Combining Small Businesses

Combining Small Businesses can be a great way to help small businesses to succeed.

There are many ways of combining for maximum profit.

Merging two small businesses can help reduce fixed costs, such as phone systems, premises, stationery, and insurance. Always stay alert for opportunities to merge with companies in related industries to further streamline operations and maximise efficiency.

Another way of combining is more appropriate for the smallest of businesses. Simply add another complimentary service to your core business.

Some examples would probably describe this best.

• Our local physiotherapist also sells exercise equipment.
• An aquatic shop keeps business brisk all year round by selling tropical fish, cold-water fish and maintaining ponds over winter.
• As well as giving horse riding lessons, rent and sell the tack to customers.
• One of the local tea shops also sells everything to do with fairies. From fairy painted thimbles, fairy costumes, wands and fairy dolls to cakes with fairies on. Guess which tea shop all the children want to go to?
• Second hand dress provider which also does sewing and mending, so if something doesn't quite fit the customer, instead of losing the sale, she makes two sales. One for the dress and the other for the alteration.
• One enterprising guy I know locally combines cleaning windows with wasp nest removal all summer. He's already got the ladders and the customer base for the windows and has more work than he can cope with in the wasp season.

See my 'small business ideas' pages to get more ideas for possible small business combinations and don't forget you can even combine these help tips as well. Do you not think that the 'Fairy Tea Shop' would increase profits by advertising a free fairy cake with every pot of tea?