Transitioning Your Small Business Into A BIG Business

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into a
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Research, Time, and Sweat Equity

• Starting a business requires a lot of research,
  investment of time, and sweat equity. The
  decision to move a small business to the next
  level takes careful consideration because the
  next step in growth will take an even greater
  amount of resources. There are numerous ways to
  make the change, and the route taken depends on
  the type of business you own.

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Open Another Location

• Physical expansion is challenging and requires
  significant research and financing. A consistent
  minimum profit over several years, along with
  studying economic and consumer trends, will
  reveal your companys viability. Even though your
  existing business may already be stable, it is
  best to prepare a business plan for the expansion
  and ensure administrative systems and management
  teams are operating at peak efficiency. Opening
  another location can also be applied as expanding
  into another market, such as moving online or
  into retail.

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Market Development Franchising

• Another growth strategy is to plan to sell more
  currently available products or services to new
  customers. One way to accomplish this is to
  create a franchising model. This is a way to
  expand into new territories without doing all the
  grunt work yourself. Franchising allows you to
  grow your brand through the dedication of your
  franchisee, while also making a profit. When
  people have a vested interest in their work they
  enjoy it more, furthering their level of
  commitment to success. Franchising grows from
  this philosophy.

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Licensing

• Licensing offers an effective and low-cost growth
  opportunity, particularly if you have a branded
  product or service. This structure allows you to
  collect money upfront and royalties from
  continued sales, use of your product, software,
  name brand, etc. If you dont have an established
  company, you dont need one for entrance into
  licensing. For those who dont want the
  responsibility of building an established company
  just yet, licensing minimizes risk and is low
  cost.

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Diversify

• Opportunities for diversifying can come in the
  form of selling complementary products or
  services, importing or exporting yours or others'
  products, or becoming a paid speaker. When you
  diversify, you gain multiple streams of income
  that increase sales and profit margins. It can
  even cover periods of the year when sales are
  lower than normal. Diversifying broadens your
  market and presence in the marketplace, which
  then leads to greater opportunities.

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Merge or Acquire

• A growth jumpstart can be stimulated by merging
  with or acquiring another business. Sometimes
  its challenging to continue growth and servicing
  clients without taking over a competitor. After
  such a large change, it is important to retain
  customers and the best employees. A huge benefit
  is the integration of the new companys
  technology with your existing technology and the
  concentration that can now be placed on making
  the company even stronger.

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Expand Globally

• Global expansion may be part of a merger or
  acquisition, but it isnt the only option. Youll
  also reach global growth if you prime your
  business for an international market. If you have
  a physical product, you'll need connections with
  a foreign distributor who'll carry an inventory
  of your product and resell it in their markets.
  You can locate foreign distributors through your
  city or state to find a foreign company with a
  U.S. representative.

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Maximize Time and Resources

• While all efforts are being placed into growing
  the business, you and your employees investment
  of time and sweat equity is best spent on the
  business growth rather than coordinating the
  influx of calls. Managing the constant flow of
  communication is critical to the success of
  expansion. A professional call center can offer a
  highly trained team to take calls and messages.
  Unlike other techniques for growth mentioned,
  there is also no limitation on the type of
  business that can benefit from an answering
  service.

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• Personalized Communications offers full range
  call center solutions that can be tailored to any
  business, suiting your needs and your style.
  Customer service is the number one priority and
  only highly skilled telecommunications
  professionals will be in contact with your
  customers and clients. This high customer service
  standard is met consistently due to initial and
  on-going training for all managers and call
  agents. You can rest assured your customers and
  clients will be satisfied when communicating with
  our team.
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• http//www.callcenteragency.com/
• 1-800-606-9898