Expanding your business
By Werner van Rooyen
9 June 2014
So you have started your business and you have survived the crucial first two years. Everything is going well in your business, you can finally afford to take a holiday and you do not have to work day and night to make ends mead.
But, your profits start to stagnate, so how do you increase your profits? One sure way to increase your bottom line is to cut back on expenses. But what if you have already cut your expenses to the bone? Where do get that extra income? The answer is easy - expand your business.
There are many ways that you can expand your business. For example you can diversify your products or you can open another branch. Or, even better, you can go into the world of bidding for tenders.
Tenders or rather the winning of tenders, is a guaranteed method to expand your business. Government is the largest procurer of goods and services in South Africa. By Government I mean all governmental departments, municipalities, state owned companies and parastatals such as Eskom and Telkom. All of these entities must procure goods and services and most of the goods and services that they procure are through a tender process. This means that everyday there are a vast number of tenders available from which business owners can pick and choose.
If you are unsure how the tender processes work, please visit our website at www.how2tender.com to find out exactly how to complete a tender response.
Please visit our website at www.how2tender.com to find out more about our Tender Workshops or purchase our Tender Manual: A practical guide on how to tender.
Until the next time - happy tendering.