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What Is A Business Expansion? Business expansion is a stage where the business reaches the point for growth and seeks out additional options to generate more profit. All successful businesses or startups ultimately face the problem of managing business expansion or development.

There are two primary ways you could expand your business with franchising. The first way is to buy an existing business or franchise. This option tends to cost more upfront, but can be less risky than trying to start from scratch. The second way is to build your own franchise.

Growth strategy can be adopted in the form of expansion, vertical integration, diversification, merger, acquisition and joint venture.

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A growth strategy allows companies to expand their business. Growth can be achieved by practices like adding new locations, investing in customer acquisition, or expanding a product line. A company's industry and target market influence which growth strategies it will choose.

Although growing your small business will take time and energy, there are 10 strategies you can use to help accelerate business growth. Do Your Research.Build a Sales Funnel.Increase Customer Retention.Participate in Networking Events.Practice Corporate Social Responsibility.Form Strategic Partnerships.

Different forms of business expansion include opening in another location, adding sales employees, increased marketing, adding franchisees, forming an alliance, offering new products or services, entering new markets, merging with or acquiring another business, expanding globally and expanding through the internet.