Tuesday, May 14, 2013

Four Ways to Expand Your Business

These are difficult times for many business owners. However, today's challenging economy presents some unique opportunities for business expansion for those who have a unique set of circumstances. Act now to expand your business and you may find that you're very well-positioned once the economy turns around.
Growing your [landscaping] business is a constant challenge, and today's economic climate is likely making things more challenging than ever. However, by exploring expansion options uniquely available during an economic downturn, you may be able to take your business, and your business performance, to new heights.
If you've been using the same business growth techniques for some time, here are a few fresh ideas, uniquely suited to current market conditions, which might stimulate some new thinking on how to expand your business.

Organic Growth

Organic growth is the most common form of small business expansion, and may be the way you've grown your business in the past.
In today's economy where consumers are increasingly turning to value over business loyalty, successful organic growth requires introspection. Businesses must examine their relationship with key customers to pinpoint why those customers are, or are not, happy with service levels. Today's economy may change how consumers perceive your product or service, as their needs regarding price, service levels, and other business factors may be influenced by their economic situation. Transforming this analysis into actionable business improvement initiatives involves hard work and forward-thinking business strategies. It's about keeping customers happy, investing in the business, and selling and marketing aggressively.
Strengthening relationships with key customers and enhancing the value of your business's products or services is imperative if you want to grow organically.

10 Ways to Grow Your Business

When you first started your business, you probably did a lot of research. You may have sought help from advisors; you may have gotten information from books, magazines and other readily available sources. You invested a lot-in terms of money, time and sweat equity-to get your business off the ground. So...now what?
For those of you who have survived startup and built successful businesses, you may be wondering how to take the next step and grow your business beyond its current status. There are numerous possibilities, 10 of which we'll outline here. Choosing the proper one (or ones) for your business will depend on the type of business you own, your available resources, and how much money, time and sweat equity you're willing to invest all over again. If you're ready to grow, we're ready to help.

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