Developing your business

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.

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