In order to succeed with that thought, she inquired from the small business around her and hoped that the idea would bring in more assets and less loses.
The strategy was a good move as it allowed her to have more clients as well as giving back to the society /community by employing more people. With a bigger business, it gives an opening for more opportunities as well as profit maximization to the business. Though it can be more advantageous the strategy can also have negative impacts as it can easily fail bringing loses to the business. To expand a business it requires so much input to the same and it can be overwhelming to the employer and the employee leading to its termination before it gets a good foundation. The strategy however is a good element for a business as it gives clients a variety of things and services to benefit from. Sarah however had other alternatives other than expanding her business. She would have gotten more employees with better marketing skills to ensure that more people were aware of her products and services. This would mean more new clients, more contracts and even more profits to her business. Sarah would also have thought of opening more branches of Beta Management outside Boston suburb. This would have assisted with company’s popularity as well as its brand making.
In order to add clients or customers value in her business, she was supposed to do some things that were different from her competitors that were supposed to benefit both her and the clients. She needed to have her clients loyalty to her services and products and to do this she was supposed to prioritize the quality of her business to the quantity of what she was doing. This would defiantly assist her win against the competitors in both short and long run which will ensure steady clients commitment, more clients joining the business as well as more profits over the years.
Sarah’s New Year’s resolution