How to develop your business

Business development and growth

Starting a business isn’t all that difficult. People start businesses every day. Unfortunately, over the next 5 years, somewhere between 50% and 80% fail. It’s a sad statistic, but that’s just the way it goes.

So, what if you want to be one of the startups that thrive? What should you do to position your company for success? Simple, you’ve got to put together a plan for growth. I know, easier said than done. But bear with me for a minute.

So many entrepreneurs jump into their new business with both feet. They’re full of enthusiasm; they’ve got lots of ideas. It’s easy for them to start things; but during the course of their busy days and weeks, priorities change, directions change. Often, they find themselves in a reactive mode. And as they flounder around putting out fires, their new company slowly spirals to its doom. It doesn’t have to be that way.

Business owners and entrepreneurs that succeed start with a plan. They try to stay proactive rather than reactive. To grow, they find ways to penetrate and develop their market. On the other side of the coin, they work on product development and refinements, while exploring additional sales channels.

It’s not too late to start. At any point, you can pull yourself away from your business – maybe take 15-30 minutes a day – to come up with growth ideas and a plan for your company. You won’t regret taking time to work on how to develop your business.

One of the things you'll find you need as you develop your business is a thing called a "registered agent." A registered agent acts as a liaison between your business and the state. Any legal papers that need to be delivered to you go to your agent. They satisfy your home state's requirement to have someone available during business hours to receive service of process. Quite often, registered agents do a lot of state filings. They need current information from the states they do business in, and we are happy to provide it.

We've helped many registered agent companies over the years, as they always need up to date state information on hand in order to offer their service. Here's an example of one of our customers who provides registered agent service.

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