MANAGEMENT

Detailed explanation-1: -For many businesses, growth signals success. It creates new opportunities, brings in more customers and generates greater profits. However, expanding your business isn’t without risks. You should carefully consider the pros and cons of expansion before pursuing business growth.

Detailed explanation-2: -Small businesses are more nimble than larger businesses, and are better able to adapt as market conditions change. Because a small business is closer to its customers, it is in a better position to hear feedback and observe changing preferences.

Detailed explanation-3: -When a business is growing too rapidly, it significantly increases the demands on each individual employee, and on your team as a whole. This can easily lead to stressed-out employees, low morale, and fighting among the members of your previously unified team.