Key considerations before expanding your small business to ensure success.
Starting off as nothing more than an idea, you managed to develop a product or service, cultivate an authentic team, identify and market to a target audience, and generate sales that consistently meet or exceed your financial goals. It’s safe to say, that you’ve worked hard to get your business to where it is today. It’s only natural at this point to consider taking things to the next level to expand your reach and success.
Though expanding your small business can be quite the milestone, it is not an easy process. Much like when you started your company, there will be a lot of challenges to overcome in order to remain successful. Jumping the gun too soon could ruin everything you’ve worked so hard for. As such, before taking that leap of faith, it is highly recommended that you give thought to a few key considerations:
Wanting to expand your small business and being ready to expand your small business are two very different things. If you expand before you’re actually ready, you place a lot of financial and operational pressures on yourself and your team unnecessarily.
How do you know when you’re ready to expand your business? Do you have a consistent list of regular customers? Are you gaining new customers regularly? Are your customers asking about new products, services, or service locations? Is your business’s net income (after expenses) consistent or growing? Is your industry flourishing right now, or is it fading or stagnated? Lastly, are you bringing in more business or getting more business requests than your existing operations can handle?
If you’ve answered yes to each of these questions, chances are you’re ready to expand your business.
So, you’ve done the research and the numbers and statistics show that you could very well benefit from expanding your small business. The next factor to consider is funding. Expanding your business means investing more money. If you don’t have the financial means or aren’t in a position to obtain the funding you’ll need for an expansion, you shouldn’t make moves just yet.
Start by creating a list of everything you’ll need to expand your business. Then, get a general idea of how much these items will cost. Compare this list of expenses to your current finances. Do you have enough to manage the additional costs? If not, you’ll need to look into other funding sources.
For example, if you were looking for a new location for your manufacturing warehouse or retail shop, there are hard money lenders Orange County and other counties across the US you could rely on to secure a commercial property loan. If you needed additional funds to purchase equipment and supplies, there are equipment loans available. Perhaps you need money to invest in inventory or marketing, then a small business loan may suffice.
In any of these examples, however, you must be in the right position financially to take advantage of these loans. This includes having good business credit, a strong track record (most borrowers ask to review financial reports to discern your company’s success and liability risks), and the financial means to repay these loans in full to avoid going into debt, ruining company credit, and perhaps destroying your brand.
You believe you’re ready to expand your small business and you have the money (or are in a position to borrow and repay the funds) to fund your expansion. The final consideration to keep in mind is the current market. Just as you took the time to research the market and your target audience when you started your business, the same needs to be done when considering a business expansion.
If you’re thinking of offering a new product or service, will there be enough interest in it to be successful? Who will be your target audience? Will you be able to meet their demands? Are there competitors in this market you’ll have to worry about? For those who are expanding to a new geographical location, you want to know the answers to questions like, is there a need or interest for what you offer (to generate profits), is there already a lot of competition in the area, what are the expectations of consumers in that area, and do you have a marketing plan to draw in new audiences?
Expansions are great for business. It is essentially an opportunity to reach new customers, introduce new products and services, and increase revenue. Be that as it may, expanding before giving some serious thought to the above-mentioned factors could ruin your expansion dreams and your small business altogether. So, do your due diligence to ensure that you’re fully prepared to take your brand to the next level and succeed.
4 Alternative Therapies and Treatments for Cancer
More and more Americans these days are in search of alternative options for treating cancer, and it’s not so surprising. The more conventional treatments include things like surgically removing malignant tumors, radiation therapy, and chemotherapy. However, awareness is growing regarding the harsher side of the latter to options as well as about these options not always bringing about the outcome that’s desired. Patients need therapies and treatments that work with the body as opposed to poisoning it.
Insulin Potentiation Therapy (IPT) provides a method of optimizing little doses of chemotherapy in order to target cells that are cancerous while also alleviating most of its collateral damage. If you’re considering this, read a few patient testimonials. The way it works is through the lowering of the patient’s blood glucose levels due to using insulin precisely through fasting to that of a controlled version of moderate hypoglycemia. During this state, the cells that are cancerous get hungry and become extraordinarily receptive to any nutrients they can find. The patient will then be given a minute dose of chemo that’s set in a solution of glucose that the cancerous cells will eagerly absorb. Because of this minute dose, there are minimal side effects.
This one is also known as Iscador. Whether you have lung cancer or some other sort of cancer caused by silica exposure or anything else, this one might be an option for you. It’s quite popular as a treatment for cancer in European countries. This specialized sort of therapy uses an extract of mistletoe that’s been purified in order to kill off cancer cells while simultaneously stimulating the patient’s immune system.
For those who may never have heard of Gerson therapy, this type of nutritional therapy is called microbiome shifting. It’s aimed toward the revitalization of the healing potential of the body. It removes as much of the toxins accumulated by the body as possible while it also increases the oxygenation of the cells that have been affected by cancer. This protocol includes things like daily coffee enemas, specific supplements, a strict regimen of an alkaline diet, and juicing.
Biomagnetism, also called biomagnetic therapy, is a procedure that’s completely noninvasive and has a vast array of things it can be used for. It uses the positive and negative poles of magnets that are placed specifically over various vital organs for specific periods of time. This works to shift the natural pH of the body and restore a semblance of balance to the terrain of the body. This therapy was discovered a few decades ago and it’s said to effectively treat different types of cancer.
The integrative advanced treatments for cancer that you’ve just read about are effective and powerful options for cancer patients. However, in order for the results to be completely optimized, there’s a level of personalization required. Thankfully, there are sophisticated systems available that give medical professionals the ability to tailor these and all cancer treatments and medications to specific patients. They can confidently create highly detailed protocols that are totally unique to each patient. By utilizing advanced scientific principles to identify which treatment will be the most effective for a given patient, the effectiveness of the treatments is increased while the side effects are decreased.
As our collective understanding of human physiology expands in order to include the impact of psycho-emotional issues, environmental interactions, systemic functionality, and even the specific role that our consciousness plays with regard to our health, the ability we have to develop successful treatments that are completely holistic is increased by a dramatic amount.