is rapid growth bad for your business?
TRANSCRIPT
Rapid growth can occur in any business and involves a significant increase in sales.
While it sounds extremely positive, it can sometimes be the pitfall for businesses.
How?
This can result in:- A strain on resources (products, employees etc.)
- Mismanagement of cashflow- Disruption in timelines- A decrease in the
quality of service provided
What is sustainable growth?
Growing at a steady pace where you’re able to effectively manage
the business.
This in turn allows builders to successfully manage their cashflow, apply for home
warranty insurance increases and grow.