Looking to grow your business? There are many paths you can take from choosing a new market to expanding your product offering. We're here to help you plan your long-term business success.
Everything you need to know to grow.
RBC Growing Your Business Guide
Build your business with our five growth steps. Each step includes guides, tools, templates and resources to help you successfully grow your business on your terms.
Increase sales the easiest way.
It’s easier to get more out of your existing customer base than finding new customers. They already do business with you, and are familiar with your products and services. Often it’s easier than you think.
Learn the 5 steps that can lead to significant increase in profitFive ways to increase profits calculator
Determine whether you can grow successfully at your current capacitySeven Steps Growth Checklist
Look for brand new customers.
Determine the characteristics of your best customers and then find more of them. It could be new customers in your current market, or similar customers in new markets. Identify the best way to connect with them and develop a plan.
Uncovering the next big thing.
Successful businesses tend to find new products and services to offer customers, or new ways of delivering to the market. It could be complementary to what you already do, or totally new, and it doesn’t have to be the next billion dollar business. It could just be the next big thing in your industry or down your street.
Learn how to boost capacity to meet the demands of growth.How to Build and Improve Capability
Work out the different cost of buying vs leasing new equipment.Buy or lease calculator
Looking past your current business.
If you think your business could benefit from other opportunities you are seeing in the market, then consider diversifying away from your core business. Find a new revenue stream with potential that complements your current operation for now, but could take over in years to come.
Boost your operating effectiveness.
You can grow internally by creating better margins, being faster at delivery, or having better systems and processes. Ultimately you’ll grow by being better than the competition.
Learn how to enhance business efficiency.Eight Ways to Enhance Business Efficiency
Use the SWOT analysis tool to make better decisions regarding the future growth of your business.Growth SWOT Template
Your RBC Business Advisor will work with you to: