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OFI 147: Should You Grow Your Business? | When Is It Time To Grow Your Business? | What Should You Consider When Expanding?

SHOW NOTES

KEY IDEAS:

Contentment Is What We Are After!

I have been experiencing more demand for our gopher business in the last two weeks than I have ever experienced.  This has really been causing me to think about whether or not to grow and expand.

In this episode we explore the indicators that you should grow your business, and we also discuss whether or not you actually should grow.

Indicators:

• Are you having trouble filling customer’s needs in a timely manner?
• Is the competition taking business from you?
• Are customers asking you to grow outside of your area?
• Do you have a loyal customer base?
• Have you experienced steady profitability?

Areas of Life to keep in balance when you are expanding:

• Financial
• Physical
• Personal Development
• Family
• Spiritual
• Social
• Career – do you have the life you want
• Farm – Only for us!  Will expansion affect your ability to farm the way you want to?

Article Links:

https://www.businesstakeaways.co.uk/business-growth-guide/

http://www.bgateway.com/business-guides/grow-and-improve/growing-a-business/deciding-whether-to-grow

https://www.fundera.com/blog/2014/12/16/10-indicators-time-to-expand-your-business/

http://www.smalltownmarketing.com/expanding_your_business.html

https://www.entrepreneur.com/article/203666

JAMES MICHENER

                                          “The master in the art of living makes little distinction between his work and his play, his labor and his leisure, his mind and his body, his information and his recreation, his love and his religion.  He hardly knows which is which.  He simply pursues his vision of excellence at whatever he does, leaving others to decide whether he is working or playing.  To him he is always doing both.”

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