This stage is characterised by a new period of growth into new markets and distribution channels. This stage is often the choice of the small business owner to gain a larger market share and find new revenue and profit channels.
Moving into new markets requires the planning and research of a seed or start-up stage business. Focus should be on businesses that complement your existing experience and capabilities. Moving into unrelated businesses can be disastrous.
How we can help
We can advise on how to add new products or services to existing markets or expand existing business into new markets and customer types. Funding sources: Joint ventures, banks, licensing, new investors and partners.
To find out how we can help click our service guides below:
Expanding your business
- a website for your business
- b2b - the real e-business
- brand awareness - making your mark
- direct marketing
- getting started with e-commerce
- growing the top line with a marketing audit
- selling benefits not features
- SWOT analysis
- the correct marketing spend
- the national minimum wage
- using the internet as a recruitment tool