Ask Sean Ep. 28 - "When To Expand Your Business"
The 10 Minute Entrepreneur
Sean Castrina
4.8 • 308 Ratings
🗓️ 8 September 2023
⏱️ 11 minutes
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| 0:00.0 | You are listening to the 10 Minute Entrepreneur podcast with host, Sean Castrina. |
| 0:10.0 | Okay, this is the Friday Aston edition and the question is when do I expand my business? |
| 0:18.4 | This is so important because I have screwed this up so many times in the first decade of |
| 0:23.0 | business ownership. |
| 0:24.0 | So I can tell you all the times not to expand, but today I'm going to tell you when to |
| 0:27.8 | expand. |
| 0:28.8 | And it's pretty simple. |
| 0:29.8 | If you follow this formula, you're going to do it right because again, I've done it |
| 0:33.3 | wrong and I'll tell you there how I did it wrong. |
| 0:36.2 | First thing is, is there a demand increase? |
| 0:39.2 | This is kind of simple. |
| 0:40.2 | You have your business. |
| 0:41.2 | You're doing great. |
| 0:42.2 | You're making a half million or whatever it is, whatever your revenue is. |
| 0:44.9 | And there seems to be a greater demand for what it is you're selling. |
| 0:49.8 | Somebody wants more of your product. |
| 0:51.6 | Somebody wants more of your services. |
| 0:53.2 | So it's just kind of very organic. |
| 0:55.7 | The phone's ringing more. |
| 0:57.4 | You've got more orders every day that you wake up to it. |
| 1:00.9 | So it's extremely obvious. |
| 1:04.6 | But the key, now this is the key to this. |
... |
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