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Not sure how to reinvest profit to scale the business (alien.top)

submitted 1 year ago by david8840@alien.top to c/entrepreneur@indiehackers.space

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My small business is several years old now and revenue has been flat for the last 2 years. There's a good amount of profit and I'm not complaining, but I would really like to see the business continue to grow and not just stay flat at the same level.

We have $15k which isn't needed for anything else and could theoretically be invested in growing/scaling the business, but I'm not sure how. We already sell internationally. We already have pitched our service to nearly everyone in our niche industry. We have the capacity to handle more clients but our marketing efforts are already maxed out. All the low-hanging fruit is gone and we're struggling to find new ways to grow.

The business sells professional services online B2B and B2C.

Any ideas?

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[–] vladimir-baranov@alien.top 1 points 1 year ago

can you raise the prices? do you have a captive market?
are there other businesses that can benefit from the workflow you have setup? I don't know about intricacies about selling professional services, but can it be applied to selling anything else? Do you have a unique proposition that is transferrable to other niches?
what about acquiring a competitor? $15k might not be enough for that, but you can use stock or leverage

Vladimir

https://humaninterfaces.co