growth strategies used in professional services. In fact, many firms take it to the extreme and roll out their services to any and every type of client. After all, more potential buyers mean more sales, right?
In fact, this strategy comes with significant dangers. For one thing, it costs money and resources to educate and nurture a new audience. And the peril of underinvesting in markets is very real. Sub-threshold investments may be wasted and produce few results. Then there is the very real risk of diluting your brand. If you are strongly associated with a particular market and you expand to include other markets, any advantage you have as a specialist could dissolve
• DEVELOP NEW SERVICES:
This strategy involves developing a completely new service that you do not currently offer. On one level, professional services firms do this every day. No two clients have identical needs, so services naturally proliferate.
However, there are circumstances in which a firm may want to branch out and offer more than a variation on its current services. For example an accounting firm may want to offer internet security services or financial planning to complement its traditional tax practice.
A growth strategy that includes new services involves a number of risks. Developing a new service takes time—lots of it. That could distract you from other important activities, such as billable work or business development. There may also be regulatory obstacles to overcome in industries such as law, accounting and financial services
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Global Consultancy and Tax Services offers wide area services in the field of Accounting, Taxation, Business registration, Financial Analysis and many more relevant services across the globe especially in Pakistan and United States of America (USA).
GCTS (Global Consultancy and Tax Services) Offer multiple services to the valued clients at all level. Especially people need a complete setup for their business from starting to establishment stage with lowest budget. We ensure that our clients should not go anywhere for any service especially small businesses or entrepreneurs. We have complete set of services for all businesses.
GCTS has skilled, expert and equipped team of Accountants who use the power of internet to provide you the efficient services of bookkeeping, payroll and company monthly accounting reports. We have internal Portal System to share safe and secure files with employees which has secure backup and protected coding system to access shared files.
Yes, GCTS provide best services across the globe and we offer all business related services to the USA, Pakistan, UK, Canada, and UAE. In the USA we offer Business Registration with Agent Service, Bookkeeping, Accounting, Taxation, Payroll, SBA Loan, Commercial Loans, Monthly-Quarterly-Yearly Tax Returns filing and all States year end filing.
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