Grow My Business

Business growth provides many benefits, like:

  • More income can be earned on fixed costs, which increases profits
  • Growth excites and motivates staff
  • New markets and customers provide revenue diversification and reduce risk
  • Inventory can be purchased in larger quantities to get lower costs

You must be ready for growth to capture those benefits. Growth can also come with many drawbacks, especially if you aren’t ready for growth. Business owners are often surprised by some of these drawbacks like:

  • Reduced Margins
  • Cannibalization
  • Increased Costs
  • Potential lower Morale and Customer Satisfaction
  • Cash Flow Pressure

Below are some tips and tools for profitable growth.

"CFO Perspective’s Rob Stephens has been an invaluable resource to Lutheran Communities NW. Rob was the chair of the Board and Finance Committee during a period of unprecedented grown. Rob helped us make sense of the financial complexities in the market filled with changing regulations. He has the integrity and skill set we are looking for in a good partner. He can also speak in financial terms anyone can understand and while making it fun." – David Duea, President and CEO, Lutheran Community Services Northwest

Get Access to the Full Finance and Strategy Toolkit

FAST (Finance and Strategy Toolkit) is a membership program that gives you access to a massive collection of resources to increase your success. The right tools save you time, reduce your stress, and improve your effectiveness.

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ACE: Strategic Planning for Small Businesses

ACE is a simple strategic planning program for small businesses that’s included in FAST. You get the framework for high-level strategic planning all the way to action steps to implement the plan.

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