Expanding a small business is both exciting and scary.  Expansion often brings more success, but it also requires a lot of work. Fortunately, there are ways to make this process less intimidating, like using a recruitment agency to find the best employees. But first, assess whether you’re ready to expand your business—here are five signs it’s time for growth.

When Should You Expand Your Small Business?

1. You Have Problems Meeting Demand

To determine how healthy your business is, look at supply and demand. If you’re having a tough time keeping up with customer requests, it’s time to hire more employees to help you meet demand. Consider finding new ways to delegate responsibilities as your team grows, so you have the flexibility to respond to backups or shortages where you’re most needed.

2. You’re Running Out of Space

In the startup stage, you may have struggled with cash flow and purchased or rented space that is no longer big enough for your operation. Running out of space is a good indication that it’s time to expand.

3. Customers Travel for Your Products

If customers are traveling long distances to buy your products or services, it’s time to open up a second location in another area. However, going to a different town or city to conduct interviews takes you away from your business. Make this step more manageable by using a recruitment agency to help find the best local employees for your new location.

4. Steady Profit Margins

Most businesses see seasonal sales spikes, depending on the industry they’re in. While seasonal profits may not be enough to justify expanding, steady profit is. If your business has been profiting steadily for over three years, it’s time to look at ways to grow your business.

5. There’s a Need for Related Services or Products

Is there a hole in your market that you need to fill? If your current sales are strong, consider adding a complementary product or service to your business—especially if your current customers have been asking for something specific.

If your small business is growing fast, let the recruitment specialists at Work USA Inc. help you find the best candidates to fill your company’s employment needs. Located in Lincoln, NE, this recruitment agency has 20 years’ experience matching qualified candidates to the right jobs. You can visit their website to post a job or contact them at (402) 474-9675 to discuss your hiring needs.