Assess your options for business growth

Introduction

Guide

Most businesses aspire to grow. There are many ways to scale a business so choosing the right strategy is key. To succeed, it is important to understand your current performance, set defined goals and find effective ways to increase profits and reach new customers.

This guide highlights the importance of business growth. It examines the different business growth strategies and the pros and cons of tactics such as market penetration and development, diversification and business partnerships.

It also covers key considerations around growth financing and planning, and offers five top tips to prepare your business for growth.

Support to grow and scale

You can get free advice and guidance from your local council to help you grow your business and scale up operations. To request support, complete a short enquiry form or call the Go Succeed helpline on Tel 0800 027 0639.