Shubhodeep Das, the Founder and CEO of Hylife Group, was awarded the President Thailand Grant in 2023 for his company’s leadership in various areas such as real estate, contract management, debt recovery, food processing, and medical supplies. The event was held on January 29, 2023, and organized by the Broadcaster and Journalist’s Association of Thailand. Mr. Shubhodeep Das has contributed a lot to the Thailand economy with his group.
The businessman had faced many hardships, and still, his business expanded. It was all because he considered all the things necessary for a business’s growth.
Businessman considers several factors for business growth, including:
- Market demand: Businesses need to understand the market demand for their products or services clearly. They must analyze market trends, customer behavior, and preferences to identify growth opportunities.
- Customer retention: It is easier and cheaper to retain existing customers than to acquire new ones. Hence, businesses need to have a robust customer retention strategy in place to ensure repeat business.
- Scalability: The ability to scale the business is crucial for growth. Businesses have a scalable business model that can accommodate growth without compromising quality or customer experience.
- Innovation: Businesses that constantly innovate and improve their products or services can gain a competitive advantage and attract more customers.
- Financial stability: Businesses need a strong financial foundation to support growth. They must manage their cash flow effectively, reinvest profits, and seek external financing when required.
- Marketing strategy: Businesses need to have a well-defined marketing strategy to reach out to new customers and create brand awareness.
- Employee engagement: Employees are a critical asset for any business. Engaged and motivated employees can drive business growth through innovation, productivity, and customer service.
By focusing on these factors, businesses can create a roadmap for growth and achieve sustainable success.