It is time to expand the business to take it to the next level. You have reviewed your business, from top to bottom.  Your ratios and measurables point towards the future, the market conditions are favorable, you discussed and debated the issue with your advisors and received approval from your BOD.  Now is the definitely the time to expand your operations.

You developed a detailed plan on what steps to take when to ensure that the expansion will be a success:

  • Facilities
  • Human Resources
  • Finance
  • Process
  • Supply Chain
  • Transportation
  • R&D
  • Safety
  • Compliance
  • Profitability

It has been stated that Quality is the best business plan.  The same goes for the execution of the plan.  Follow your plan as much as possible to the letter.  Except where the plan was obviously wrong or incorrect to get you to your goals.

Review everything, get opinions and suggestions from those on the floor.  They may have a brilliant idea or suggestion that did not occur to anyone else.

Keep an eye on measurables and good luck.

 

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