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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 Expansion.
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.
This tool helps entrepreneurs determine the best means to distribute their products and services.
Entrepreneurs make great decisions when they critically analyze the situation.
Compare actual financial figures to your budget at least monthly. You may need to adjust the budget during the year to reflect new information.
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.
Distribution strategies help entrepremeurs meet the demands of their customers and increase sales.
Budgeting, forecasting, and projecting mean fundamentally the same thing--estimating future amounts based on information you already know.
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