{"id":1800,"date":"2019-01-10T11:59:15","date_gmt":"2019-01-10T16:59:15","guid":{"rendered":"https:\/\/carleycreativeconcepts.com\/?p=1800"},"modified":"2023-04-01T09:01:43","modified_gmt":"2023-04-01T13:01:43","slug":"slow-and-steady-wins-the-business-race-so-ask-yourself-these-questions-before-you-expand","status":"publish","type":"post","link":"https:\/\/carleycreativeconcepts.com\/slow-and-steady-wins-the-business-race-so-ask-yourself-these-questions-before-you-expand\/","title":{"rendered":"Slow And Steady Wins The Business Race, So Ask Yourself These Questions Before You Expand"},"content":{"rendered":"\n<iframe loading=\"lazy\" src=\"https:\/\/giphy.com\/embed\/10CVvg9noXwPu0\" width=\"480\" height=\"360\" frameborder=\"0\" allowfullscreen=\"\"><\/iframe>\n\n\n\n<p><a href=\"https:\/\/giphy.com\/gifs\/rabbit-turtle-tortoise-10CVvg9noXwPu0\">via GIPHY<\/a>\n\tWhen starting a business, most entrepreneurs try to grow their enterprises as fast as they can. And they don\u2019t always manage to make it work. Of course, it\u2019s not a bad thing to have big dreams. If you don\u2019t reach for the stars, why would you bother starting a business at all? But, running before you can walk is always going to lead to a fall. If you expand your business without a strategy, there\u2019s every chance that your dreams will crumble. Even if you think it\u2019s for the best, it\u2019s possible that your business isn\u2019t ready to grow. <br><br>\nInstead of blindly rushing for the finishing line, then, take a page out of the tortoise\u2019s book. Slow and steady wins even the business race. So, before jumping into a multiple-premises business, ask yourself these questions about whether you\u2019re ready.\n<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-is-the-demand-there\"><b>Is the demand there?<\/b><\/h2>\n\n\n\n<p>\nFirst, consider whether there\u2019s a significant enough demand. As much as you may want to invest in a new premises when your profits allow it, this could be a fast way to waste money. You\u2019re still a small company at this stage. The increased capabilities of growth won\u2019t help if the demand isn\u2019t there. Those few <a href=\"https:\/\/carleycreativeconcepts.com\/how-to-get-those-loyal-customers\/\">loyal customers<\/a> you\u2019ve managed to scrape together will never make expansion worthwhile. If you\u2019re turning away orders because you can\u2019t keep up, by all means, expand. But, if you still only have a trickle of interest, it\u2019s worth waiting. Instead, put your profits into an increased marketing campaign. Leave growth for later. <br><br><b>Are your operating systems strong enough? <\/b><br><br>\nThe way you operate your business matters a great deal. You need to get a firm grasp on everything from employee management to your production processes. If you\u2019re still having teething problems in this area, growth is never a good idea. As outlined in this article by <a href=\"http:\/\/www.digitaljournal.com\/pr\/4092870\">Jozef Opdeweegh, businessman<\/a> and long-term CEO, operations are essential if you\u2019re &nbsp;running multiple facilities. This is the only way to keep your business running and offer a smooth customer experience. If you\u2019re struggling to get on top of this in one facility, there\u2019s no way you\u2019ll manage with more. In that instance, focus on perfecting operations in the space you have. Only then should you even think about growth. <br><\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-can-you-afford-it\"><br>\n<b>Can you afford it? <\/b><\/h2>\n\n\n\n<figure class=\"wp-block-image\"><a href=\"https:\/\/carleycreativeconcepts.com\/wp-content\/uploads\/2019\/01\/blog-calc.png\"><img decoding=\"async\" src=\"https:\/\/carleycreativeconcepts.com\/wp-content\/uploads\/2019\/01\/blog-calc-1024x683.png\" alt=\"\"\/><\/a><\/figure>\n\n\n\n<p>Picture Credit<\/p>\n\n\n\n<p>This may seem obvious, but it is worth asking whether you can even afford an expansion. Remember that having enough profit to buy more physical space isn&#8217;t going to cover you here. That\u2019s because expansion comes complete with a whole number of other costs you need to consider. You\u2019ll need to double the size of your team, hire delivery drivers to move between units, and even buy duplicates of heavy machinery. If you jump into an investment without thinking, you could find yourself with an empty space and no way to fill it. Don\u2019t let that happen. Get a firm grasp on your company finances with <a href=\"https:\/\/www.xero.com\/uk\/resources\/small-business-guides\/accounting\/why-you-need-an-accountant\/\">the help of an accountant<\/a>, and never invest until you have surplus profits to play with.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>via GIPHY When starting a business, most entrepreneurs try to grow their enterprises as fast as they can. And they don\u2019t always manage to make it work. Of course, it\u2019s&hellip;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[35],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.5 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Slow And Steady Wins The Business Race, So Ask Yourself These Questions Before You Expand - Carley Creative Concepts<\/title>\n<meta name=\"description\" content=\"Slow and steady wins the business race. 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