Revenue growth refers to the percent difference between revenue at two different points in time. It is used to get a general idea of how well the company has performed and grown in terms of revenue.
20% revenue growth is considered good in many different industries. The exact numbers that are considered good or bad depend on the business and industry, 20% may be good generally but when applied to a specific industry like manufacturing, it may be on the lower end.
Generating some form of revenue growth will require your business to adapt and improve to offer better services or products, attract more clients, among other tasks. Your pricing may need to be adjusted, your target market may need to be realigned, there are so many possibilities.
Yes, you can predict revenue growth but it may not be 100% accurate. You can use forecasting tools and information from previous periods of your business to help forecast the revenue growth for your new time period.
Create Date: October 1, 2024
Last Modified Date: October 1, 2024
