Final answer:
A Memphis-based company like WorldConnect Language Services looking to expand might consider personal savings, loans, or seeking out angel investors to provide the necessary one-time cash infusion. Government incentives for economic growth in particular areas might also support such expansion efforts.
Step-by-step explanation:
For a company like WorldConnect Language Services seeking to expand beyond its local Memphis market, financing the growth presents a strategic challenge. The business may require a one-time infusion of cash to open new facilities or initiate services in different regions. An initial source of funding for small businesses often comes from the business owner's personal savings or loans. However, expansion might necessitate larger amounts of capital, for which angel investors can be approached. These wealthy individuals provide capital to new and growing businesses in exchange for equity ownership. Additionally, businesses can benefit from government incentives designed to promote job creation and economic growth in certain areas.