At some point of their lifecycle, many businesses seek growth. Whether it be through diversification, market penetration or market expansion a key factor is your growth plans is getting the right funds to finance. Many small business owners start their business either by taking out a small business loan or with their savings. In fact, […]
Tag Archives | business expansion
Home deliveries are all the rage now thanks to the convenience it offers and the variety of services available that will help you get your products into the hands of consumers. Unfortunately, it’s typically reserved for the culinary industry such as fast food deliveries. However, since Amazon introduced their 2-hour delivery service, more companies are […]
All too often, you’ll see articles about companies venturing into the unknown with disastrous effect. You’re bombarded with stats about the number of startups that fail within their first year, and if you’ve been able to keep your resolve past all those articles, you’ll then start seeing commentary about the perils of taking a risk […]
Here’s the dilemma most small businesses face. Expand too soon and may find your resources failing meet the increase in demand and this will harm your reputation. Don’t expand i.e. keep the status quo and you risk a competitor stepping up and grabbing the new business and strengthening their position may weaken yours so doing […]
It’s one thing to come up with a winning business idea and launch it. It’s a whole other thing entirely to turn your business idea into a long-term financial success. According to a study by Statistic Brain, entitled Startup Business Failure Rate by Industry, over 50% of U.S. companies fail after just five years and […]
The idea of expanding your business into new areas and satellite offices often comes with equal amounts of promise and worry. The benefits are vast – but the logistics can present as being imposing enough to put off even the most driven decision maker.
It is always good to expand the scope of your business. One of the best ways to do this is to start trading internationally. However, you should be aware that this brings a lot of complications. There are a lot of considerations to be made in terms of the differing laws around the world, as […]