Growing Your Business 2 | The Biz Knows

Growing Your Business cont...

Open a franchise or chain – Offering business ownership via franchising allows for growth without requiring management at new locations. Be sure franchisees are able to maintain service standards.

Merge or acquire – Joining forces with a similar company can be a great way to expand quickly and increase clientele.

Target a new market – Identify other markets that maybe interested in your products or services.

Explore exporting – Expanding globally will introduce your products and services to different foreign markets, where purchase power maybe greater.

Use technology – There are multiple ways to use the internet to promote and sell your product. Create or enhance your website, use ads, social networking sites, etc. Maximize your exposure with an online presence.

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