Should I grow my business?

Introduction

Guide

Growth is a desirable goal for many businesses. However, growing your business - and especially growing it too quickly - can spread your company's resources and expertise too thin.

It's worth weighing up the advantages and disadvantages of growing a business before you make the decision to do so.

Before you decide to grow, you should also evaluate how your business is currently performing. Once you identify where your business can grow, you can decide how you will achieve this. This often depends on what business goals you are trying to accomplish.

This guide describes the common types of business growth and what you need to do to make it happen. It takes you through some practical business growth implications and suggests ways to avoid problems during business growth.