Grow Your Wealth by Expanding 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? Expanding your Business? What does that mean?
For those of you who have survived startup and built successful businesses, you may be wondering how to take the next step and expand your business beyond its current status. There are numerous possibilities, ten 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 your business, Rink & Robinson, PLLC is ready to help.
- Open another location
- Offer your business as a franchise or business opportunity
- License your product
- Form an alliance
- Target other markets
- Win a government contract
- Merge with or acquire another business
- Expand globally
- Expand to the Internet