How do you handle a growing business?

[Good-Person]

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.

When a person decides to grow his or her business, he or she must also bear in mind that the expenses would also expand along with his or her business. It is simply not possible to expand business and avoid additional expenses at the same time.

 

[Chibson]

Staying disciplined and focused when your business is growing is one of the main ways of running a successful business and enterprise.

 

[Bookwormlux]

When growing one's business, a business owner should endeavor to take some rest too as this is crucial in helping him or her to assess their efforts so far.

 

[Razor1911]

When growing one's business, a business owner should endeavor to take some rest too as this is crucial in helping him or her to assess their efforts so far.

That is a secondary part. Whenever in any business or any company you do a job you will need proper rest. Actually it is your health that you should focus on along with your business.

 

[Bookwormlux]

That is a secondary part. Whenever in any business or any company you do a job you will need proper rest. Actually it is your health that you should focus on along with your business.

Some people think that it is by working hard all day without taking any rest, but things do not work out that way often as they could fall sick due to much stress.

 

[Peterlight]

I don't think borrowing money to sustain a business is a good idea cos if surely the business was good, you would be able to bring up some cash which you have saved up from the business in other to sustain the business.

I pity a lot of people out there borrowing money to sustain a business, if the business is not profiting, you will never be able to repay the loan and you will definitely lose your money and the business. "Think before you begin"

 

[Kelly5]

A growing business must be handled with all the seriousness it deserves to keep and maintain the tempo of the growth so as to gain competitive advantage over its rivals

 

[Setfragil]

A growing business needs all the attention that it could get from financing to employing the right employees to keep the business growing to avoid losing it customers base

 

[Famok]

All you need to do is to put more effort into the business you are into than the effort you have been doing earlier. Good luck

 

[Bookwormlux]

I don't think borrowing money to sustain a business is a good idea cos if surely the business was good, you would be able to bring up some cash which you have saved up from the business in other to sustain the business.

I pity a lot of people out there borrowing money to sustain a business, if the business is not profiting, you will never be able to repay the loan and you will definitely lose your money and the business. "Think before you begin"

That is what so many people fail to analyze before taking this Decision of loan. Once you are determined, you won't need loan to succeed in a business.

 

[Fizzy_boi]

Handling a growing business is not actually a big deal once you have followed up the normal procedures and go along with the plans you have made initially it will be ok .

 

[Haveit]

In business, timing and strategy is almost everything so be sure to have made plans and strategy that will reveal if the business is ready to ope a branch first or maybe another type of a more profitable business

 

[Peterlight]

That is what so many people fail to analyze before taking this Decision of loan. Once you are determined, you won't need loan to succeed in a business.

Determination plays a tangible roll when it comes to having a successful business, but don't place your determination on getting loan all because you feel like it will help your business, sincerely, it may be the worst decision you ever made.

 

[zahidhussain]

Buisness growing mean capital of buisness increase you can manage to increasing the buisness through different techniques if your buisness is online you also give more times but if your buisness is offline you can hier some skilled workers

 

[FreshKaz11]

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.

Is a good one I guess if you have a very good business idea to work on,and later go and apply for a loan when your capital is not that much to finish the business idea you have in you.

 

[Bookwormlux]

Determination plays a tangible roll when it comes to having a successful business, but don't place your determination on getting loan all because you feel like it will help your business, sincerely, it may be the worst decision you ever made.

So many people who went to seek loans in starting their business did not end up in a positive way and I see a lot of them discouraging it as it is painful seriously.

 

[Peterlight]

So many people who went to seek loans in starting their business did not end up in a positive way and I see a lot of them discouraging it as it is painful seriously.

A huge company in my region got a loan from CBN back in 2019 and to date, he can't pay back and now the bank has taking over the business, what a shame

 

[Chibson]

It is very important and the necessary for business owners to be disciplined and also know how to manage the finance of their growing businesses.

 

[akinlolu99]

When a business is growing it is best and good to re-invest, re-invest and re-invest. Any gain gotten from the business should be invested to generate more income for the business so that in the rise or need of another business there can be some to use and invest in that business most especially if there might be a chance the business will want to change direction or invest in something bigger.

 

[skyliequiz]

Determine clearly what distinguishes you from your competitors. Maintain a strong emphasis on this component in your business concept. During fast development, it is simpler than you think to lose sight of basic values.