- How do companies grow?
- Business growth strategies
- How to make a small business grow
- How to grow your business online
- How to expand your business into new markets
- Know how to grow your business at the right pace
- Business insurance from Towergate
- Products you may be interested in
- Read business articles and guides
How do companies grow?
Whether you’re a small business of 15 employees or a corporation of 1,500, taking your company to the next level requires a serious strategy for business growth. Every organisation is different, but the principals of a business expansion strategy remain largely the same.
The way you measure your company’s growth depends entirely on your business goals. What growth means for your business could be very different to what it means for someone else.
Common metrics for measuring business growth include:
- Revenue
- Profits
- Conversions
- Number of employees
- Mergers and acquisitions
- Franchising
- New stores or offices
- Expansion into new markets
Your business expansion strategy could include a mix of the above with additional measures thrown in. Once you’ve defined your business goals, you can begin designing a scale-up process to achieve them.