I am wanting to grow by adding employees and advertising. I am at a point where I need help to expand.
2007-09-03 15:35:58 · 3 answers · asked by bugboy318 2 in Business & Finance ➔ Small Business
Be very careful not to grow for growth's sake, and this growth can be SELF-FINANCED....
Dont breathe, eat , poop, sleep, fart, or wipe your hiney without a well thought out business plan. Show past success and future earnings capabilities, and you wont need investors, because a BANK will lend you the money.
You want to have as much ownership control as humanly possible and answer to ONLY yourself... trust me on this one...
2007-09-07 13:36:23 · answer #1 · answered by I Can Count To Potato 7 · 0⤊ 0⤋
Well all successful entreprenuers have to know their skill sets. You may not have the skill set to grow a business and that's fine becuase lots of people that start businesses don't know how to grow a business. So ask your self do you rerally know how to grow a business. Also do you have the sales volume to handle the additional employees/expenses your are thinking of hiring?
2007-09-03 15:41:53 · answer #2 · answered by Ron H. Appraiser 3 · 0⤊ 0⤋
Do you have a business plan? What kind of return can investors expect?
2007-09-03 15:38:36 · answer #3 · answered by jdkilp 7 · 0⤊ 0⤋