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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 have 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:

• How to get money for your business
  
  http://www.canadabusiness.ca/eng/82/150/
  What type of financing is right for your business? How can you increase your chances of getting that money?
• Conducting market research
  
  http://www.canadabusiness.ca/eng/88/1194/
  Learn more about market research, how it can improve your business decisions, and how to conduct a market research campaign.
• Hiring and Managing Staff
  
  http://www.canadabusiness.ca/eng/85/
  Employees are the lifeblood of your business. Learn how to recruit and manage your staff to maintain organizational vitality.
• Importance of knowledge to a growing business
  
  http://www.infoentrepreneurs.org/en/trouver-nos-guides-de-gestion/-/asset_publisher/wXA6/content/view_maximized/importance-des-connaissances-pour-une-entreprise-en-croissance?redirect=%2Fen%2Ftrouver-nos-guides-de-gestion
  Discover available information sources, the best way to use the information, and learn how to create a knowledge strategy for your business.
• Expand, Move or Open a New Location
  
  http://www.canadabusiness.ca/eng/guide/3287/
  Have you outgrown your current business location?
• Supply chain management
  
  http://www.canadabusiness.ca/eng/87/918/
  Your product travels through many stages before it lands in the hands of the consumer. Effective management of your supply chain can help you create a seamless process from pre-production right through to delivery and consumption.
• Business Retention and Expansion Program
  
  http://www.canadabusiness.ca/eng/summary/4127/
  Applies to: Newfoundland and Labrador
  Increase your competitiveness by participating in a business retention and expansion project.
• Get the right advisors for growth
  
  http://www.infoentrepreneurs.org/en/trouver-nos-guides-de-gestion/-/asset_publisher/wXA6/content/view_maximized/trouver-les-conseillers-appropries-pour-la-croissance?redirect=%2Fen%2Ftrouver-nos-guides-de-gestion
  Learn how to find suitable advisors and manage your relationships with them.
• Review your business performance
  
  http://www.infoentrepreneurs.org/en/trouver-nos-guides-de-gestion/-/asset_publisher/wXA6/content/view_maximized/revoir-le-rendement-de-votre-entreprise?redirect=%2Fen%2Ftrouver-nos-guides-de-gestion
  Identify the steps in assessing your business' performance and what you can do to make some desired improvements.
• Use innovation to grow your business
  
  http://www.infoentrepreneurs.org/en/trouver-nos-guides-de-gestion/-/asset_publisher/wXA6/content/view_maximized/utiliser-l-innovation-pour-developper-votre-entreprise?redirect=%2Fen%2Ftrouver-nos-guides-de-gestion
  Learn how to make innovation a key process, how to plan for it and how to create a suitable business environment for developing your ideas.