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Business expansion: the risks and benefits explained

It is the inevitable lot of every successful small business to undergo a period of rapid growth and expansion. Traditionally, this is a transitional period in which you will discover whether or not your company is going to sink or swim; will a business that has been successfully implemented to a narrow remit of customers stand up to scrutiny on a larger scale, or will greater exposure and custom lay bare essential failings and oversights? It is a common fear, and one that you must come to terms with if you are looking to expand; but is expansion really the right choice for you? Here, we look to explain some of the inherent risks and potential benefits on offer to expanding businesses.

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