Do you want to start growing your business? Growing a business can be challenging and there are several things that you need to know in order to be successful. This section provides valuable information, resources, and tools for you and your business to chart a path of growth. Spend time with an SBDC Coach and that growth will take off!

Online Resources

Ideas for Growing Your Business – Ten ways that you can grow your business when you are ready to take the next step.

How to Develop a Business Growth Strategy – many ways to guide a business through a period of expansion.

Three Strategies for Achieving and Sustaining Growth – Most businesses fall short of achieving their growth objectives for revenue and profitability. In fact, studies report success rates as low as 20%. Learn why growth is so elusive.

Expanding with a Second Location – Five things to help make your decision easier if you’re considering business expansion (from Entrepreneur).

Finance Growth – A series of articles on sources of capital to grow a business from SBA’s Small Business Planner.

Franchise Your Business – Interested in turning your business into the next Subway or Curves? Find out if your company, and you, are cut out for franchising.

Grow Your Business – Section on small business growth strategies from Entrepreneur.

How can I recognize a growth opportunity? – When is a good time to grow your business and what is the best way to go about it? Q&A from Entrepreneur.

Relocate Your Business – Running out of space? Need an upgrade? It might be time to move your business to another location (from Entrepreneur).

Tools for Online Success

Books

Good to Great by Jim Collins

Good to Great
This book addresses a single question: can a good company become a great company, and if so, how?
Based on a five-year research project comparing teams that made a leap to those that did not, Good to Great shows that greatness is not primarily a function of circumstance, but largely a matter of conscious choice, and discipline. This book discusses concepts like Level 5 Leadership, First Who (first get the right people on the bus, then figure out where to drive it), and the Flywheel.

 

The Lean Startup by Eric Ries

LeanStartup

Do one important thing: make better, faster business decisions. Vastly better, faster business decisions. Bringing principles from lean manufacturing and agile development to the process of innovation, the Lean Startup helps companies succeed in a business landscape riddled with risk.

 

 

 

The E-Myth Revisited: Why Most Small Business Don’t Work and What to Do about It by Michael E. Gerber

E MythMichael Gerber’s The E-Myth Revisited should be required listening for anyone thinking about starting a business or for those who have already taken that fateful step. The title refers to the author’s belief that entrepreneurs–typically brimming with good but distracting ideas–make poor businesspeople. He establishes an incredibly organized and regimented plan, so that daily details are scripted, freeing the entrepreneur’s mind to build the long-term success or failure of the business. You don’t need an M.B.A. to understand or follow its directives; Gerber takes time to explain buzzwords and complex theories. Read in a clear and well-paced manner, listening to The-E Myth is like receiving advice from an old friend