Marcus Lemonis Develops a Growth Strategy for Grafton Furniture

Grafton is a third generation family-owned furniture maker launched in 1964. The company is located in Marcus’s home town of Miami. Unfortunately it’s been suffering since the recession of 2008 and if Marcus doesn’t turn it around it may fold.

Marcus presented some interesting stats on family-owned businesses:

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Marcus Lemonis’s Growth Strategy for Fuel Foods

During the first few minutes it felt as if this episode might be interesting from a business lessons standpoint. Unfortunately it didn’t pan out that way.

Fuel Foods Florida supposedly produces nutritional ready-made meals for people too busy to cook. It then delivers them twice weekly to not only locals but customers across the USA using FedEx. Yes, even customers a mile away get their meals delivered by FedEx. (This fact made my jaw drop.) One employee had already lost 150 pounds and planned to take off even more. This point grabbed Marcus’s attention as he had suffered from an eating disorder as a child.

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Business growth is not an option you can afford to pass on. In today’s economy a small business either masters growth strategies or it dies.  This is why the vast majority of startups are out of business within five years.

Here we review the six most common small business growth strategies an entrepreneur can pick from. You only need one but the more you have the better you and your business will do.

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