The biggest benefit of exporting is that it can expand and diversify both your markets and your customer base. This not only increases your sales but also reduces your vulnerability to a slowdown in a particular market, including Canada’s.
If you’re looking to grow your business to take it to the next level, you may very well need funding that enables you to execute on your business plans. Whether you want to increase sales, expand your range of products or services, move into new premises, hire more staff, or expand internationally, a loan for growth finance can help.
If you’re planning to expand your company, take some time to outline the human resources capabilities you will require. The exercise will help you avoid major HR headaches that could derail your growth.
While efficiency means doing more with less, productivity is about doing more with the same.
Diversification is a growth strategy that involves entering into a new market or industry – one that your business doesn’t currently operate in – while also creating a new product for that new market.
Unlike slow and steady organic growth, growth through acquisition or merger is generally much faster and – if done right – can yield a number of other almost instant benefits that can help make that rapid growth sustainable.
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