4 ways to grow a business

As Jay Abraham said so concisely, many years ago; there are only 4 ways to grow a business.  They are:

1. Attract more clients or customers (herein called clients.)
2. Sell more often to your existing clients.
3. Increase your prices or fees.
4. Reduce the number of clients, who stop using your services or buying your products (your attrition rate). Though this was not included in Jay’s original 3 ways to grow a business model.

The most effective businesses, focus on all 4 ways to grow a business.

The least effective businesses focus on just 1 or 2 of them.

Many businesses, for example, actively seek to win new clients; but to little to retain their existing clients.  Others look after their existing clients supremely well and their clients love them – but they don’t focus correctly on winning new clients.