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Showing posts from August, 2007

Acquiring Market Share. MD, MD, how does your business grow?

Gaining an increase in market share may become necessary for a number of reasons. You may need to shift focus from one product line to another in the face of a declining market, you may wish to expand to fend off a market place squeeze or you may just be growing towards your planned capacity. Whatever the reason, you will need to form an acquisition strategy. There are three ways to obtain an increase in market share – Earn it. Use competitive trading to buy it. Acquire a competitor. Each of the three approaches bring along its own strategy requirements and its own issues. Selecting the best approach depends entirely on circumstance. Outperform the competition. Earning market share by supplying a better product, better service, better support, better delivery is an honorable way of expanding a customer base. It is steady, progressive and undemanding in that production/purchasing is not subject to stresses caused by sudden up-shifts in supply/delivery. Even so, there are issues. Attaini...

Funding Business Growth: The Angel Investor – what you need to know.

Many young companies reach a point in development where growth is seriously slowed by lack of funds. Finding the best way forward can be difficult and a wrong choice can be disastrous. The term angel investor was originally coined in show business where it was applied to a wealthy individual who would take the risk of privately backing a Broadway show when conventional funding failed to materialise. Today the label is commonly applied to describe an individual who invests private wealth in a business. Nearly a quarter of a million angel investors are currently estimated to be providing around three billion pounds to UK business each year. The cumulative pool of investment from this quarter stands at around twelve billion pounds, a figure that exceeds all UK venture capital lending and is equal to a full seven percent of the total UK bank business lending. A very clear indication of just how much UK business craves growth funding sourced from the private sector. As a group, angel invest...