So, you own or operate your own business.
If you cast your mind back to when you started the business, yes, amongst all the excitement, fear, uncertainty at different times, you may recall a pivotal point of time where you found some momentum.
In fact, those first few years may have been the most exciting? Fast forward through the varying stages of your business journey, growth may have plateaued or perhaps you have settled upon a good rhythm in what you do. Now, an honest question, is growth what you want?
SO WHY GROW?
There are several, and perhaps obvious, potential benefits of growing which can also include merger or acquisition activity too.
Some potential benefits include:
• Some diversity can reduce business risk.
• Opportunity for your people to develop, provide careers and retain them.
• A recovery of your fixed overhead or excess capacity.
• Broaden your own experience and skills.
• Utilise the capacity in your business.
In this blog, and over the coming weeks, we look at the four options you have in growing your business.