Handling your growing pains
Expanding your business can be exciting, but if you grow too fast – and without adequate planning – you could face major problems.
Besides the uncertainty of how long the growth period will last, it’s common to lose focus on some of the factors that play a key role in the success of your business – your people, capital, forecasting and legislation that can affect your daily operations.
Avoid getting lost in the chaos of growth by looking out for ‘blind spots’, which are things you don’t realise can go wrong due to a lack of knowledge or the classic ‘she’ll be right’ mentality.
A little time spent learning and preparing today means a better chance of success tomorrow – a good offence is the best form of defence, after all.