Management

A potential downside to business growth could be a loss of personal control and the need to delegate responsibility to staff and/or development of a management team.  There may also be a need to develop your own leadership skills as your responsibilities and profile with staff, customers and suppliers changes.

A SWOT analysis will help with identifying staff and development required to implement and manage your plans for growth.

You may want to consider the use of interim managers to provide you with access to specialist and experienced support on a short-term basis or whilst you implement your plan for growth or recruit your management team.

Back to Growing your business