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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 New Business Development.
Read about a common denominator among successful entrerpreneurs--having the ability to think strategically and make critical decisions about the future direction of their business.
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.
Compare actual financial figures to your budget at least monthly. You may need to adjust the budget during the year to reflect new information.
Thorough market research includes analysis of the customers and the competitive environment.
During the planning process, entrepreneurs must evaluate their business model to ensure that the current model will support growth.
There are four basic strategies for growth--Market Penetration, Market Expansion, Line Expansion, and New Product Development. This article examines Line Expansion.
Determine the market potential of business's products or services by examining the key factors presented in this article.
As entrepreneurs plan for growth, they identify the key issues that provide useful information. Consider how one entrepreneur takes an indepth look at her business and uses this insight to clarify a vision and set clear goals for her business.
A business's readiness for growth can be evaluated in part by reviewing its financial performance and its stage in business.
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