OVER EXPANSION
A leading cause of business failure, overexpansion
often happens when business owners confuse
success with how fast they can expand their
business. A focus on slow and steady growth is
optimum. Many a bankruptcy has been caused by
rapidly expanding companies.
At the same time, you do not want to repress
growth. Once you have an established solid
customer base and a good cash flow, let your
success help you set the right measured pace.
Some indications that an expansion may be
warranted include the inability to fill customer
needs in a timely basis, and employees having
difficulty keeping up with production demands.
If expansion is warranted after careful review,
research and analysis, identify what and who you
need to add in order for your business to grow.
Then with the right systems and people in place,
you can focus on the growth of your business, not
on doing everything in it yourself
SUCCESS BREAKFAST today with OIC
For more enquiries,
Contact:+2348060412749
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