At this point, you may have a profitable home business on your hands. The next logical step is to grow and expand into new markets, or perhaps to create new product lines. Unfortunately, most home business owners are already short on space and have their business invading rooms once reserved for personal use only.
1. Outsource
A home office typically needs, at the very least, a lot of administration. Phones, a computer desk, filing cabinets – it all adds up and leaves your home looking messy and frazzled. Instead, you could outsource your administrative needs, like bookkeeping or invoicing, to a third party company. This lets you concentrate on actually working while letting professionals handling the busy work.
2. Plan For Growth
A growing business is a healthy business. Even if you aren’t making any profit, you are still opening up new markets and therefore more opportunities for you to do greater amounts of business. As you grow, you can afford to price your products lower knowing that you will be doing a greater number of transactions than your direct competition. In essence, you will be making less money per unit but selling far more...
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