This is the second part of our series on growing your small business once your startup is established.
If you missed our series on how to start your own small business, you can go here to read the first article in that series.
The first part of this series on growing your small business can be found here.
This week, we are going to look at how preparing a long-term Strategic Plan as an overview of your strategic direction (where you want to end up and how you want to get there) can help you keep on track as you grow.
In your growth phase, you will meet many challenges and just as many decisions. Where will you open a store next? Who should you hire? Your supplier is going out of business – how do you choose a replacement? Should you rent your new premises or buy? Should you take on a partner?