How can you expand a business without sourcing for external funding?

[King Belieal]

The dream of every entrepreneur is to see their businesses expand and grow to a bigger level. And that always requires money. Most times, the business takes loans for expansion purposes.

How can a business expand without any need for external funding?

 

[Fidelia]

It would take a slow building process for you to be able to expand your business without sourcing for funds externally. You would have to save your profits to accumulate.

 

[Springtime]

To expand without external funding, you have to make an effort to increase sales and profit.

 

[Xtynehappy]

Unless the business makes good profits and use the money for the business expansion otherwise that is not possible without external funding like borrowing and sort like things.

 

[King Belieal]

I think it just takes a deliberate decision to save your profits. That is where delayed gratification comes in

 

[Xtynehappy]

I think that the business managers can do that through spending the business money and look for the profits to cover the spent money.

 

[Augusta]

Two ways save up your profit and reinvest into the business. Build yourself as a credit worthy person and go for credit purchases