7 Signs That You’re Ready to Take the Next Step in Business Growth

Who wouldn’t love to grow their business? It’s usually a sign that you’re achieving some level of success and it’s important to capitalize on every situation that you can in order to target new audiences, break into new markets, relocate your business and ultimately become more successful. However, most new entrepreneurs often have no idea if they’re standing on a pile of gold or trying to polish a rubbish idea.

Unless you have a mentor working with you and giving you advice, it’s difficult to determine if your business can grow in the future or if you should sell your company as soon as possible. To give you some advice, we’re going to list 7 important signs to look out for that will tell you that your business is ready to take the next step and grow.

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  1. Your products are in heavy demand

This is perhaps the most obvious sign that your business is doing well. If your products are heavily sought-after and you’re always selling out, then you need to ramp up production to serve more customers.

  1. Your production can’t keep up

If your manufacturer can’t keep up with the demand or if you’re running out of materials to make your products, then it’s a good sign that your business isn’t able to keep up with the demand. In this case, you’ll want to start looking for more efficient ways to produce the products that your customers love and potentially prioritize the more popular ones.

  1. You have several product lines

It’s always important to have several product lines. As seen in this informative strategy from smallbusiness.chron.com/, diversification can be simple as long as you take the right approach. Customers love to see alternate options and other products you offer as long as they’re relevant to your business.

  1. You’re considering taking production into your own hands

Whether it’s getting a machine from bosslaser.com/ and cutting or engraving your products, or getting your own printing press to create your own clothing label, taking production into your own hands is a fantastic way to ultimately improve your presence in your industry and set yourself apart.

  1. You have a diverse audience

If you appeal to multiple audiences then it’s a good sign that you’re doing something right. You could be attracting different age groups, different interests or even different countries. Either way, the more diverse your audience, the more prepared you are to grow your company.

  1. You have multiple sources of income

If you make money from multiple sources then you’re likely ready to expand your business. Multiple sources of revenue usually mean that you have extra capital that can be used to expand various parts of your business without harming a source of income.

  1. You’ve built a strong network

Whether it’s a network of investors, contacts at other major companies or even a strong relationship with your customers, building a strong network is a fantastic way to grow your company and prepare your business for growth.

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The Questions We Ask When We Start On The Stock Market

More people than ever before are looking to passive income to make the bulk of their money. It makes sense in a world where many are turning away from the 9-5. Some individuals are starting businesses. Others are turning to less involved ways to make their money. Hence why the stock market is on the tips of many tongues it’s never touched before.

Once, us outsiders saw stock investment as exclusive to those on Wall Street. Us mere mortals had little chance of comprehending those fast-moving figures. But, thanks to changes in operations, and films like The Wolf of Wall Street, more of us are considering this as an option for making money. After all, Jordan Belfort started here from the ground up. Besides, we don’t want to become millionaires; we just want to make a little extra cash.

There’s nothing wrong with that, and it’s good that more people are investing in this field. It certainly takes power away from the people at the top. But, there are a few questions you should ask yourself before making any decisions. And, we’re going to look at three of the main ones.

Where should you invest?

The main thing you need to know is where to invest. Without this knowledge, you’ll find it near enough impossible to break through. The good news is, there are plenty of guides out there to help you. For the most part, making the right investment means considering how a business has done in the past compared with how they’re doing now. It’s also worth looking at projections for how they could do in the future. In short; there’s a lot of research. Let’s take botz etf stocks as an example here. These stocks are currently 50-60 percentile range compared to their historic medium. Plus, their current score is showing a higher than normal reading, which suggests reduced risks. In all, this would be a pretty good bet. Consider similar issues for all the stocks you look at, then compare them to find your best bet.

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How much do you need to start?

It’s also worth considering the amount you need to get started. The more you can invest, the more money you stand to make. But, that’s not to say you need a fortune behind you before you can make a move. In fact, less may be best in the early days. Bear in mind, though, that many stockbrokers won’t take tiny shares. You should expect to pay somewhere between $500-$1000 as a minimum.

For how long should you invest?

Ask yourself, too, how long you should invest for. In truth, this isn’t an easy question to answer. Once upon a time, it wasn’t unusual to invest for five years or more. But, the average holding time has reduced to around four months. In truth, longer-holdings stand to earn you more. But, you can keep things short and sweet if you want to see a fast return.

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Feeling Cooped Up In The Office? Try Chicken Farming Instead

Enterprises come in all shapes and sizes. In the business world, there’s more focus on the office environment than anything else. Hence why many individuals start out in this setting. But, sometimes, being cooped up in an office isn’t a choice we’re willing to make. For some of us, a life like that could never be a happy one.

But, that’s not to say that such individuals can’t start a new business. There are many options which can see you out and about on a daily basis. Many people opt to start construction firms or undertake a gardening enterprise. Both these options could see you out in the fresh air as much as possible. But, neither of these beat an option like farming. Nothing’s as good as this for spreading your wings and escaping the workplace. Of course, many opportunities in this industry involve start-up costs which are out of reach for many of us. But, something like chicken farming has low overheads and might be worth considering.

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As livestock goes, chickens are a reasonably cheap option. As such, you could get started with this in the not too distant future. But, before you do, it’s worth asking yourself the following questions.

What products would your chicken farm focus on?

This may seem like a strange question. Surely the chickens are the products? But, there are a few different ways to make money from a chicken farm, and you need to consider each. The most apparent money-making benefit here is, of course, eggs. By focusing on egg production, you can be sure to make large amounts of money from each chicken you buy. After all, the average hen produces at least one egg most days. With regards to returns, it doesn’t get much better than this. But, that’s not to say egg production is your only option.

You may also want to delve into the world of broiler chickens, produced for meat. You do only get one lump-sum payment from these chickens, but you also pay less for upkeep. As such, the profit margins will be much the same.

If neither of the above options takes your fancy, you could even opt to breed chickens for other farms. This involves understanding what makes chickens ideal and breeding for the desired traits. If you get a reputation for yourself here, you’re sure to see fantastic returns.

So, there’s more to settle on than just chicken farming. You don’t have to stick with one option here, but it may be best to do so in your early days. That way, you can perfect one field before moving onto others. Make sure to consider startup costs and potential problems before making a decision.

What kinds of chickens?

Once you’ve decided what you want your chickens for, it’s time to consider which breeds would be best for the job. Different strains suit different purposes, so it’s crucial you take your time here. For instance, those focusing on egg production may want to opt for breeds such as White Leghorns. Those focusing on meat, however, would be better with breeds like the Cornish Rock. In some cases, there are chickens which have many functions and may be your best bet. Do your research, and consider what would be the best choice for you. Throughout deliberations, return to the decision you reached during the above point. That way, you can make sure that you’re opting for wise buying choices each time.

What will you feed your chickens?

It’s also worth taking some time to choose what you’ll feed your chickens. Again, the priority here all depends on your reasons for keeping them. Those with egg-layers will want to incorporate calcium. Keepers of broiler chickens will be more concerned with protein. No matter your purpose, proper nutrition is a must for healthy, productive chickens. The good news is, companies like River Country Cooperative produce nutritional feed options which should provide everything your chicks need. If you’re going down an egg route, you should also provide additions such as oyster shells to ensure adequate calcium. Bear in mind, too, that feeding needs may change during different times of the year. When chickens are molting, they need extra protein to ensure they keep laying eggs. In this instance, you could turn to higher protein ‘growing’ feed options. Or, you may want to turn to extras here, too. Chickens love treats like dried mealworms, and these are packed full of protein. Develop a decent calendar system to help you decide when these extras are necessary.

How will you keep your chickens?

In an age where we are becoming more aware of foul play in the farming industry, living space is much more important than you think. While battery farming and caged chickens were once the norm, this won’t do anymore. From an animal rights angle, this isn’t a life you should expose your chickens to. A move like that wouldn’t even make sense for profits in this careful consumer age.

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But, what are the alternatives? It may be that you want to keep your chickens in coops, much like homestead farmers would. Admittedly, large-scale coops can set you back a fair amount. To avoid that cost, you could always attempt to build coops of your own. As long as they have a raised perch bar and private nesting boxes, you’re sure to see results. Or, you could bite the bullet and invest in some ready-produced options. You can be sure that they’ll soon pay for themselves.

Or, you may prefer to opt for a barn set up, which will serve for more chickens in one foul swoop. There’s nothing wrong with this, as long as you provide outside space for at least some of the day. That’s easy enough to arrange. You could always build a roaming area around the entrance of your barn, and leave the doors open during sunlight. This would lend your farm the label of ‘free range’, and ensure customers don’t hesitate to buy your products.

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Reduced Costs + Increased Fun = A Formula For Family Success

Most average families wish that they had more money, and those financial issues are easily among the most common causes of headaches. But while finding ways to reduce your ongoing living expenses, nobody wants to sacrifice their sense of enjoyment. Thankfully, you don’t need to.

With these five simple lifestyle changes, you’ll soon save money in a variety of areas without losing the things you love.


Use price comparisons

The internet is a very powerful tool that can save you money in a whole host of aspects. Getting cheaper rates on your energy bills will work wonders. Meanwhile, using a VPN can generate savings on hotels and other luxuries. When coupled with an analysis of your TV and broadband package options, your monthly bills and ongoing services will cost far less. For instant and future financial matters, this is a great starting point.

Choose repair over replacements

Whether it’s a kitchen appliance or a pair of shoes, things break. Worst still, those faults often surface at the very worst times imaginable. While most people will jump straight into the concept of replacing the product with something new, a repair job may be the better solution. You can find services at https://www.trustatrader.com. If they can get your home back to its best at a fraction of the cost, the long-term rewards will be huge. Similarly, getting good at DIY can pay dividends.

Utilise coupons

Most people can appreciate the fact that shopping around can bring great discounts. However, many overlook the impact that coupons and special promotions can bring. Coupons are a great way to reduce your weekly grocery costs while loyalty schemes can result in cash back in many different areas. The vast majority require minimal effort from you, which is why ignoring them any longer would be a mistake. Now is the perfect time to get started.


Lose the need for ownership

We live in a society that is focused on the idea of ownership. In reality, though, there are many products where it may be better to rent. Depreciation rates make vehicles the perfect example for this, and you can find out more at https://www.allcarleasing.co.uk. Aside from being kind to the pocket, it can be the best way to ensure you drive the best car that your budget can afford. In some cases, considering fashion choices and other features can be very rewarding too.   

Cut the waste

While most people are guilty of many small mistakes, there is no doubt that waste is the biggest problem of all. Food is the big one, and this guide to cutting your waste will make a big impact. On a similar note, selling unwanted goods via the internet is a great way to claim some extra money rather than simply throwing those items in the bin. Aside from the personal benefits, it can be great news for the environment too. What more incentive could you need?

Make those five simple changes in your life, and the results will show in no time.

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Attain Self-Build Success

Une maison en bois

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Building your own home is the best way to get the space you want for the price you can afford, but it only really works out like that if you know what you’re doing. It would take a very long time to go through the whole process of self-building with you, but here are some handy hints that should help you to attain self-build success if you use them in conjunction with taking the time to learn about the process as a whole…

Set as Solid Budget

Before you do anything else, you should identify your total budget for the whole project. This includes any savings or assets you can liquidate as well as any home loans or other finance you will be using for the build. Once you have a solid figure, be aware that you should have a contingency fund of at least 20 percent should your build go over budget, so deduct that from the amount you use to make your plans and keep it safe for if and when it is needed.

Few Plots are Perfect

If you want to build your own home, you need to first find a plot. Many would-be self-builders never get around to doing it because they reject plots that aren’t perfect. The thing is, there are no such things as a perfect plot, and with a little vision and a good architect, you can turn a decent plot into your dream home. So, don’t discount every plot you see for minor reasons.

Think About the Future

When you’re building your dream home, you need to think about the future so you can ensure that it’s your dream home now and in the long-term. For example, right now you might be young and carefree, but do you plan to settle down and have kids in a few years? Still, want to live in your self-build? You’re going to have to ensure there’s enough space for family life! Fail to think long-term and your dream home might not be a dream for as long as you would like.

Make Your Foundations Deep

When you’ve found your plot and your dream home has been designed, it’s important that you hire a foundation company who will use a method like caisson drilling to dig your foundations deep. This is important because foundations that are fairly shallow are more likely to suffer from subsidence and various other settlement problems. It isn’t worth it.

Charm the Neighbors

This might not seem so important when you have the design and creation of a building to oversee, but these are the people you’re going to have to live alongside, and since few people enjoy having a development right on their doorstep, anything you can do to charm them and get them onside will help you attain self-build success. So, bake for them, shake their hands, and help them out any way you can. It will make things easier in the long-term.

If you do these things, and you choose there right architects and builders for your project, you’ll have a much easier time of it as you build your new home.

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The True Cost Of Hiring An Employee

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The simple fact you have clicked on this post means a congratulation is in order. You’ve grown your enterprise to a place where you need to employ someone to help you manage the workload. That’s amazing. That’s a testament to you working hard and making your dreams become a reality. However, before you jump into the whole hiring process and start writing job descriptions to put on a bunch of job boards, you might want to take a deep breath first and then work out the true cost of employing someone.

This isn’t to put you off. No way. It is to make sure that you don’t get caught by surprise. It is to help you budget effectively. It is also to help you understand just what goes into hiring someone.

So, without further ado, here are all the costs you need to be prepared to fork out for; costs that go well beyond just their salary:

  1. The Matter Of Recruitment

If time is money, then one of the major costs involved in all of this is the time you spend looking for the best candidate to fill the role you have going. There is writing the job descriptions, posting them to the different sites and reading through all the applicant responses, most of which will be frustrating and time-wasting because they’re from job hunters sending blanket responses. Of course, the other option is to hire a recruitment firm, which comes with its own costs.

  1. What About The Benefits

Employee’s don’t just look at what the base salary of a job is anymore. They want to know what other benefits and perks they will be getting, which is why you need to work out what they will cost. We’re talking about things like bonuses, healthcare costs, life insurance, retirement plans, disability coverage and all of these typical job benefits. And that’s without going into the new trend of perks like free fruit and food and drinks, and taking your team on team-building exercises and tickets to special industry events. It all adds up.

  1. Let’s Not Forget Legalities

The moment you go from solo entrepreneur to employer, you’ve gotta understand that you’re about to shoulder a whole new set of obligations and responsibilities in the eyes of the law. One look at Garrity Insurance and you’ll see there are things like general liability insurance and workers compensation insurance, as well as employment laws to adhere, tax obligations to know about, overtime stipulations and, yes, even rules when it comes to firing employees. Our advice: don’t go it alone on the legal front.

  1. The Rise Of The Overheads

The last thing you need to think about is how much your overheads will go up with the addition of a new employee. There will be new furniture to supply, new technologies, new software and tools. Then there are the office supplies that mustn’t go unnoticed, and the increase in heating bills and telephone usage and all sorts. We’re not saying the smaller things will be life-changing, but they will need budgeting for.

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The Next Big Steps Your Startup Might Be Ready For


When you start out on your entrepreneurial journey, it’s highly likely that you’re going to have a vision. You’ll know what you want and roughly how to get there. But as with every startup, you probably also know that you’ll need to earn your stripes. You’ll have to go through that period where you’re giving it everything you’ve got and not really getting anything in return. When this is the case, you can kind of get used to it. So when things suddenly start to take off, it can take you by surprise – especially when it’s earlier than you imagined. However, when it does, you need to be ready to make your next move. When you’ve got there early, or when you weren’t expecting it, you may not know what the best next steps will be. So let’s take a look at some of the most common options.

  1. Hiring

One of the first moves that you might like to make is taking on your first member of staff. This can be quite a big commitment, as you’ll have a second salary to cover – or even a first if you’re not taking one for yourself just yet. So you may want to call toll free and get some professional assistance with the recruitment process. It’s always best to know that you’ll get the best candidate for the job. Because you need to make sure that you’re paying out for quality, and that it will benefit your business in the long run.

  1. Expansion

Another idea could be to expand the business. This could be in a variety of different ways, but mainly in terms of your current capacity. If you’re selling really well, no matter what your product or service is, you may need to be able to sell more. So by expanding, you’ll be able to offer more of that service to other clients, or sell more products without selling out too quickly and leaving customers empty-handed.


  1. A Bigger Office

Taking into consideration points one and two, as well as this idea in its own right, you may also want to consider going for a bigger office. Because you may need the space and capacity to grow. Choosing an office space can be tough, as you’ll need to stick to your budget but also make sure that you have potential to grow too.

  1. New Markets

Maybe you’re ready to move into a new market? If your product or service is doing really well in your own country, maybe it’s ready to move into another? This is something that you’ll be able to do in your own time, but it’s a great idea for when you want a bigger slice of the pie.

  1. A New Product

Finally, you may also want to consider laughing a new product or service. When your current offering is doing so well, you may find that a complementary product or service to go alongside it or meet another need is exactly what your business should be doing next.

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