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Hillsborough FLVEC

Expanding a Business

For those who have survived startup and built successful businesses, the next step is to expand the business beyond its current status. Choosing one or more of the many ways to accomplish this will depend on the type of business, the resources available, and how much money, time and sweat equity the business owner or leader is willing to invest all over again.
  • Click to ExpandClick for DefinitionResponsibilities of the Business Owner or Leader
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      Establishing a Growth Oriented Company Culture
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      Strategic Planning
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      Networking
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      Balancing Work with Family/Leisure
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      Giving Back
  • Click to ExpandClick for DefinitionChallenges of Growth
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      Cash Flow Management
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      Quality Control
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      Capital Constraints
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      Developing Professional Business Practices
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      Managing a Stressful Business Environment
  • Click to ExpandClick for DefinitionBusiness Expansion Strategies
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      Business Growth Planning
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      New Product Development
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      Other Product/Service Related Strategies
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      International Expansion
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      Mergers & Acquisitions
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      Licensing
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      Strategic Alliances
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      Franchising
  • Click to ExpandClick for DefinitionProduct/Service Development
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      Strengthening Brand Image
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      New Product Development
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      Pricing
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      Manufacturing/Outsourcing
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      Supplier/Vendor Relations
  • Click to ExpandClick for DefinitionInternational Trade & Commerce
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      General Information on International Businesses
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      Assessing Foreign Markets
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      International E-Commerce
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      International Banking
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      International Travel
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      International Law
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      International Logistics
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      International Sales & Marketing
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      Government Assistance Programs
  • Click to ExpandClick for DefinitionHuman Resource Management
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      Hiring and Terminating Employees
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      Leading and Motivating Employees
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      Employee Training
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      Outsourcing Payroll and Benefits Administration
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      Employee Stock Ownership Plans (ESOP)
  • Click to ExpandClick for DefinitionMarketing and Sales
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      Market Research
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      Advertising
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      Public Relations
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      Sales Strategies
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      Customer Service
  • Click to ExpandClick for DefinitionLegal & Tax Issues
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      Key Legal Issues for Growing Firms
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      Negotiation
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      Taxes
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      Patents, Trademarks, Copyrights, and Trade Secrets
  • Click to ExpandClick for DefinitionFinancial Management
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      Maintaining Financial Records
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      Debt Financing and Equity Funding
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      Placing a Value on a Business
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      Maintaining Financial Controls
  • Click to ExpandClick for DefinitionTechnology
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      Managing Technology
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      Computers/Information Systems
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      Telecommunications
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      Internet
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      Copy Machines
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      Other Business-Related Technologies