You have a strategic plan in place. Revenues and customers are increasing and profits may be strong, but competition is surfacing. Now may be the time to consider going after a larger market share. This requires significant planning and research, and opens your business up to a whole new set of challenges.
How will you fund this growth? Attract and maintain the right management and other key staff? Tax and accounting issues become more complex and their processes more mature. Should you be looking at succession or exit-related strategies? Now is the time to talk about a new growth strategy.