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Getting On With Growth

If you’ve set up a successful small business, well, congratulations! That’s tough, but it’s time to take the next even tougher step- it’s time to grow. Growing a small business is a daunting task, but it’s done everyday by people who keep certain things in mind.

First of all, you need to keep your timing in mind. Maybe you’ve outgrown your location and need more space, or maybe you’ve decided to diversify and offer more services, either way you need to recognize the time is right and you’re not just growing because you want to. You have to wait until your business is well and truly ready.

You also have to make sure you’re keeping up the cash flow. You need to pay bills and employees while whatever expansion is taking place happens. Cash is still king (or queen) at this time, and not having enough could kill more then the expansion.

There’s a lot more to it then this, such as clever marketing and what the competition is doing, you can read all about it here: 4 Factors to Consider as You Grow Your Salon.

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