When you have a small business that is thriving, the next logical step is to look into expansion. However, doing so is not always easy, especially in the current financial climate. So what things can be done to expand a company without having to take the risks?
There are two main areas which will need expanding should you wish to increase the size of your company – the size of your staff and the size of your building. However, buying or renting bigger premises and adding more people to your staff can be a major drain on resources and one that can turn a thriving company into a struggling one if things go wrong.
However, there are always ways around that. Whilst expanding, you can use external warehouses to house extra stock. With your staff, you can look to increase the number of freelancers working for you and use a telephone answering service to ensure you get all the calls for orders without having to pay full time receptionists. A good telephone answering service will not simply be call handling that offers you the chance to get messages they transcribe, but will also be able to give out information too to ensure the customers get the best service possible.
Expanding in any market can be risky, but never more so than when times are hard. But with the right call handling, the right contractors and the right facilities to store the extra stock, you can find out whether or not expansion will be a successful move or not without having to shell out money for the privilege.
Doing things this way means that if things don’t work, you won’t have lost anything, but if they do you can soon be a force to be reckoned with on a much bigger scale.