How do you handle a growing business?

[Setfragil]

It is the wish of everyone to have his business grow after some time. When the business continues to grow and you want to expand it bay putting more funds in the business and you do not have, you can continue to save till you can afford the funding for the expansion.

 

[nimzy]

In handling a growing business it needed a competent and a consistent manager who can handle the flow of capital manager the available resources just to meet up his or the business target but if the manager is not consistent in his job or not professional it will be very difficult to handle.

 

[joy101]

When the business is growing it really gives the owner joy to see he/her business growing, because it is very good to see your business growing.

 

[Sheyemanu]

Well, in reply to your above question on how to handle a growing business, I have to say that if your business is actually experiencing growth, then your money should be increasing indeed amd profits flowing to cover more expenses

 

[Ralphjoe]

When a business start growing up the most logical and sensible thing for a business owner to do is to start expanding the business on all fronts. The business owner can start employing more workers, starting up more branches and also increasing the business output to meet with demands.

 

[tyrim88]

Business growth usually means additional capital that may come from the profit. But if the profit is not sufficient for the growth like opening a branch store then the usual recourse is to get a bank loan. Why not sell an asset if you have something that is worth of value? This is a common problem to decide because most business owners just want to borrow money in the hope that the growing business can handle the installments.

The hope for a growth in a business even when your feasibility study has shown a bright prospect,field reality might prove otherwise.Reason it is advisable to atleast if you want to borrow to get from friends or family members or get a partner or investor to come in,that way you can have a sigh of relieve.

 

[Kunkun]

A growing business probably means set goals are being met and profits are coming in, to effectively manage a business that's growing should be hard if they have been a plan in place at the beginning as what to do, a good business man should be able to think ahead

 

[Setfragil]

When a business start growing up the most logical and sensible thing for a business owner to do is to start expanding the business on all fronts. The business owner can start employing more workers, starting up more branches and also increasing the business output to meet with demands.

As it is good to expand and employ more workers when a business becomes successful, we also need to evaluate the business if it is ready to cater for the financial needs and staff strength of a new business. Business expansion is easy maintaining and managing it is the problem.

 

[Eodine]

For a new business, it is best to follow the watch, learn, and grow. Watch the business, learn from the mistakes and grow the business so as to have a successful business.

 

[Good-Person]

I think a person who can manage funds very well with low expenditure will definitely be able to expand overtime. The business is growing not stagnant and as far the business is growing there's flow of income so expanding will not be a problem.

Funds are indeed important when it comes to expanding a business. This is because you would need fuinds to pay your employees; however, funds alone are not sufficient enough. You need to have superb and extraordinary managing skills in order to manage an expanding business and also have the ability to handle your employees.

 

[Bookwormlux]

If the business is growing and you need more funds, I think you should consider getting some people who are interested in supporting you. It's much comfortable than resorting to loans.

 

[Senator]

In handling a new and growing business that is just in it's infancy, you should take care to take cognisance of price changes that are occuring on any product you are into in the business so as not to sell at a loss

 

[Setfragil]

If the business is growing and you need more funds, I think you should consider getting some people who are interested in supporting you. It's much comfortable than resorting to loans.

I think you have a good point. Taking up a loan to support a new business might not be the best of ideas for a new growing business rather he can seek the help of trusted people like family and friends to support him in a way of grants or gifts to the business.

 

[Fozzy_boy]

By hiring the right team for large scale business,keep your finances in check, utilize working capital, focus on your strengths and scale your business.

 

[Kelly5]

You handle a growing business by giving that business it's due attention and diligently carying out all that is expected of you to do for a business to become successful

 

[Razor1911]

If the business is small and at a growing stage you can yourself manage the business. But you are having some problem managing it, you can simply hire someone with past management expertise and skills to manage your business on your behalf.

 

[eLdavis]

Once your business starts growing, it means more profits are coming in, it also means you will have to spend more and invest more. Spend in the sense that there are going to be lots of improvement to take place and as well lots of developments. Its best you also invest more into the business

 

[Kingsley]

To manage a new business and notch it to become very successful one must first be very patient and be very dedicated. Again one must be very practical in dealing with his customers, one must also be very friendly with his customers. And one should learn to say no to debtors.

 

[Sotherefore]

Well there is nothing special you will do more than for you to allow everything to continue naturally to the stage you want us to be, you still need to partner yourself with positive people to help at this growing stage of the business, this is very important

 

[Bookwormlux]

I think you have a good point. Taking up a loan to support a new business might not be the best of ideas for a new growing business rather he can seek the help of trusted people like family and friends to support him in a way of grants or gifts to the business.

And i believe so many family members would even be happy to support you start your business, since it is something that would benefit everyone in the long run.