Congratulations on your business becoming a going concern, which means that your organization survived the “startup” stage of the organizational life cycle, and has the intent and capacity to grow. Your “growth” stage will present different challenges, and the following is a guide for business owners looking to grow their business in Chicago.
Photo Credit: Chicago Sunset from Hancock Observatory by Chris Smith
Before looking to future growth, business owners should audit their organization’s resources and capabilities.
While assessing your organization, do not lose sight of your current goals and responsibilities.
Writing a growth plan is very similar to writing a business plan, however, a business growth plan focuses specifically on expansion and how you're going to achieve it; a well-crafted business plan, is key to taking your business to the next level.
Having a better understanding about your market will allow you to run your business more efficiently; having a powerful network can provide you, and your business, with opportunities for growth.
Be strategic and borrow with purpose; explore the various options for enabling your business' growth.
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