Time to Scale?

January 26, 2024
Posted by
PGS Staff

In so many ways, business ownership is an exercise in taking and managing risk. When hard work pays off and “successful” seems like a word that could enter an owner or founder’s vocabulary, it may be time to consider growth. Scaling your business is sometimes part and parcel of success. As the old saying goes, “If you’re not growing, you’re dying.”

According to Andrew Deen at Bplans:

5 Ways to tell If you are ready to grow your business.

  1. Turning Down Potential Business Opportunities
  2. Surpassing Previous Goals
  3. Strong Cash Flow and Repeatable Sales
  4. Proven Concept and Reliable Infrastructure
  5. An Atmosphere of Minimal (Manageable) Risk

Link to full article: https://www.bplans.com/business-management/ways-to-grow/signs-to-scale/

About Partnership Grand Strand
Partnership Grand Strand is a 501c3 foundation launched in 2022 by the Myrtle Beach Area Chamber of Commerce to fund a five-year economic and community development initiative. Through investments from local businesses and partnerships with community organizations, the foundation leads and supports efforts related to four pillars of success: prosperity, talent, place and infrastructure. Through their focused endeavors, Partnership Grand Strand works to accelerate economic prosperity and enhance quality of life across Horry and Georgetown counties. 
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