Going for the Gold: Growing Your Business
There's lots of help out there for startup companies. But what if you've survived the startup phase? What if your business is ready to grow?
Yep, there's help out there for you, too.
Whether you're ready to turn your business plan into a strategic growth plan, expand your market, hire employees, keep the good ones you already have or even find funding, affordable and accessible resources can help you grow your company.
Welcome the Second Stage
Second-stage enterprises have survived the startup phase and have owners who are focused on growing and expanding. The second-stage firms generally have between 10 to 99 employees and/or $750,000 to $50 million in revenue. For these companies, business plans have morphed into strategic marketing plans. Finding a location is replaced by funding an expansion. Defining a market niche transforms into finding new markets, launching a new product line, exporting or selling to the government. And finding a team to launch the business becomes a search to find the experts who can take the business to the next level.
Writing a Strategic Business Plan
Guide your business’s growth with a strategic business plan. It helps you define your direction and establish milestones for your business, and if you need funding for growth, your lender will want to see your business plan.
Driving Profits through Marketing and Sales
Marketing is all about customers: knowing their needs and wants and creating the environment in which it is easy for them to buy. The Missouri Small Business and Technology Development Center (SBTDC) offers a great Guide to Developing a Marketing Plan.
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Attracting and Retaining the Right Employees
Your people are your company's most valuable asset. Be thoughtful in how you hire and manage your employees to support your growth.
Maintaining Permits and Registrations
Get legal and stay legal with the help of two state-run websites.
Getting Small Business Loans, Grants and Funding
Before you start fundraising, estimate how much money you’ll need to grow your business and where you can find it.
Fuel Your Growth
Explore the various options for fueling your business' growth.