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6 Tips for Expanding Your Business ? Regardless of the Economy Add new products and services to your mix.Sell more products and services to your existing customers.Expand into new territories.Target new customer markets.Tap into new sales and delivery channels.Acquire another business.More AllBusiness.com:

Different forms of business expansion include opening in another location, adding sales employees, increased marketing, adding franchisees, forming an alliance, offering new products or services, entering new markets, merging with or acquiring another business, expanding globally and expanding through the internet.

Follow these steps to opening a new branch to ensure success for your business. Choose a location to open a second business location.Develop a marketing plan.Create a business plan.Set up accounting.Get capital to open a second business location.Hire employees.Buy supplies and inventory.

5 Things to Consider Before Expanding Your Business Clarify your goals.Reassess your vendors and partners.Consider financing options.Conduct market research.Make informed hiring decisions.5 Ways to Help Secure the Credit You Need. 4 Points to Consider Before Deciding to Hire.

The basics of how to expand a business to another state include filing for a foreign entity qualification. Once you receive this qualification and are approved to do business in the new state, you can acquire a business address, hire a workforce, and complete any other tasks you need to get your company up and running.

11 tips for moving your business to a new location Set your budget. Determine a budget for your real estate needs.Decide whether buying or leasing is better for you.Research locations.Negotiate effectively.Create a timeline.Build up inventory.Give yourself extra time.Consider a staggered move.

Although growing your small business will take time and energy, there are 10 strategies you can use to help accelerate business growth. Do Your Research.Build a Sales Funnel.Increase Customer Retention.Participate in Networking Events.Practice Corporate Social Responsibility.Form Strategic Partnerships.