leadership

5 Tips How to Plan for Your Company’s Expansion

5 Tips How to Plan for Your Company’s Expansion

Successful business growth doesn’t happen accidentally. While there are times when rapid expansion occurs due to unforeseen factors such as large-scale market changes or shifts in demographics, for the most part, a business plans for expansion long before actual growth takes place. This planning helps anticipate potential challenges and roadblocks, as well as define growth opportunities—all so expansion takes place in a hopefully ordered and effective manner. Here are five tips on planning for expansion that can help inform your strategy…