9 Signs It’s Time to Expand Your Small Business

Jan 31, 2019

9 Signs It’s Time to Expand Your Small Business

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Think back to your business’s early days, when it was just you, an open Word document, and a blooming idea to build something great. When your business was just starting, it likely became apparent quickly when it was time to expand: you needed office space, extra help, a decent computer, and other resources. Expansion made sense — without it, you couldn’t get the business off the ground. But when your business is further along, it’s not always so obvious when you need to invest capital into expansion.

Before you consider whether or not you want to expand your small business, it’s important to view expansion in the right context. It’s not all about money, money, money. Yes, successful growth does lead to increased revenue, but business development leads to so much more. Think bigger. Think more customers, locations, and employees. Think higher-quality products, improved customer experience, and innovation. Sometimes, you expand your business to seize an opportunity. Other times, you expand to guarantee survival.

Take a look at these 9 signs and decide if it’s time for you to expand.

About the Author

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Jesse Sumrak

Jesse Sumrak is a Social Media Manager for SendGrid, a leading digital communication platform. He's created and managed content for startups, growth-stage companies, and publicly-traded businesses. Jesse has spent almost a decade writing about small business and entrepreneurship topics, having built and sold his own post-apocalyptic fitness bootstrapped startup. When he's not dabbling in digital marketing, you'll find him ultrarunning in the Rocky Mountains of Colorado. Jesse studied Public Relations at Brigham Young University.

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