The clue is in the name. If you are lucky enough to experience growth then you want to maximise the opportunity and avoid the pitfalls - it is all in the planning.
When business is string and work is coming in – we think its great, and it is, but growing too quickly brings more risks.
Client always start by asking about the tax issues, investment and structure – which we can of course advise on but the real danger is not paying too much tax or gaining investors.Over trading is very common, this is where you need to spend money on the growth but the return from the investment or the cash coming in from customers will not come for a much longer time. In the extreme, the business has lots of activity in it’s pipeline but runs out of cash before it can deliver.
In other situations the systems, controls or processes that worked fine for a small business start to fail as the business grows, this leads to costings getting out of control, duplicate or missed transactions, lost orders – all kinds of nightmares. We can help advise on a range of issues and solutions.