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Explore the Entrepreneurship.org Resource Center to find resources. Designed with entrepreneurs in mind, our resource center allows you to find materials to grow great ideas.
There are four basic strategies for growth--Market Penetration, Market Expansion, Line Expansion, and New Product Development. This article examines Market Penetration.
Using the four basic growth strategies--Market Penetration, Market Expansion, Line Expansion, and New Business Development--this tool helps identify potential growth opportunities for a business.
During the planning process, entrepreneurs must evaluate their business model to ensure that the current model will support growth.
This tool helps entrepreneurs determine the best means to distribute their products and services.
Entrepreneurs make great decisions when they critically analyze the situation.
Before building a detailed line-by-line budget, entrepreneurs should prepare a preliminary forecast, projecting estimates of the primary components of profitability--sales, cost of goods sold, and operating expenses.
This tool provides questions to help entrepreneurs consider the strategic and tactical pluses and minuses of investing in new product/service development.
Compare actual financial figures to your budget at least monthly. You may need to adjust the budget during the year to reflect new information.
Distribution strategies help entrepremeurs meet the demands of their customers and increase sales.
Historical financial information can be a great tool to jumpstart the budgeting process if care is taken to adjust for any incorrect or misleading information.
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