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Growing UpNow that your business is booming, what's the best way to expand?

ByLynn Beresford

Opinions expressed by Entrepreneur contributors are their own.

Any entrepreneur who's been in business a few years knowsthe feeling. You've reached a certain plateau-you'veexpanded the business as much as you can without adding on to yourbuilding or opening another location. Sales are up, profits aretidy and customers are hinting they might like to see you do more.You are decidedly antsy; you may even be downright bored. You wantto grow, but the question is how?

There are many options. You could franchise, get into licensing,acquire another company, form a limited partnership, spin off youroriginal business, start a different company or, if you own aretail store, open a second location. If your company is reallyready to take the next step, one of these options is probablyideal.

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