As children, we jump into new experiences with both feet and with not much thought about what’s going to happen — will the roller coaster be too frightening, the swimming pool too deep, etc. As adults and business owners we know that it’s best to have a bit of caution before we go plowing blithely forward.
As a business owner you will be planning for strategic growth and it is a plan that needs to occur at the right time and for the right reasons. If you don’t implement steps for methodical business growth you could expand too quickly or you could expand your business offerings too rapidly and not have the support staff or the resources to fully carry them to fruition.
Here are some decisions you need to make if your company is teetering on the edge of business growth:
- Why is now the time for growth?
- How much should we, can we, grow?
- How will we grow? Online? Physical storefront?
- Can we afford to grow?
- Do we have the right people in the right places to support our projected growth?
Ask yourself these questions, talk them over with your team, then jump into business growth with both feet!