Are you an entrepreneur who has stabilized in your small enterprise and now you are considering business growth and expansion? Are you looking at taking your business to a higher level? Could you be considering new locations and territories to operate in? Have you deeply considered some of the critical issues that may affect your planned growth and expansion? Have you discussed your plans with someone else who might offer you good advice? Have you set in place relevant safeguards and controls to ensure your plans are rolled out effectively and efficiently? Of course your enterprise growth and expansion program needs to be successful. Don’t you agree with me?
By the way, business growth and expansion is not something to be taken lightly and for granted. Many enterprises in the world today find themselves exiting the business world in an unplanned, chaotic way, and much earlier than scheduled, simply because of poorly conceived and executed business expansion programs. The somewhat lucky ones find the need to retrace their steps and possibly retract to safety before they can reorganize and make a second attempt at the program. Can you enumerate examples of some of these in your location or country? I think you should, if you are keen on the business world. If you don’t desire to be a part of such failures then please read on. You might get some small piece of advice that might be valuable.
I think it’s time to get going. Please, try and be a smart and organized entrepreneur! Don’t wake up with wild expansion programs and proceed to implement them without a second and third thought. The market out there will test your plans, and you might be found lacking. Rather keep your enterprise weaknesses indoors (as you work to overcome them) than throwing them in the open for everyone to see. Isn’t it a better choice? You can choose to be wise, or alternatively move around with a feet of clay.
The Wise Entrepreneur