Business owners like you generally love the word “growth” since when used in relation to a business, it usually means success. A growing business is a thriving business, or so most people believe.
Unfortunately, many business owners discover the hard way that business growth may result in problems if your business isn’t equipped to handle that growth – and can even kill your business all together!
All growing businesses eventually reach their limit.
You might run out of employees to handle the new volume of orders or customers. You might not have enough products to meet demand.
Most small businesses struggle to manage operational issues during a growth phase, and it can be hard to decide whether it’s time to hire additional employees or if this is just a short-term spike in sales or customer volume…Continue Reading >>