Posted on Nov 14, 2018
Walker & Associates Insurance
There’s seemingly nothing wrong with a small business growing too fast. In fact, flying at 30,000 feet, a business that’s moving ahead full steam can be a good problem to have. However, your small business that’s outgrowing its parameters has to keep up with growth in a number of ways including hiring, space and risk coverage. Scaling too quickly can actually have a negative effect on your overall business. Not planning for exponential growth can backfire against your plans to stay in operation. A small business plan should include an understanding of certain limits. Keep an eye out for signs that can be a burden to your business.