http://www.dictated.com/5626/vanessa-kachadurian-business-growth/
http://www.dictated.com/5626/vanessa-kachadurian-business-growth/
Vanessa Kachadurian is a medical professional who has achieved a great deal of success in her career. She has a strong business acumen, and is proud to help other business professionals learn what it takes to further develop their companies. Kachadurian explains that risk management should remain an important part of any business owner’s plans.
She goes on to note that risk typically falls into three categories: personal, business, and competitive. Any real amount of growth is going to require some risk, so it is important that the business owner finds the right balance, notes Vanessa Kachadurian. When a person is able to anticipate risks well, it means that they will also be able to manage them more effectively.
“A business will never grow if the management team refuses to take risks of any kind; however, there is a fine line when it comes to this matter. Risks should be logical and well-thought-out, never spontaneous. This ensures that they make sense and will pay off. The saying, ‘With great risk comes great reward’ rings true in this instance. Some amount of gambling is necessary, but a business owner should never put too much on the line at once,” explains Vanessa Kachadurian.
A business owner should also manage their company’s growth carefully. Growth often means progress, but when that business professional has not yet properly planned for these changes, it can leave them unprepared and may cause them to stumble. Planning for growth before it happens enables that leader to put new protocol into place that account for these new developments. This may include dividing up work, hiring more managers, or streamling day-to-day operations to increase productivity.
Analyzing the company’s strengths, weaknesses, opportunities, and threats (known as SWOT analysis) at any given time is another essential step for a compentent manager. Understanding exactly what the competition is up to and what the economic climate is like is an essential part of making wise decisions. Failure to do so may cause that individual to make a decision that is uninformed, thus causing harm to the company.
“A good business owner knows exactly what’s happening in that field at any given time. Entrepreneurship is no easy feat. It requires the person to remain abreast of industry developments, as well as changes within that company. If the business owner is out of touch, even for a short time period, their choices may suffer and cause harm to the company. Knowing exactly what’s going on and how it affects that business is a must for any good business owner,” notes Vanessa Kachadurian.
Vanessa Kachadurian Promotes Growth
Vanessa Kachadurian explains that proper financing is an important part of growth. A business that is consistently undercapitalized will not have the ability to make the kind of change and progress necessary to thrive in the long run. It is common to see a gap between initial spending that fuels growth and the revenue that comes from this growth. A successful business owner will be able to fill in these gaps, thus ensuring that the company always has adequate cash flow no matter which stage of development it is in. This also helps to protect the business in the event that costs should rise unexpectedly. Being tight on cash at any stage of business ownership is dangerous, and puts the business’s well-being at risk.
Though growth is always a positive thing for a company, it is important that the entrepreneur manage it carefully, notes Vanessa Kachadurian. When a business grows exponentially and is not carefully supervised by the management team, this can escalate too quickly and cause day-to-day and long-term operations to become out of control. Growth should be matched with increased revenue, and there should always be a plan in place about handling this expansion. Suddenly taking on 20 new employees or 15 new clients may prove promising for the business, but it is important to understand that the logistics are worked out among upper management before this happens.
Some business owners fall into the trap of assuming that growth will immediately lead to increased revenue and cash flow. To ensure that this actually is the case, it is important to continue to control costs. Keeping costs reasonable is an important step for any business regardless of size, notes Vanessa Kachadurian, as it ensures that the venture stays healthy.
While managing these aspects of the company, a successful business owner should also work on bolstering their relationships within the industry. Regardless of what field the company is in, business is all about connections. It is important to maintain these connections and to keep them healthy, even as the company is growing and changing. Doing so will ensure a steady stream of clients and the resources necessary to keep the business afloat, notes Vanessa Kachadurian.
Constant evaluations are another necessary part of any healthy business. Understanding what’s working and what isn’t allows that manager to adjust accordingly, thus preventing seemingly small problems from growing and developing into more serious concerns that may harm the long-term future of that company.
Speaking out on these points, Vanessa Kachadurian explains, “Balancing growth in a changing market can be tricky, it is always best to be the expert in your field so you can predict or have plans for changes. Some are unforeseen, but many can be predicted – we always use SWOT method S- Strength W- Weaknesses O-Opportunities T-Threats. Know these very well.”
ABOUT:
Vanessa Kachadurian is a medical professional who has built her career on excellence. She is a goal-oriented individual who focuses on honing relationships and knowing her craft well. She has had success as a medical supplies sales reprsentative, and sells goods to medical companies, practices, and hospitals. She uses her strong business acumen to effectively reach her clients. She is of Armenian descent and attended National University. She graduated with a degree in global international studies and a 3.65 grade point average. Her career began in 2000 when she accepted a position with Cardinal Health. From there, she continued to grow and develop as a sales professional, building a number of strong professional relationships along the way.
