Growing your business

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Last updated on January 16, 2017

At some point as a business owner, you will probably be faced with the dilemma of whether to grow or not. Should you keep your business as it is, safe and under control but with limited prospects? Or should you grow the business and risk what you have built?

Growth is usually considered positive and desirable. It is often regarded as a measure of success and something that should be pursued. While this is true in many cases, business growth can present its own set of problems and challenges.

Those in business generally have limited resources and this can increase the risks associated with growth, especially when it occurs quickly or is unplanned. As the owner of a growing business, you need to learn to manage growth.

First, you should take time to consider what growing your business will really mean and the implications of operating a larger enterprise.

If you're ready to take the next step and grow your business, you can access the wisdom and experience of our Tasmanian mentors.

We also have a checklist that will take you through the steps you should consider.

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