18 Oct '16, 3am

4 Risks Of Growing Too Quickly That Could Derail You

by Andy Roe, General Manager of SurePayroll, Inc. Most business owners look forward to the day when they can expand. In their mind, this means things are going well and the company is on track to do bigger things in the future. But have you considered the risks associated with growing your business too quickly? Here’s the primary concern: fast growth could hinder your company’s ability to stay on course. If you’re not careful, if you don’t plan out every step , rapid growth could be the downfall of your business. Here are four risks to watch for: 1. Losing your financial footing. When your business is small – just you and a few employees – it’s easy to keep a solid grip on your finances. You know your income and expenses. You know when you’ll be paid. And you know how much you need to spend. However, once you begin to expand, it’s more difficult to keep a pulse on the fina...

Full article: http://www.youngupstarts.com/2016/10/18/4-risks-of-growin...

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