Renew

Adjust to a changing marketplace

We live in an ever-changing marketplace. Successful companies find ways to leverage change as a catalyst for growth. The Florida SBDC Network can help you leverage change by understanding your assets and strengths, and building a toolkit to reinvent the way you do business. Ask yourself the following as you consider renewing your business model:

1. Market Share/Markets

• Do you understand your market share?
• How do you find new market share?
• Should you grow existing markets?
• What research do you need to do?
• What is happening in the global market that might affect your business?

2. Products/Services

• Should you add new products or services to your business?
• Should you expand existing products or services?

3. Assets

• What are your assets?
• What expertise do you have in your business now?
• What unused assets might be sold?
• What equipment do you have?

4. Planning For Change

• How do you manage change?
• How will change affect your company?
• What strategies do you need to employ to manage change?
• What training might be needed?