Starting a business requires

a lot of research, investment

of time, and sweat equity.

The decision to move a

small business to the next

level takes careful

consideration because the

next step in growth will take

an even greater amount of

resources. There are

numerous ways to make the

change, and the route taken

depends on the type of

business you own.

Physical expansion is

challenging and requires

significant research and

financing. A consistent

minimum profit over several

years, along with studying

economic and consumer

trends, will reveal your

company’s viability. Even

though your existing

business may already be

stable, it is best to prepare

a business plan for the

expansion and ensure

administrative systems and

management teams are

operating at peak efficiency.

Opening another location

can also be applied as

expanding into another

market, such as moving

online or into retail.

Another growth strategy is

to plan to sell more

currently available products

or services to new

customers. One way to

accomplish this is to create

a franchising model. This is

a way to expand into new

territories without doing all

the grunt work yourself.

Franchising allows you to

grow your brand through

the dedication of your

franchisee, while also

making a profit. When

people have a vested

interest in their work they

enjoy it more, furthering

their level of commitment

to success. Franchising

grows from this philosophy.

Licensing offers an

effective and low-cost

growth opportunity,

particularly if you have a

branded product or

service. This structure

allows you to collect

money upfront and

royalties from continued

sales, use of your product,

software, name brand,

etc. If you don’t have an

established company, you

don’t need one for

entrance into licensing.

For those who don’t want

the responsibility of

building an established

company just yet,

licensing minimizes risk

and is low cost.

Opportunities for

diversifying can come in

the form of selling

complementary products or

services, importing or

exporting yours or others'

products, or becoming a

paid speaker. When you

diversify, you gain multiple

streams of income that

increase sales and profit

margins. It can even cover

periods of the year when

sales are lower than

normal. Diversifying

broadens your market and

presence in the

marketplace, which then

leads to greater

opportunities.

A growth jumpstart can be

stimulated by merging with

or acquiring another

business. Sometimes it’s

challenging to continue

growth and servicing clients

without taking over a

competitor. After such a

large change, it is important

to retain customers and the

best employees. A huge

benefit is the integration of

the new company’s

technology with your

existing technology and the

concentration that can now

be placed on making the

company even stronger.

Global expansion may be

part of a merger or

acquisition, but it isn’t the

only option. You’ll also

reach global growth if you

prime your business for an

international market. If you

have a physical product,

you'll need connections

with a foreign distributor

who'll carry an inventory of

your product and resell it in

their markets. You can

locate foreign distributors

through your city or state

to find a foreign company

with a U.S. representative.

While all efforts are being

placed into growing the

business, you and your

employees’ investment of time

and sweat equity is best spent

on the business growth rather

than coordinating the influx of

calls. Managing the constant

flow of communication is critical

to the success of expansion. A

professional call center can

offer a highly trained team to

take calls and messages.

Unlike other techniques for

growth mentioned, there is also

no limitation on the type of

business that can benefit from

an answering service.

Personalized Communications offers

full range call center solutions that can

be tailored to any business, suiting

your needs and your style. Customer

service is the number one priority and

only highly skilled telecommunications

professionals will be in contact with

your customers and clients. This high

customer service standard is met

consistently due to initial and on-going

training for all managers and call

agents. You can rest assured your

customers and clients will be satisfied

when communicating with our team.

http://www.callcenteragency.com/

1-800-606-9898