We often get questions on business development ranging from “how do I start a business” to “how do I exit.” Business is complicated. No one person can do everything well.
Business Development Basics
This section answers the following questions:
- How do I start a business?
- How do I grow my business?
- How do I turn my business around?
- How do I expand my business?
We also provide details on our series of courses called XpressMBA™
What Does It Take to Start My Own Business?
A question we often are asked is: How do I start my business? What are the key things that I need to know? Well, it does differ from state to state, so you need to look at your state regulations to ensure that you comply. However, the info-graphic provides an overview of the most important things you need to know.
How Do I Grow My Business?
What to do about growing your business depends heavily on how long you’ve been in business, whether you are profitable, and whether you have a clear understanding of what need(s) your product or service solves. We’ve written several great case studies about how small businesses have tackled these challenges. This simple tool will help guide you to the one most suited for your needs
How Do I Fix a Struggling Business?
When a business is struggling, it’s not uncommon for the owner to think: ”What the heck did I get myself into? What do I do now?” This is Dante’s story, a small restaurant owner, and the challenges he faced. Together, we overcome them.
“I started my business to follow my dream. The business started out fine, but lately, we haven’t been doing that well. Sales are falling and bills are getting harder to pay. I’m spending so much time thinking about the business that it’s not as fun as it used to be. I’m beginning to wonder if I made the right choice”
Dante owns a small upscale dining establishment in Manhattan. During his first few years, Dante has had great success with his restaurant. He had a good location. He had solid reviews. His cuisine was new, and the design of his restaurant was awesome. However, during his second and third years of operation, that situation had changed. He was losing money & customers. He was having a tough time.
How Do I Expand My Business?
When a small business grows, there comes a point when they need to think about expansion. It’s essential to understand the signs that you are ready to expand, so you can act before you are overwhelmed, and quality starts to suffer. We have two great cases; one about a business who caught the signs of distress early, a second one who waited a bit too long. Together, we were able to overcome these challenges, and we believe that they are helpful reads if you’re starting to feel a little stretched.
“The business is going great, but I wish my life was. I find that I’m spending so much time working that I don’t have time for everything else. It’s not as fun as it used to be. I’m resent being so tied to the business, and I’m wondering if I should do something else. But my family needs the income so I can’t. I really feel stuck”
“I started my business to help patients feel better. The business is going great, but lately, I find that I’m spending so much time doing all this business stuff and now I don’t have time to see patients. it’s not as fun as it used to be. I’m beginning to resent being so tied to the business that I can’t enjoy life.”
Xpress MBA™ - an Easy Way to Learn the Basics
Leaning Should be Easy
Let’s face it. Who has time to take an online course or sit through a 2-hour seminar? Typically only 5 minutes are useful, anyway. They’re boring. We’ve taught them. We’ve taken them. There has to be a better way. We think so, too. With the Xpress MBA™, we show you one thing and one thing only. It’s quick. It’s step-by-step. It’s actionable. Within 5 minutes, you have a tool that you can use right now!