Kozeny & McCubbin, L.C.

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Is your business ready to expand?

When you have a small business in Missouri, you may come to a point where you begin to think about expanding. This is the natural course of business. You start out small and eventually expand into a larger business where you can make more profit and serve a larger group of people. However, if you try to expand at the wrong time, you could hurt your business. This is why it helps to know the signs that expansion is a good option. 

Entrepreneur explains that expanding a business before you are prepared can lead to devastating results. It is best to watch for signs that growth is a good next step. 

This begins with evaluating your business overall. You should be in a place where customers no longer have to be encouraged to do business with you. They come on their own and word of mouth has helped to gain new business. You should not struggle to get them in the door. You also need to have strong leadership with managers and others who can handle the demands of growth.

Finally, you have to be prepared yourself. Expanding a business takes some investment of both time and money. You need to ensure your finances can withstand the extra expenses. You also need to be sure you are ready to spend the extra time you will need to ensure the success of the expansion. 

Only when you have carefully evaluated your business situation can you properly judge whether you are really ready for expansion. Once you see all the signs are pointing to yes, you can get the process started. This information is for education and is not legal advice. 

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Kozeny & McCubbin, L.C. | 312400 Olive Blvd., Suite 555, | St. Louis, MO 63141 | Phone: 314-991-0255  | Map & Directions