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Managing Business Growth

Tuesday February 2015

Growth is essential to any business.  If your firm is not growing then it is losing ground to its competitors.  However, rapid expansion carries the risk of making your business unmanageable, more costly and less efficient.  Therefore, in order to grow a business effectively it is necessary to plan ahead.

On the financial side, you will need to determine the additional capital expenditure required. You will need to consider staff costs, operating costs such as stock, electricity and premises. You may also have to budget for additional management resources.

Time is another factor. Management must have the requisite time to manage the process of expanding the firm. If senior managers are tied up with managing key clients, the expansion will not go to plan as key people will not have time to focus properly on the growth of the firm.

Your marketing plan will need to detail how you will go about attracting the new sales and repeat customers which will generate the cashflow needed to expand the business.

Here at Cowley Holmes, our clients have free access to our Business growth System.  If you want to know more please contact us by telephone 01234 355300 or email



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