How to Develop Growth Strategies for Businesses Case Study

How to Develop Growth Strategies for Businesses - Case Study ExampleAfter having full knowledge close to all these we have to acquire strategies about taking advantage of existing customers. For this Kelly should not leave her established business and attract existing and loyal customers to her new restaurant by giving them some(a) sort of incentives in terms of discounts and one dish offered. Better promotion policies should be used for the attraction of new customers. More focus should be on the quality of food items that the restaurant will offer. Talented and efficient employees are the asset of any organization but organizations also have the responsibility to develop the best working environment to take full advantage from these employees. The use of new technology is also required for the best quality and efficiency. 2. Business play Kelly should start her new business as a limited liability company (LLC). Most of the costs for Sole proprietorship and sole LLC are the rese mbling but one fee is required (Anaejionu, 2012). When filing a certificate of formation for an LLC which is done through the secretary of state and its fee is not much than 300 dollars.There are many reasons to advice Kelly to run her restaurant as sole LLC. First of all, LLC provides limited liability if there are losses in business then creditors are limited to the assets of the business and they can not claim against personal assets of the owner.Through sole LLC Kelly will be able to consequent new shares of stock to new owners in order to raise funds to grow business. But in the sole proprietorship, she is limited to take loans only from banks.