Knowing When to Expand your Small Business: Five Telltale Signs
By Eric Michaels
If you set out expecting the establishment of your small business to be a long, arduous struggle, then you might be surprised by quick success. Sometimes the right plan, along with the right market conditions, leads to a winning formula in short order; in other cases, you end up having to battle your way into the industry. However you come into your success, the next question revolves around the decision to expand.
Small business owners often find this part scarier than the original move into the industry, and with good reason—financial troubles await those who leap before they look. These five telltale signs will help you decide if it is safe to expand your business:
Do the ...