plan expansion

Home Business: 90% Plan Expansion this Year

Home Business: 90% Plan Expansion this Year

Small Business News – 19th February 2009 Low overheads are allowing more than 90 per cent of home businesses to make expansion plans this year despite the recession, according to home-business support organisation Enterprise Nation. Research by Enterprise Nation revealed that 57%of home businesses intend to extend their product or service range this year, 30% plan to work in partnership with other businesses and seven per cent expect to hire staff or outsource work in order to grow. “Home businesses are less affected by the downturn as they operate with low overheads, they don’t have huge rent outgoings and tend to outsource work to others rather then employing people, so they can be more flexible,” said Enterprise Nation founder, Emma Jones. “It is highly rea... »