Jack Ly | How to Successfully Expand a Business | Acquisitions, and partnerships

1. Jack Ly | How to Successfully Expand a Business | Acquisitions, and partnerships

2. 3. Internal Internal business process optimization is the goal of an internal growth strategy. This technique is dependent on businesses utilizing their own internal resources, much like organic growth. The key to any internal growth plan is making the most use of the resources already at hand.

3. Business development is the stage at which a company expands and needs more ways to make money. This may occur when a business boosts sales, cranks out more goods or services or grows its clientele.

4. Types of Business Growth You may build your firm in a number of ways as a business owner. These categories can be used to categorize business growth:

5. 1. Natural With organic growth, a business increases by using its own internal resources and internal activities. As opposed to needing to look for outside resources to support expansion, this. Wardiere Inc. 04/12

6. 2. Strategic Creating strategies for long- term corporate growth is part of strategic growth. Creating a new product or creating a marketing plan to appeal to a new market are two examples of strategic expansion. Wardiere Inc. 06/12

7. 4. Acquisitions and partnerships Acquisitions, partnerships, and mergers can result in significant profits despite being more risky than other growth strategies. A well- executed merger, collaboration, or acquisition may help your organization enter a new market, boost its client base, or broaden the range of products and services it offers. There is strength in numbers.

8. Business Growth Strategy 2018 2019 2020 2021 2022

9. How to Successfully Expand a Business Use a template for a growth strategy. Pick the growth area you want to focus on. Investigate the market and the sector. Set growth objectives. Make a plan for your next move. Establish your growth needs and tools. Implement your plan.

10. Thank You