Everything you need to help start your own retail event or market stall holders business for free. Useful info, business advice, help, ideas and tips to get your new stall holders business started.

START UP A STALL HOLDERS BUSINESS

STEP5. EXPANDING - GROWING

Time to expand your stall holders business
If you've come back to read this section you're probably considering expanding and growing your stall holders business further. Most successful businesses whatever type come to a point where they have to start turning away work due to simply not having enough manpower or stalls to go round. You're finding that the available pitches and enquiries are increasing and you wish that you could be in two places at once many days of the week but is it the right time to think about growing and expanding your stall holders business?

Up until now you've been a one man business or working with your partner, bringing in a steady, reliable income from your business, your finances are under control and you have built a good profitable, easy to manage retail stall holders business but at this moment you are torn between the safe, reliable business and the risky entrepreneur urge to expand. Do you stay as a small business or do you take the plunge and grow your stall holders business further?

Expanding any business is a hard decision to make no matter how confident you are about the availability of future trading pitches at events or markets. With increased expenses, increased borrowing and staff wages to pay, expanding can be a big headache. Hopefully we can give you a few useful pointers and raise some issues that you may not have considered before you take the plunge to expand your retail stall holders business. To continue reading on please use the key points navigation bar.

KEY POINTS

Time to expand
Your workload is increasing, but is it the right time to think about growing your business?
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Borrowing to grow
Is it possible to expand your stall holders business without increasing your borrowing?
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Financial planning Plan your finances before you take the leap and expand your business.
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Diversify
Can you add other types of products to your business?
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Employing help
You can't keep doing everything yourself and you will need to employ at some stage.
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