Businessmen should always expect to feel the consequences of economic turnaround across various segments of different industries.
To help entrepreneurs stay strong and grow their ventures, we have put together ten small business strategies for success.
Build one business at a time
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Entrepreneurs see opportunities to grow in many directions. I’ve seen business plans that combine many businesses in one — a combination laundromat, bar, babysitting service and bookstore, for instance. Most of us aren’t that scattered, but it’s still important to concentrate on only one new direction — product or service line, target market, distribution channel — at a time.
