Below is a non exhaustive list of strategies that may be employed to increase revenues and reduce costs:
-Â Â Â Â Â Â Â Â Â Increase margins and reduce costs.
-Â Â Â Â Â Â Â Â Â Reduce excess capacity and develop efficient methods so you get more out of your resources.
-Â Â Â Â Â Â Â Â Â Enter new markets and increase market access to your products.
-Â Â Â Â Â Â Â Â Â Purchase businesses in the early stage of a new product or new industry.
-         Always look to get the best prices and always negotiate when buying any business or hiring new staff.
-Â Â Â Â Â Â Â Â Â Implement the skills and technologies you require as quickly as possible to ensure you stay ahead of the market.
-Â Â Â Â Â Â Â Â Â Buy smaller competitors and look to consolidate the market.
-Â Â Â Â Â Â Â Â Â Merge with a competitor.
-Â Â Â Â Â Â Â Â Â Purchase the assets of other businesses.
-Â Â Â Â Â Â Â Â Â Acquire the Intellectual Property Rights from individuals and businesses, in order to protect your position, as well as to make money enforcing those rights.
