Are You Ready to Scale Your Business?
Are you ready to scale your business? Expanding is exciting for any business owner. But it takes careful timing, research, and planning. Take this quick quiz to see if you’re ready to expand!
Question 1
- Question – The timing is right. I’ve had a continuous steady cash flow, and additional funding in my back pocket.
- Answers –
- Yes
- No
Question 2
- Question – I have a strong team. I’ve recruited great people, who are easy to get along with and enthusiastic about joining my team.
- Answers –
- Yes
- No
Question 3
- Question – I have enough funds. I have enough money to cover payroll, inventory and other operational expenses. Or, if I don’t, I have funding through a lender to help with these costs.
- Answers –
- Yes
- No
Question 4
- Question – I have a plan. I know exactly how I want to scale my business and what I need to do so.
- Answers –
- Yes
- No
Question 5
- Question – I know who my customers are. I know who I’m selling to and what they like and dislike. I know how and what to sell to them.
- Answers –
- Yes
- No
Hold Off for Now
You’re not quite ready to expand. You may not be ready just yet to expand your business. Dig a little deeper into your research and see what you need to fine-tune. Remember, expanding shouldn’t be rushed. It’s okay to take your time and ensure this move is well-mapped and well-executed.
You’re Almost There
You just need a little bit more! You’ve got a good start on your expansion idea. Now it’s time to polish it. Review what you’re missing and do some research. Remember, expanding shouldn’t be rushed. It’s okay to take your time and ensure this move is well-mapped and well-executed.
Ready to Expand
Congratulations! You’re ready! You’re ready to expand! Whether it’s opening a second location or scaling your inventory on a larger scale, your business seems like it can handle it. But remember, expanding shouldn’t be rushed. It’s okay to take more time to ensure this move is well-mapped and well-executed.