Business growth is reinforcement and validation of all the hard work you’ve put into your small business. Risk minimisation for our clients is a focus of ours at Carroll Goldsmith. Here are our top four things to consider before and during business growth:
- Research: You should research what your business is capable of doing with its capital and other resources. For this process you might consider talking to a lawyer or business adviser to help point you in the right direction.
- Goals: Without goals, it is impossible to measure your business’s progress. Are you clear on the short and long-term goals for your business? Are they measurable and realistic?
- Plan: French aviator and author Antoine de Saint-Exupéry said: “A goal without a plan is just a wish.” Do you have a formal plan for business growth? Have you considered how rapid or sudden growth will impact your business, and are you prepared for it? We can assist with aspects such as considering what is the best ownership structure for your business to accommodate the planned growth.
- Formalise your agreements: It is so important to create written business agreements. Whether it be between business partners or employees, we offer a full range of business and commercial legal services to businesses operating throughout the Mornington Peninsula and would be happy to assist in protecting you and your commercial assets.
Carroll Goldsmith Lawyers take great pride in supporting local businesses and being part of their growth and success.
CARROLL GOLDSMITH LAWYERS
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