10 Ways To Go From Small Business to Major Player With Investments

Posted by Karen Erdelac on May 19, 2015

Business GrowthAre you looking to expand the presence of your company and improve your sales against your competitors?  Small business growth is within your reach if you utilize the many resources which are available.  Have you considered the benefits of a merchant cash advance?  Your company could have quick access to much needed funds to help your dreams become a reality. 

Depending on the nature of your business, there may be several different strategies to put you on the road to growth.  For example, are you an independent contractor working out of your home office? Wouldn’t you like to have an actual office space to work out of and conduct business in?  This will add to your professional image as well as help you remain focused on your company without the distractions of your home life. If you watch shows like Shark Tank, you are very aware of how many small business owners are gifted with new product ideas. What happens when it is time to get your product idea off of the ground?  Where will you get the capital for manufacturing, advertising, and other product costs?  Are you a restaurant or a company that offers delivery services to your customers? Does your company only have one delivery vehicle to rely upon?  Can you realistically count on that vehicle to continuously service you and keep your customers satisfied?  How much weight would it take off of your shoulders to know that you have additional delivery vehicles at your disposal?  How would that affect your sales and your ability to safely increase your marketing strategy? Investor

A merchant cash advance is not a loan, rather it is an advance against your company’s future credit and debit card sales.  There are no invoices or checks to write and your payments can adjust with your credit card sales.  According to the Small Business Administration, there are several ways to turn your small business into a major player.

  • Open another location. This is often the first way business owners approach growth.
  • Offer your business as a franchise or business opportunity. Franchising your business will allow for growth without requiring you to manage the new location.
  • License your product. This can be an effective, low-cost growth medium, particularly if you have a service product or branded product.
  • Form an alliance. Aligning yourself with a similar type of business can be a powerful way to expand quickly.
  • Diversify. Diversifying is an excellent strategy for growth, because it allows you to have multiple streams of income that can often fill seasonal voids and, of course, increase sales and profit margins.
  • Target other markets. 
  • Win a government contract. One of the best ways to grow your business is to win business from the government.
  • Merge with or acquire another business. 
  • Expand globally. To do this, you'll need a foreign distributor who can carry your product and resell it in their domestic markets.
  • Expand to the Internet. Very often, customers discover a business through an online search engine.

These opportunities can help a savvy small business owner increase sales and see their potential for growth realized.  Your success is dependent upon your ability to capitalize on the options which are available. With the help of a merchant cash advance, you can turn your single truck into an entire fleet or expand your local presence into one on a national or even a global level.

 

 

 

Topics: Growing Your Business