A SWOT analysis will help you identify what your strengths are and what opportunities are available. Once you have identified these you can decide what sort of growth to go for.Deciding whether to continue to run your business as it is or to expand it will partly depend on what you intend to do with your business and what your exit strategy is.
It is also important to choose the right sort of growth. For example, you chose to grow organically - by selling your existing products to new markets or by selling new products to your existing customers - or you could chose to grow rapidly by buying another business.You could read guidance on .
By opting for a co-working or a part-time office, you can benefit from the professionalism and productivity of an office space without the cost of a long-term full-time lease. And, you will enjoy the added benefit of additional business services.
One area you may consider doing it yourself instead of hiring it out is accounting. If you have an accounting background and a solid understanding of business finances, then this may be a good place to cut enter a valid email address.
I&aposm not suggesting you will fail but there is always a chance - are you prepared for that? Looking at the worst possible outcome is important when taking risks which have the potential to boost your business growth. If the risk involves a degree of failure which you don&apost think you or your business can handle, then rethink other options. But if you know that even the worst case scenario is something you can deal with, the risk is worth it.