Form Strategic partnerships

Networking: Look for companies that are complementary to your own to potentially expand your contract. For example, if you offer catering services, you can partner with a venue. Additionally, explore opportunities offered by local city resources. Most cities have a chamber of commerce, restaurant association, and an economic development department that provide services and valuable networking opportunities to entrepreneurs. Local resources that might be helpful include:

Licensing deals: Consider licensing your product to others and sharing the revenue. The following video below explains licensing.

Franchise model: As your business becomes more successful, consider a franchise model to grow and expand your reach.