This document provides advice from small business owners on growing a business. It includes tips such as:
- Focus on understanding the overall market for your product, including customers, competitors, and retailers.
- Plan strategically by always thinking 5 years ahead and setting milestones to work towards.
- Invest in market research to understand potential new markets before expanding.
- Communicate regularly with your bank to keep them informed as your business changes and grows.
- Make sure any investors understand your full vision to provide useful feedback beyond just funding.