Sustainable Business Growth

Growth may be the essence of all business but there are dangers of expanding too quickly. Help your business flourish and survive by creating sustainable business growth.

Know your true costs
Before making the move expand think, can you fund the expansion? Be confident you can. You need to have a good grasp of your working capital needs and what funds are essential for day to day expenses to help you to prepare and project the costs. Additionally check for, available cash, accounts receivable and consider inventory. You need to know how much growth will impact your cash burn and whether you’ll survive it.

Tie down processes and outsource functions
Small business internal arrangements will not work for one which is expanding. Tie down processes such as invoicing and the training and hiring of new staff. When you do expand and you need to hire, you should consider the ongoing costs. It may be better to outsource as many functions as you can help to manage costs and ensure the staff you do hire will be valuable members.

Other considerations
One way to allow your business to grow is by finding a serviced office. Serviced offices provide you with all the equipment, space and admin to help a flourishing business’s needs with the advantage of a flexible price range. Alternatively, work remotely with a virtual office package and take advantage of a prestigious address and professional receptionist.

Rather than investing a large amount of your capital in office space, choose a serviced of virtual office with a flexible contract that will allow your business the freedom it needs to grow at the appropriate speed. To hire our office space or to find out more about our virtual business solutions call QV Offices on 0118 321 7840.