Managing the Risks and Rewards of Business Growth

Date and Time for this Past Event

• Monday, Jul 22, 2024  6:30pm

Location

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Details

Businesses must evolve to survive . Growth allows companies to acquire assets, attract new talent, and fund investments. It also drives performance and profit. Without growth, operations can stagnate, leading to lowered quality , poor customer service, and other issues. Every entrepreneur faces the challenge of deciding - at what rate to grow their business.

As your business expands, costs tend to rise. Hiring more employees, investing in new equipment, and expanding facilities all requires Capital. Profit doesn't always immediately follow growth . You might face a period where costs outpace profits. Therefore, it is critical to plan and grow your business at the right pace. This Workshop will provide you with the factors to consider as part of your growth strategy and how to grow a business successfully.