Buy other businesses.
The acquisition of other companies can be a great method to expand your business. You could scale up quickly by acquiring businesses or competitors in other sectors. Look within your industry, and also outside it, to discover possible opportunities.
Can you expand internationally? Are you able to extend your current offerings to other countries? What does it take to establish an enterprise in Canada, Mexico, Europe? If you have a converting agreement, expanding internationally could be an option. You'll incur some costs. Sure. There's still plenty of potential for profit.
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