Monday, July 12, 2010

Interview with a Successful Entrepreneur

Hello,

How was your weekend?

I had a great time. Had a business meeting and a coaching client on Saturday during the day and in the evening visited my sister and my lovely niece.

Sunday visited my sister again and then I watched world cup final.

Last week I attended a live interview with a successful Trinidadian entrepreneur Arthur Lok Jack (see bio http://www.nalis.gov.tt/Biography/ArthurLokJack.htm) and I thought I would share with you a summary of the information received at the event - over the next few days.

There are 2 ways to grow a business: Organic and Inorganic Growth

Organic Growth

- Increasing your top line (revenue/sales): through increasing your market share in existing markets - either finding new customers and/or selling more to existing clients

- Business growth: Introducing new products, going into new markets

Inorganic Growth

- Through mergers and acquisitions (M&A)

M&A help you to have rapid growth, as purchasing/joining with an existing business with existing clients.


Live YOUR Passion

Gina

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