You have started small and now your small business is doing great. Probably you wanted to follow the steps of Henry Sy from a small shoe store to now one of largest mall operators or of John Gokongwei Jr. from small trading business to now the popular Robinsons among other businesses in the country. So now you wanted to expand your business, expansion means more growth, and therefore more profit. If you are ready to go to the next step and grow your business beyond what it is now then read on.
So what are the various ways to expand our existing business? A few of them are listed below.
Your expansion 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; and of course, whether you have learned your lessons well when you were starting and surviving your business on its infancy stages until now.
So what are the various ways to expand our existing business? A few of them are listed below.
Your expansion 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; and of course, whether you have learned your lessons well when you were starting and surviving your business on its infancy stages until now.