28 September 2012 category: strategy & business planning
Even in tough economic circumstances, it is beneficial for every business to think about growth. You can be sure that your competitors will be looking to obtain your customers or your share of the market.
There are many reasons that growth is beneficial to your business.
- Greater profitability by spreading your overheads. You may need a telephonist whether you have 10 or 20 people. The more you expand, the greater the value you will get from each item on your list of overheads.
- You will have more customers. This will give you greater security. If some customers switch to your competitors, you will still have a larger volume of business.