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Expanding to a New Market or Service? Review These 3 First
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In this episode, Raul explores three strategic lenses to help you navigate market expansion and innovation. Whether you're entering a new market, launching a new offering, or capturing market share during disruptions, these steps will guide your journey. He dives into identifying historical context, analyzing future scenarios, and grounding decisions in unchanging principles. Learn how to qualify opportunities, assess potential risks and rewards, and make informed decisions to grow your business efficiently. Perfect for bootstrapped entrepreneurs and those using profits for expansion.
00:53 Understanding Historical Context and Qualification
02:23 Forecasting Future Scenarios
03:51 Grounding in Unchanging Principles
04:40 Formulating and Testing Hypotheses
Connect with Raul:
• Work with Raul: https://dogoodwork.io/
• Growth Resources: https://dogoodwork.io/resources
• Connect with Raul on LinkedIn (DMs open): https://www.linkedin.com/in/dogoodwork/
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