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Episode 1409:
Lisa Harrison of Mad Money Monster.com explores strategies to overcome business stagnation, emphasizing rethinking business models, testing new products, and investing in employees. Her insights offer practical steps to revive growth, reach new markets, and leverage technology, making this a must-listen for entrepreneurs seeking to break through plateaus and drive success.
Read along with the original article(s) here: https://madmoneymonster.com/2023/03/28/how-to-push-past-a-business-plateau/
Quotes to ponder:
"Rethinking your business model may be the key to overcoming a business plateau. What was successful yesterday may prove inadequate today."
"Investing in employees is a crucial tactic for surpassing a business plateau, unleashing new levels of capability and efficiency within the company."
"Reaching out to new markets can help you break a business plateau by diversifying your customer base and fostering growth beyond your existing market."
Episode references:
Good to Great: https://www.amazon.com/Good-Great-Some-Companies-Others/dp/0066620996
Blue Ocean Strategy: https://www.amazon.com/Blue-Ocean-Strategy-Uncontested-Competition/dp/1591396190
The Lean Startup: https://www.amazon.com/Lean-Startup-Entrepreneurs-Continuous-Innovation/dp/0307887898
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