“Business growth is a point a business reaches where it expands and requires more avenues to generate a profit. This can happen when a company increases revenue.”

“Market penetration. The aim of this strategy is to increase sales of existing products or services on existing markets, and thus to increase your market share.”

“Every new business and start-up, big or small, goes through the five stages of business growth. These phases include existence, survival, success, take-off, and resource maturity.”

“Calculating the growth rates of various metrics and then comparing them to one another gives you a more complete picture of your business’s trajectory.”

“While there is no way to guarantee success, implementing these tips can put your business in the best position to succeed and grow.”

“Small businesses can quickly adapt and respond to customers’ needs. This agility can give them an advantage over larger businesses.”