Business Expansion

You may think that because you have good bookkeeping and accounting processes in place and your cash flow is under control, you can sit back and relax. Unfortunately, you'd be wrong. This is the perfect time to do an in-depth analysis of where your business stands financially. If you're not so clued up about the accounting and financial side of your business, you may not realise how an in-depth financial analysis can benefit your company. Learn how to get the most out of your financial information.

Clients are and remain the treasure of every business. This article will try to answer the following question: “Who is the ideal client for my business?” by identifying which demographic indicators to use if your ideal client is an individual or a business. It also encourages you to think about whether your product/service fits the problem/need of your identified client as this will help determine if they are an ideal client or not.

There are a number of instances when you may need to determine the market value of a business. Certainly, buying and selling a business is the most common reason. Estate planning, reorganization, or verification of your worth for lenders or investors are other reasons. Valuing a company is hardly a precise science and can vary depending on the type of business and the reason for coming up with a valuation. This article looks at some of the common methods used to determine the value of a business.

This Business Plan e-book is widely regarded as one of the best preparatory publications on writing a business plan. It deals extensively with the all-important background information required for a business plan – everything that potential financiers may require before considering a business loan. More than just a business-plan writing aid, the Business Plan Book constructively helps the would-be business owner or existing business owner wanting to expand his/her business to identify and deal with potential problems before they arise.

When you approach a potential financier to provide a loan for starting or expanding your business, it's best to be aware of some of the terminology that may be used and what they mean. This article provides you with a list of terms related to financing and finance that it would be helpful for you to know. While this list isn't the complete financing lexicon, it does point you in the right direction.

In a healthy/growth economy, entrepreneurs should be looking for ways and means to take advantage of the opportunities the market is offering, and almost more importantly – the opportunities that will manifest in future. However, economists agree that economies can be volatile, and caution must be applied when evaluating growth opportunities and finding finance to make such opportunities possible. Here are a few pointers which could assist with gearing up for growth.

If your business is established, you already know the ins and outs of your business environment. However, with market trends changing as often as they do, it is important to stay abreast with these changes and keep your options open. With the SME environment becoming increasingly competitive, it's important to keep an eye out for new opportunities and possibilities. If expanding your business is something you want to explore, here are some tips to get your creative juices flowing.

Owning a successful business is difficult. A small business needs business loans to cover cash flow gaps, add to the working capital or to grow the business. There are many ways that you can finance an upgrade for your business by applying for a small business loan. Knowing how to get finance is important for small business owners. Here are a few helpful tips on how you can receive funding to upgrade your small business.

There will inevitably come a time (or many) in your entrepreneurial journey when you begin to consider or actively try to grow your business. This time often occurs at a point where you may not have the financial resources to grow your business according to the plan you identified. However, that should not stop you from doing it anyway. These 8 tips will help you achieve business growth at a fraction of the cost.

For many South Africans, running a business can be challenging. The first challenge is to get your small business off the ground. Once your business starts doing well, there will be technological advances and refurbishments that you would need to undertake. It is understandable that you would want to keep up with these changes. Technology is growing and changing at an increasingly fast pace and it can be difficult to keep up, especially since these improvements requires money. Here are some tips for refurbishing your business.

Generally, small businesses set out to grow. You want your business to thrive and make a name for itself. Most of all, you want to increase your profitability. So, you build your customer/client base, hire more staff and invest your time and energy to make your business a success. But how do you know it’s time for your business to grow? How can you be sure you’re up for the challenge? Here are some questions to ask yourself before growing your business.

The end of a financial or calendar year implies different things for each of us: it may be your business year-end; your peak season; or you may be getting ready to go on holiday. The reality, however, is that one or more of these scenarios is/are applicable to you, but there remains one important aspect that also demands your attention as business-owner – and that is to put your business plan for the next year in place. Here are a few helpful suggestions, if you're considering business expansion.

Every business goes through a growth spurt and, whether a multi-national corporation or an entrepreneurial venture, expansion is a tough process to navigate. The real danger for any expanding business is that it does so too quickly or in an uncontrolled way. The trick is therefore to manage the growth process so you reap the benefits in the medium- and long-term. Here are some important things to bear in mind and some pitfalls to avoid so that everything goes smoothly.

There is no getting around it: the traditional models of the past have no place in today’s fast-paced business environment. Those careerists at the top who expect to remain in those positions until retirement are deluding themselves. Unless you are prepared to recognise change and take the necessary steps to embrace it, you will very soon find yourself out in the cold. The last thing an employer wants is for staff to leave, so it is important that change is managed properly. Here are some handy pointers for overseeing the reform process.

For most business owners, vehicles are an important aspect of their business that ensure it runs smoothly. However, running a business can be stressful and expensive making it harder for your business to purchase a vehicle even though you may need it. But, there are ways that your business can afford a company car. If you are planning on purchasing a business car while saving money then read these helpful tips.

All businesses strive for success. However, growth needs to be managed. If you don’t have the right structure in place, rapid growth can actually undermine all the good work you’ve been doing, and make your business fall flat. You need a plan. You need infrastructure. Don’t wait until your sales start to soar before you consider how to accommodate your business’ growth.