Figuring out how to plan and budget for small business growth.
As a business consultant, I have worked with many business owners who came to me and said that they wanted to grow their businesses. They are thinking about having a business that is larger, sometimes with employees or strategic partnerships and serve more, larger more sophisticated clients.
Sounds awesome, right?
Well, it depends on the business owner. Growing a business often means that the business is going to be more sophisticated. There is typically more money involved, more people, more customers with increasingly diverse needs and wants. As a result, this more sophisticated business requires more management, will be exposed to more oversight and will gain more attention in the marketplace, for both its successes and failures.