At some point, every successful business owner is faced with the decision of whether or not to expand. Kristen Scholer and Tim Stenovec talk through some things to consider when it comes to scaling a small business. Make sure you think about potential increased sale vs. cost of expansion. Do your market research and be sure to account for fluctuations in the business cycle and local economy. Then, make sure you have the financing and staff to meet the company's growing needs as it expands. Plus, we highlight Shweta Pranav Patil, owner of Shweta Engineers, as an entrepreunur featured in Goldman Sachs' 10,000 women program.

Share:
More In Business
Biden Proposes Canceling Student Loan Interest to Tackle Debt Crisis
The Biden administration has unveiled a plan, Plan B, to address the student loan debt crisis. It offers to cancel up to $20,000 in interest for borrowers enrolled in income-driven repayment plans. This proposal aims to reset balances for those facing growing debt due to unpaid interest, benefiting low—and middle-income borrowers. An estimated 25 million borrowers are eligible for some form of interest forgiveness.
Load More