There comes a time in every company’s life when they must expand and take on additional challenges in order to continue growing. While it can be scary, expanding your business can open up new opportunities and help you generate more revenue than ever before.
However, when you’re in the midst of the day-to-day hustle and bustle of running your firm, it can be hard to step back and recognize when you need to grow your business. And before you know it, years have passed, and your company has still stayed at its original size and level of success – or maybe not even grown beyond its initial launch phase.
But how do you know when it’s time to move from being a small business upstart to a more established organization that can better survive both economic downturns and upticks? Here are eight telltale signs that your firm is ready to take the next step and grow into the future.