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STEP 1

Identify exactly what needs to expand. Expanding for the sake of expanding might lead to increased inefficiencies. Determine exactly what parts of the business you wish to expand. Producing more product does not necessarily translate into a broad expansion across the board.

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STEP 2

Determine the effect of the expansion on personnel &TIME. Never increase productivity outside capital funding.

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STEP 3

Develop training programs for yourself first and enhance your employees. Communicate expansion efforts and goals with employees. Train with an open mind and explore innovation from younger employees or partners.

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STEP 4

Consider expanding through the Internet. Brick and mortar (traditional building space) costs a great deal more than the cost of maintaining a fluid presence. This is also a great way to reach overseas clients while extending your hours to 24/7.

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STEP 5

Purchase or lease additional space only if necessary. Consider efforts to maximize the physical space of your current location.

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STEP 6

Determine new routes and plans for logistics. With additional customers comes the need to service a broader customer base. Identify those logistical needs that need augmentation.

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