Business activities to achieve growth
Regardless of how you choose to grow your business, you may need to undertake some basic activities to help you reach your goal.
To support your business' growth objectives, you may need to get financing to hire new employees or research new markets. To help you gain efficiencies, you could look at improving your supply chain, such as finding new suppliers or outsourcing portions of your operations.
Forming strategic alliances or partnerships with similar or complementary businesses can be beneficial to both parties. You and your partner(s) can gain efficiencies by sharing resources, such as distribution channels or marketing efforts.
Find resources that may help you undertake those tasks:
- Conducting market research
Learn more about market research, how it can improve your business decisions, and how to conduct a market research campaign.
- Grants and financing
Find out how to access funding for your business.
Discover how to recruit, hire and effectively manage your employees.
- Expand, move or open a new location
Have you outgrown your current business location?
- Supply chain management
Effective management of your supply chain can help you create a seamless process from pre-production right through to delivery and consumption.
- R&D and innovation
Innovate to get new products and services to market or improve your business processes.
- Get the right advisors for growth
Learn how to find suitable advisors and manage your relationships with them.
- Partnerships for jobs and economic growth
You may be able to apply for government support to start or grow your economic cluster in Ontario.
- Importance of knowledge to a growing business
Discover available information sources, the best way to use the information, and learn how to create a knowledge strategy for your business.
- Review your business performance
Identify the steps in assessing your business' performance and learn how to highlight areas that could be improved.
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