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You may already know how you want to grow your business. Writing down your growth plans can help you determine how to make it happen. Consider looking at your current business performance and outlining a plan before you start.
If growing is one of your business objectives, identify activities that maximize the return on your investments, and take time to plan your implementation strategy. Focus on the kind of growth you can realistically manage, rather than on trying to achieve everything at the same time.
Expanding your business usually involves dedication and hard work. Whether your business is large or small, there are several personal and operational issues to consider.
Taking stock of your strengths and weaknesses can help you discover areas where you could be more efficient and identify redundancies. Following through on these results can go a long way in contributing to your bottom line.
You can grow your business by finding ways to increase sales or by looking for new markets. To increase sales you may have to introduce new products or services, expand your market, increase your marketing activities or improve customer service. If you are a manufacturer, this could mean increasing your productivity to meet demand.
Find key workforce facts, labour market information and valuable employer incentive programs to help you hire and train new employees.
Before you make the decision to export, think about the resources and knowledge your business already has and the changes you may need to make.