Are you ready to grow your business?7/31/2019
If you’ve been successfully running your business for some time now, you may be exploring ways to expand. Here are three important signs your business is ready for growth:
1. A consistent increase in profits in the last three to five years, and steady, positive cash flow that can keep up with your short-term financing needs.
2. New market opportunities and increased customer demand. Are your customers asking for more products,
expanded service hours or additional locations?
3. A strong team you can rely on. Take a look at your management team and determine if you have the right
support to expand.
If you have demonstrated financial strength, see market opportunities and have a strong team at your side, it may
be time to put your growth plans into action. After you’ve created a plan, explore financing options that will
help make it a reality.