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ASX RELEASEFor personal use only18 October 2019Expansion of Operations and Strategic Partnership, $4.6m Capital Raising and Board Changes HIGHLIGHTS: Expands operations to move into full human resource
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01
Identify the areas of your business that require expansion.
02
Conduct market research to determine demand and feasibility.
03
Create a detailed expansion plan outlining objectives and strategies.
04
Allocate necessary resources, including budget, personnel, and technology.
05
Obtain necessary permits and licenses for the expanded operations.
06
Implement the expansion plan step by step, monitoring progress closely.
07
Evaluate the results and adjust strategies as needed.

Who needs expansion of operations and?

01
Businesses looking to increase their market share.
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Companies aiming to introduce new products or services.
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Organizations seeking to enter new geographic markets.
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Established companies wanting to enhance operational efficiency.
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Expansion of operations refers to the process by which a business increases its capacity, reaches new markets, or enhances its services and product offerings to grow its overall operations.
Businesses that are planning to expand their operations, whether through new locations, increased production capacity, or service diversification, are typically required to file an expansion of operations.
To fill out the expansion of operations, businesses need to complete the designated forms provided by the governing authority, detailing the nature of the expansion, projected costs, timelines, and impacts on current operations.
The purpose of expansion of operations is to enhance a business's growth potential, improve market share, increase revenue, and better meet customer demand.
Information typically required includes business identification, type of expansion, projected costs, anticipated benefits, and timelines for completion.
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