There are many strategies that Linda handmade bag will focus on as following;
„« Open another location: before open another location we must make sure that we have a good profit and show the steady growth over the past few years. Looking at both economic and customer to indicate the company¡¦s staying power. And making sure that the administrative system and management team are working well.
„« Business opportunity: this strategy is to offer our business as a franchise; it is to expand our business to another ownership to be a part of our staff. We can be more successful and franchise is a perfect strategy to accomplish goals.
„« License the product: this is to minimizing the risk and is low cost in comparison to the price of starting our own business to produce and sell the brand or product.
„« Form an alliance: aligning our company with a similar type of business is the powerful way to expand our product. We need to align with other businesses that already have lists of prospective customers which are the fastest way to success.