Best ways to expand a business

[cherry123]

How best can one expand a business. Do one increase the product capacity or employ more hands to increase productivity. What do you think will bring rapid growth to thd business?

 

[Suba]

Product capacity and workforce must be adjusted to the needs, especially sales. So to expand your business, the first thing you do is increase promotion through various existing channels and social media. After your sales increase, you can increase goods production or increase merchandise inventory. prioritize customer service and investment.

 

[cherry123]

You capture this I think with increase in sales volume there's always the need to expand the business to accommodate more sales.

 

[Bisolami]

How best can one expand a business. Do one increase the product capacity or employ more hands to increase productivity. What do you think will bring rapid growth to thd business?

I think being updated about the new changes in your business may help. You have to keep upgrading and finding new ways to run your business

 

[cherry123]

I think being updated about the new changes in your business may help. You have to keep upgrading and finding new ways to run your business

Yesh business owners must always stays informed to help grow the business better

 

[Hate2Wait]

Expansion is of different types and we need to see if we need to expand the production only or we like to cover a larger area because to cover a larger area we need to plan about opening another branch

 

[uptrendfinancialsignal]

One of the best way to expand your business is to embark on a very wonderful and rebust marketing campaign.

 

[Starmix]

The best way to expand a business is to add up your capital and have a branch where demand is high in that area location. Make a minisurvey first.

 

[Bisolami]

One of the best way to expand your business is to embark on a very wonderful and rebust marketing campaign.

It is very good to be skilled in marketing your product because if you know how to market well people will buy from you

 

[cherry123]

Expanding a business needs one with the right knowledge to do so. It will be good to bring in professionals to help.

 

[Springtime]

Business expansion may be achieved by expanding into new markets or manufacturing new products. Detailed market research, planning and budgeting must be done before implementing the expansion.

 

[eldavis]

Yes you are correct though but that is not the only way, you can also expand your business by increasing your services. Lets say for example you run a dry cleaning services, if you include POS to it, you have expanded your service.

 

[cherry123]

Yeah one can add other services to the ones one is doing to expand the business.

 

[Bisolami]

Expanding a business needs one with the right knowledge to do so. It will be good to bring in professionals to help.

You need to have a knowledge about every business you want to engage in. It is a very important thing to do

 

[Reedex]

I'm banking on a very serious marketing campaign could be one of the way to expand the business drastically.

 

[Bisolami]

I'm banking on a very serious marketing campaign could be one of the way to expand the business drastically.

You are right and there are ways to advertise each business that you do but a lot of people always think that you can use the same approach for different business which is not supposed to be so

 

[cherry123]

You need to have a knowledge about every business you want to engage in. It is a very important thing to do

That's why people should desist from just copying other businesses and divjudt their own which they have passion for

 

[Bisolami]

That's why people should desist from just copying other businesses and divjudt their own which they have passion for

Some people do business because that is the business with their friends are doing and they fail to understand that business doesn't work like that. You really need to know about it

 

[cherry123]

Some people do business because that is the business with their friends are doing and they fail to understand that business doesn't work like that. You really need to know about it

You are right about this. We just love to copy and that's why we fail alot when it comes to a new business

 

[hastral45]

There is no way company intends to increase the products capacity without thinking of increasing the workforce. You can't increase the working capacity of your workers just because you want to expand.