Growing the Business
Growth happens when you least expect it. That can be great for your ego but disastrous for your business if you are not prepared to meet the challenges that growth brings.
You can't always plan when growth will happen, but you can manage growth more effectively by anticipating the changes that come with growth. IASk yourself, if your business should suddenly increase beyond your capacity to handle it, how would you manage the following?
- Add new staff
- Relocate your office
- Introduce new technology
- Increase your capital
- Maintain key administrative functions
Developing contingency plans for these eventualities can help you maintain your stride and reduce stress when your success becomes a mixed blessing.