How will you know when it is time to expand your business?
Try asking these questions:
Do we have more customers than we can reasonably
accommodate?
Do we have all the inventory space we need?
Do we have enough work space for our employees?
Do we have enough production space to satisfy our customers?
Can we get and keep the employees we need in the current
location?
If the answers to the above questions are NO, it is time to
consider expansion.
As you think this through, determine if any of these
conditions are temporary or long term. Determine if your competition is “on the
move", and develop your strategy moving forward.
Steve Koenig, SCORE Counselor
Visit us at: www.scoresouthflorida.net
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