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Expansion is the life blood of any business that is running well. We recommend you visit www.smeinfo.com.my for practical advice on how you can grow your business, taking into account incentives and programmes provided by the Malaysian government.

Are you considering buying an existing business? Whether you use a business broker or go it alone, you should definitely put together an "acquisition team" - your banker, accountant and lawyer - to help you.

These advisors are essential to what is called 'due diligence,' which means reviewing and verifying all the relevant information about the business you are considering.

This will depend on your line of business. If you own boutiques, cafes or restaurants, you could simply open more outlets or franchise them within and outside the country.

Your company might not have all the expertise demanded by your clients. The next best thing you can do, is to propose another resource that can do the job required, and act as an intermediary.

As an intermediary, your customer or client still requires you to manage the overall project. It is just part of the job that is outsourced to a third party. This is called smart-partnering and it allows your company to provide more services without the added expenses of retaining someone whose services might not be called upon on a regular basis.

Smart partnerships enable you to add value to the product and services you provide. This in turn helps your create more satisfied customers and even bring in new customers with greater requirements

There is a wealth of information and industry articles on these above topics.

Visit www.entrepreneur.com for tips on developing your business with or without acquisition. For more information on smart partnerships, visit www.hodu.com/smart-partnering.shtml