Once your business has been running for a while, you will reach a stage where you need to decide whether to grow. This is an important decision because business growth has both advantages and disadvantages.
To make this decision you need to know how your business is currently performing. This will help you to identify areas with growth potential.
Once you have identified where your business can grow, you need to decide how. This will depend on what business goals you are trying to achieve.
This guide explains the advantages and disadvantages of growing your business, types of business expansion, and what you need to do to make it happen. It also has information about government support, as well as common mistakes and how to avoid them.