A Quick Guide to Expanding Your Small Business

by | Sep 12, 2018 | Tips | 2 comments

A Quick Guide to Expanding Your Small Business

Imagine this scenario. You’ve been ticking along for several months now and your business is taking off a storm. You’d like to expand your business empire a little further but are a little worried about the finances. Growth and expansion are key elements for any business that wants to succeed. While national and international economies may be failing, the figures are showing that now is a great time for small businesses to expand. To make the best of this situation you should plan and structure your expansion, ready to take your business to the next level. Here are some tips that will help with expanding your small business.

Expanding Your Small Business: Useful Tips

Don’t Carry on Alone

You may have been at the helm for several months and your business is doing well, but if your expansion plans work out, you’ll need to consider investing in systems. With a larger business, you’re not going to be able to do it all yourself. You’re going to need some help. Invest in a good CRM, e-commerce software and outsource tasks such as marketing and website design to a reliable third-party. This kind of change will be for the better and you’ll be able to concentrate on more important things.

An expansion plan is likely to require extra funding so think about how you’re going to source the funds. There are a number of options, including credit cards, tapping up friends and family or applying for a personal loan. Visit https://www.crediful.com/personal-loans/lendingpoint/ if you want to know more.

Work on Your Website

A few months down the line is a good time to look back at the website you launched your business with and see whether it needs refreshing. Your homepage is the face your customers see more than anything else. It has to be uncluttered, easy to navigate and well written. Something as simple as improving your call-to-action may be all that’s required.

Good blogging is also going to improve the visibility of your brand. It will drive traffic to your website, convert traffic into leads, establish your authority and help improve your long-term results. More than three-quarters of shoppers conduct their research online, so you need to be able to grab their attention and stand out from everyone else.

What is Your Business Expansion Strategy?

You’ve decided you want to expand your business, but have you thought about how you’re going to do it? Are you going to add new services and products, or do you want to sell more of what you already produce? Is it new territories you’re going to be looking for or do you want to target a different audience? One of the fastest ways to grow your business is to merge or acquire another company and effectively double your business size overnight.

The tips above are just meant to inspire you and make you stop and think about what you’re doing. Set yourself up for success by planning and adding systems and you’ll be able to make that leap to the next level. It’s bound to be scary, but trust in your instincts, go out there and grab what you’re owed.

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2 Comments

  1. Aditi Rawal

    Thank you for posting such an amazing article, it’s very helpful regarding business expansion. short and informative.

    Reply

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Author:

Lilach Bullock

Published:

12 Sep, 2018

Categories:

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