According to Gino Chirio, executive vice president at the consultancy group Maddock Douglas,

there are six (6) ways that companies can grow their business to drive real growth and expansion:

1. New processes:
2. New experiences:
3. New features:
4. New customers:
5. New offerings:
6. New models:

Boost margins by cutting costs.

New processes:

Connect with customers in powerful ways to help increase retention.

New experiences

Provide advancements to your existing product or service.

New features:

Expand into new markets, or find markets where your product addresses a different need.

New customers

Offer a new product.

New offerings:

Utilize new business models, such as subscription-based services, fee-for-service, or advertising-based models.