Pros
Write your elevator pitch. ...
Set SMART goals. ...
Do a SWOT analysis. ...
Decide how you will measure your success. ...
Determine your budget. .
Cons
shortage of cash - you may need to borrow money to meet expansion costs, eg buy new premises or equipment
compromised quality - increasing your production output may lead to a decline in quality, which can lead to loss of customers or sales
loss of control - as your business grows, you may need to delegate management duties or divide the workloads between different locations
increased capital requirements - a larger business means a larger workforce, more facilities or equipment, and more investment
increased staff turnover - for example, if staff are given extra work, their morale could drop, their productivity could decrease or they could leave your business