How do you know when it is time to expand your business?
SBDC Level Up is a program developed by the Orange County Inland Empire Small Business Development Center to assist small business owners in identifying when they are ready to expand and drive their business to the next level. Through this program, business owners will work on putting together their path towards growth as they evaluate and develop on their metrics, benchmarks, teams, financials, triggers and strategies to reach the next level of growth. Trainees will learn how to de-risk expansion and get involved in proactive growth.
Biggest obstacles in growing your business could include
- Intelligent Planning
Categories of growth include
- New Revenue Streams
- Entering New Market Segments/Expanding Customer Base
- Expanding Team
- Acquiring New Technology/Equipment
- Adding Strategic Partners
- New/Additional Location
- Mergers and Acquisitions