Marstan Blog > Business Management > Strategy and Business Planning

The benefits of expanding a business are detailed in an article “10 reasons that growth is good for your business”.

However, expanding a business is not always easy and caution is required as we explain in an article entitled “Business growth is not a panacea”.

There are a number of ways in which you can enhance your chances of expanding your business successfully:

1. Think positively. Expanding your business is an exciting thing, not a headache.
2. Think like a bigger, better company. You will need to employ more people and possibly have bigger premises. Become attuned to this and consider it as being necessary to expand your business, rather than a worrying increase in your risks. Expanding your business should be about decreasing your risks, not increasing them.
3. Build on what you already have. Your existing customers, staff and suppliers have ...

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Even in tough economic circumstances, it is beneficial for every business to think about growth. You can be sure that your competitors will be looking to obtain your customers or your share of the market.

There are many reasons that growth is beneficial to your business.

1. Greater profitability by spreading your overheads. You may need a telephonist whether you have 10 or 20 people. The more you expand, the greater the value you will get from each item on your list of overheads.
2. You will have more customers. This will give you greater security. If some customers switch to your competitors, you will still have a larger volume of business.
3. With more people in the business you will have much more experience in your workforce. They will come with knowledge of things which work well in your competitors and can be utilised to improve your business.
4. If ...

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As the business environment changes or if a Company grows, it is easy for the headcount to grow too large or the organisation structure to become "out of shape". From time to time, it is worth looking at an organisation from first principles, to ensure that it is constantly revised to ensure that it remains efficient.

There are four steps to take to maintain an organisation at its optimum efficiency:

1. Calculate what staff are required in the "front-line" to deliver your service or produce your goods.
2. Assess what administrative staff and other support staff you require to ensure that the "front-line" staff can work efficiently and without burdening them and the Company with unnecessary overheads.
3. Determine the minimum management team you require to ensure that the front-line team and support team are managed efficiently.
4. Create an organisation structure which has clear lines of responsibility and the shortest lines of communication.

In ...

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