Taking Your Business from Small to Medium Size Quickly

Expanding a small business into a large one or at least a middle one is a dream of every business owner. But for such expansions, a lot of hard work is required and perhaps, in the beginning, it might turn out to be the most difficult task of your life but soon with diligence and with suitable strategies you will be able to reap the benefits of your hard work.

Business growth and expansion

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Business owners looking forward to expanding their small business should not focus on short-term advantages and should focus on building a legacy in the form of their business that continues to grow and facilitate their clients.…

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Top 5 Successful Ways to Expand Your Small Business

Starting a business is a significant achievement, but scaling one is a huge challenge. Small enterprises are critical to the development of global economies The Organization for Economic Co-operation and Development (OECD) confirms that small businesses create income and employment, they react to new or narrow demands and they strengthen social inclusion rates.

Small business owners discussing expansion

According to the National Business Confidence Index for 2019, about 84% of surveyed business owners confirmed their plans to grow the business in 2019. However, 30% reported they don’t expect the economic climate help their development, while 60% are focusing on boosting sales, expanding their customer base and volume.…

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5 Ways To Effectively Expand Your Retail Business

Every business needs growth but with growing competition, retail businesses are finding it extremely hard to expand their business presence.

Unique retail store welcome sign

Here are 5 ways through which retail businesses can effectively increase their business.

1. Leverage The Power of Online Marketplaces

An online marketplace is an ecommerce site where you can list your products and generate extra orders for your business. It is easy to list your products on popular marketplaces and you start to receive orders once you products are listed and they become popular. You need to pay a commission to the marketplace on every sale that you are able to generate.…

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5 New Expenses For Small Businesses That Go Global

If you’re ready to expand your business into global markets, you need to keep certain considerations in mind to smoothly transition from local to international business. We’ve compiled the following list of five expenses you may incur while preparing your business for expansion.

Expenses incurred during business expansion process

Product Readiness

Packaging standards differ from country to country. Getting to know how each system works allows you to prepare for unexpected expenses around packaging and shipping.

Labeling is also a factor. International markets may require packaging to contain specific information, meet safety standards, or comply with regulations.

Researching markets carefully means avoiding expenses you weren’t prepared for.…

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The Next Level: 4 Signs It’s Time to Expand Your Small Business

In the highly competitive world of small business, finding a way to carve out a niche in your industry is vital for success. According to recent studies, economic uncertainty is the main factor that prohibits small businesses from growing.

Business expansion meeting

If you are like most business owners, you have a number of ideas you want to put into practice. When the time comes to grow and expand your business, having a game plan in place is essential.

Generally, you will need to secure a business financing loan to fund this type of growth. Working with an experienced and reputable lender is the only way to ensure the loan you get is the right fit for your particular needs.…

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How Translation Can Help You Achieve Greater Organic Traffic

When trade stops, war begins,” warned Jack Ma, the CEO of Alibaba at Davos 2018. This simple yet powerful statement serves as a reminder that your business needs to keep reaching customers. Ma went on to say that global selling is not just the birthright of big companies alone. Technology has effectively made the world so small that you can buy a product from Europe even if you are thousands of miles away in Australia.

Translation improves traffic

Selling on a global scale has become the norm rather than the exception, and in order to achieve success, you must have global reach.…

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Three Areas to Expand If Your Business is Ready to Grow

The oft-cited statistic that 90% of startups fail has been attributed to various factors, from not being able to carve a niche in the marketplace to lacking a solid business model. However, in a 2017 article, Entrepreneur noted that most of the reasons that the remaining 10% succeed are related to attitude and flexibility within their staff.

Business team meeting for business growth planning

In a sense, if your startup is lucky enough to be included in that ten percent bracket, you’ve found success. However, finding a way to continue expanding your small business after its initial flush of prosperity is the crucial next step to ensure its longevity.…

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Why Your business Should Really Consider Operating Internationally

You have worked tremendously hard to start-up your business and elevate it to a level where you have built up a loyal consumer base as well as gained enough capital to make your next substantial investment. Before you distribute this capital on operations domestically, consider your current position. Can you gain more consumers? Are there more competitors than ever before? Are your products and services consistently selling well? Are your business costs going to be sustainable enough for the near future?

International business team meeting

If the answers are unfavourable to more than three of these questions, then you should really consider expanding to an international market – here are the top reasons for doing so:

New Customers

By entering a new market abroad, you open your business up to new customers.…

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How to Expand your Business into China

China is the world’s second largest economy, and is due to continue expanding, so it makes sense that businesses want to capitalise on the investment opportunities the country presents. With a population of over 1.3 billion, breaking into the Chinese market is attractive to almost every business, but there have been a number of famous companies that have tried, and failed, to expand in China.

This could be due to a lack of knowledge in how to localise and launch a business in China, or it could simply be because there simply isn’t a market for the company. According to the program director at Chinacelerator, a company which helps startups bridge the gap to the east Asian market, Oscar Ramos: “Ninety-nine per cent of companies who want to access China as a foreign company, shouldn’t.”…

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Dream Big: How Small Businesses Become Global Players

In today’s vast world, small businesses are a bridge between the local and the global. They may employ far less employees than multinational corporations but that doesn’t mean that they don’t dream big – or that their potential and activities do not have equal reach.

Dream big

There is no escaping the reality that small businesses are nowadays global players: in June 2015, the US Small Business Administration reported that while US exports’ known value grew by 1.4% from 2012 to 2013, small business export value improved by 4.5%, led by firms with an employee base between 250 and 499 people. This means increased profit and opportunities, but also increased responsibilities for smaller scale enterprises.…

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