Business Life Cycle Expansion Stage

This life cycle is characterized by a new period of growth into new markets and distribution channels. This stage is often the choice of the small business owner to gain a larger market share and find new revenue and profit channels.

Challenge: Moving into new markets requires the planning and research of a seed or start-up stage business. Focus should be on businesses that complement your existing experience and capabilities. Moving into unrelated businesses can be disastrous.

How we can help: We can advise on how to add new products or services to existing markets or expand existing business into new markets and customer types.

Money Sources: Joint ventures, banks, licensing, new investors and partners.

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