In some situations, the best way to grow a business is through diversification. Rather than increasing your sales through new customers, sell more to the customers you currently have. Though it may seem more challenging most businesses can find ways to add to their current product. In addition to getting current customers to buy more, this method can also encourage … Continue reading
One of the ways to grow a business is simply to move it into another location. Physically expanding your business is a good option if the data supports such a move. In other words, you do need to research and plan such a move. Hiring an advisor to do this can be an important decision as part of your growth … Continue reading
In some cases, you may not have a business already in mind. You may have the willingness and ability to purchase an existing business, but are unsure where to find the right company to buy. If this is the case, first analyze the types of businesses you would like to own and why. Skills, experience and know-how in that industry … Continue reading
If you’re thinking of starting a new business, one of the options that should be considered is a franchise. There are all kinds of franchise business opportunities out there. According to the International Franchise Association there are is an estimated 8 million people who are employed in a franchise outlet in the United States. Approximately 1 out of every 12 … Continue reading
Jenny has outsourced her payroll operations to a payroll company but has no intention of outsourcing any of her customer service tasks even though they can be done cheaper by call center workers in the Philippines. On the other hand Jack outsources his technical division but wouldn’t ever consider outsourcing labor because he doesn’t believe he could get the expertise … Continue reading
When you decide to start a new business in California, it’s important that you know what is expected of you at various levels of government to ensure your business is operating as soon as possible. Whether you are starting a business in California or elsewhere it’s always a good idea to start with a business plan. This is your roadmap … Continue reading
One of the things that causes small business to stand out from large business is their inability to buy goods and services at the same competitive prices that larger businesses can. In the past, he who purchased the most received the best prices, and as result for the most part small business owners had a difficult time competing against their … Continue reading
In today’s market the small business actually has an advantage over the larger business in several areas but trust is the area where small business is winning hands down. It seems consumers are tiring of the antics of large businesses and have lost all trust in them instead turning to smaller businesses. But if you are just starting your small … Continue reading
It’s a common question – is more online competition better for your online business and the answer is absolutely yes! If you open a store in your city, the last thing you want is another similar store opening up on the same block or in a nearby vicinity. In fact, it’s generally agreed that less competition is better. So why … Continue reading
Acquiring and buying an existing business is a process. It often focuses specifically on the legal process of transferring a business from an original owner to another owner. However, before you consider how the legal process works, consider the value in making such a transfer happen. It can be exciting and overwhelming in purchasing an existing business. It also means … Continue reading
