Ask These 4 Questions Earlier than Increasing Into New Markets – thqaftqlm

Ask These 4 Questions Earlier than Increasing Into New Markets

Opinions expressed by Entrepreneur contributors are their very own.

Should you’re a venture-backed firm, you are in all probability being advised to get worthwhile and to do it rapidly.

Though it would sound counterintuitive, the trail to profitability for a lot of enterprise leaders may lie in enlargement. Even throughout difficult financial occasions — with the buyer value index growing 6.5% on the finish of 2022 from the prior yr and rates of interest predicted to proceed to rise in 2023 — entrepreneurs proceed to contemplate expansions into new markets and verticals. However how are you aware if it is the appropriate time to broaden?

Leave a Comment

Your email address will not be published. Required fields are marked *

Scroll to Top