fbpx So you’ve been in business for a couple of years and your store is doing well, but is it time for you to grow your business? The majority of small businesses believe that they can double their sales within five years and do so with a relatively small number of issues, according to a survey from the National Federation of Independent Businesses. Are you ready to grow your business? Here’s what you can do: Open another location: Just be sure to make sure that you’ve had steady growth over the past few years and that you wouldn’t be competing against yourself. Form an alliance: Partner up with other stores that have a similar customer base as you so you can help each other make more money. Diversify: Get creative and bring your store to the next level by offering a new or unique product or feature. For example, if you’re a running store, offer some community exercise classes. Target other markets: Are there other markets that might benefit from your goods or services? Could you introduce something new in your store to cater to a different market? Create online presence: If you don’t already have a website, it is time to create one. Giving your customers an additional space to shop at your store can only help, not hurt, your business. Use data to make smarter decisions: Identify the numbers and data that matter to you and use those. You never know what information you have today that you can use to make decisions in the future. See what your competitors are doing: Your competitors must be doing something right to succeed, so figure out what it is, and do it better! Click here to learn how RICS Software can help you grow your business!