How do you handle a growing business?

[Razor1911]

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.

But I don't think that without taking loan you can expand your business more efficiently. If the business is growing, then for sure you can invest some money by taking loan, that initial boost is required for your business to sustain for long term.

 

[Eodine]

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.

It may even be that the money is being spent on frivolities, so it is very important to be sure that what you want to go and save up funds for is really needed for the business or the idea of an expert.

 

[Chibson]

It is very important to have adequate knowledge of the kind of business you are venturing into especially when the business is still at the growing stage. Financial Management is one of the strategies of managing a growing business.

 

[Prettyjanie]

When a business is growing, it a thing to be happy about, but it also comes with more responsibilities and more hard work because you will need additional capital to further make the business grow.

 

[Razor1911]

When a business is growing, it a thing to be happy about, but it also comes with more responsibilities and more hard work because you will need additional capital to further make the business grow.

Nicely explained. The more you grow in your business, the responsibility will keep on increasing too. And if you are not able to mamage your buiness solely, you can hire a qualified manager too for that purpose.

 

[Senator]

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.

You're correct. Every one at some point in their different businesses might want to expand as more profits come into the business. You save up to the point where you can now out in more funds for the expansion without stressing the business finances

 

[Richard92]

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.

the best way to handle a growing business is to give it time and also not show it in order for it to grow well most times you don't have to be very interested in making profit at an early stage of the business because it kills the business.

 

[Bookwormlux]

the best way to handle a growing business is to give it time and also not show it in order for it to grow well most times you don't have to be very interested in making profit at an early stage of the business because it kills the business.

How does showing interest in making profits at the early stage of a business kills it? I was thinking that idea would propel one to work harder rather.

 

[Ralphjoe]

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 thing is that my business philosophy is that no matter how growing a business is I will never stop injecting a function of my puppy back into the business and this is how I expect everyone to be handling their growing business.

 

[Snazzy001]

A growing business needs to be handled with lots of care and cautions else its reputable name may be dragged to the mud in no distant time.
It needs consistency in efforts and innovations

 

[Psalmseen]

A growing business needed be managed properly.because it must have survived some stages and some hard times.. It's actually not east to maintain the growth but a tip is always keep part of the profit as retained

 

[Richard92]

A growing business needed be managed properly.because it must have survived some stages and some hard times.. It's actually not east to maintain the growth but a tip is always keep part of the profit as retained

One way to handle a growing business is to treat the business tenderly so that it can be able to survive because the starting stage of a business is very difficult and one has to be very careful in terms of managing it's profit

 

[Abigael]

There comes a time when you would require to hire employees in order to hadle your business. If your business is growing, you simply cannot handle it alone until or unless your business is just too simple or easy to handle alone. So it is always a good idea to hire someone and this way you will also be helping people find work.

That is very true. Hiring new employees is one of the basic things in expanding your business. You will really need that help since you won't be able to run the business alone once it expands.

 

[Good-Person]

That is very true. Hiring new employees is one of the basic things in expanding your business. You will really need that help since you won't be able to run the business alone once it expands.

Unfortunately, many business employers would not hire more employees and they would just transfer old employees to the new office in order to handle more work. This only increases load on the old employees. This has happened to me in the past.

 

[Bookwormlux]

Unfortunately, many business employers would not hire more employees and they would just transfer old employees to the new office in order to handle more work. This only increases load on the old employees. This has happened to me in the past.

Seriously, not many employers are ready to employ more workers as they won't want to increase the expenses on workers salary. It is very unfortunate then.

 

[Razor1911]

Seriously, not many employers are ready to employ more workers as they won't want to increase the expenses on workers salary. It is very unfortunate then.

And ever since the automation of technology is happening rapidly in the manufacturing sector, it has hit hardly on the employment of the people. Companies will hire less people when they have less requirement. you can't force them to you have more and more people which is above there financial budget.

 

[Good-Person]

Seriously, not many employers are ready to employ more workers as they won't want to increase the expenses on workers salary. It is very unfortunate then.

A good employer would always seek more people if he wants to expand his business and run his expanding business and never overburden his employees. This is because hiring more people in an organization greatly diversify the workload.

 

[Chibson]

The stage whereby it seems that a business is growing is the crucial. it is therefore very important for business owners to know how to handle their expenditures and customer relationships.

 

[Dowenship]

When your business starts growing, you may have to invest more money, spend more money on marketing, and even hire more people to work for you.

I agree, but does that mean marketing a business should be after the business have grown to some level. Why can't you market the business even before starting.

 

[Bookwormlux]

A good employer would always seek more people if he wants to expand his business and run his expanding business and never overburden his employees. This is because hiring more people in an organization greatly diversify the workload.

Most of them only think about how they are going to pay more people so they do not even want to go that way as it would mean more expenses. It's very pathetic.