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Many of those new hires will be sales and marketing staff brought on to help expand the client base into new geographies worldwide and different market segments.
But he and the managers who would succeed him moved quickly to expand the client base to Asia and the U.S. The 2002 revenue figure, if hit, will be a fourfold increase in the seven years since.
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"The most important thing is expanding the client base," he said.
Year 1 sales are expected to exceed $350,000 and increase to in excess of $400,000 by the end of Year 2. The current year will mark the first year of profitability with expected profits rising significantly by the end of Year 3. The most significant challenges ahead include expanding the client base, and ultimately positioning the firm to have a presence in a larger global market.
The client base is growing, too.
Schiller, also a former president of Turner Sports and executive director of the United States Olympic Committee, said his main goals were to enhance the domestic growth of the company, expand its client base and acquire other companies.
The company wants to expand its client base beyond the region's ex-pat oil workers, and I'm here with a group of German dive tour operators who want to see what this stretch of the Red Sea has to offer.
Garlick says the move to becoming a virtual law firm means all staff are offered flexible and remote working, while the firm benefits from increased geographical coverage and the potential to expand its client base.
Arthur J. Gallagher & Company, an insurance broker that does business in more than 100 countries, acquired the closely held J. A. Lorenzo & Company to expand its client base, primarily in the Northeast.
At Drug Free Sport's offices, the company is continuing to expand its client base.
On the other side of the equation, NTT wants Dell Systems because Japan-based NTT is trying to expand its client base to new regions.
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