BizSugar.com › Strategy › Small Business Expansion in Recession

Small business expansion may seem like a crazy idea in the midst of an economic recession. But that's exactly the path some entrepreneurs have chosen either to react to an eroding market by introducing new product lines or to expand products and services while others are pulling back to weather hard economic times. The following article looks at a variety of options from the designer of children's T-shirts who expanded into books and plush toys featuring her characters as the T-shirt market dried up to a banking firm that decided to offer additional business planning services as its competitors pulled from the market. So, how could your business exploit new opportunities to flourish in hard economic times?