• Contact us
  • About us
  • Digital edition
  • Online archive
Friday, June 20, 2025
Cumberland and Westmorland Herald
  • News
    MP asks for Government help over plans to replace M6 bridges

    MP asks for Government help over plans to replace M6 bridges

    Resurfacing work to start in Shap – road to be closed for 21 days

    Resurfacing work to start in Shap – road to be closed for 21 days

    Arrests after drugs raid in Penrith

    Arrests after drugs raid in Penrith

    New Kirkby Stephen shop blends retail with purpose

    New Kirkby Stephen shop blends retail with purpose

    New vicar appointed for churches

    New vicar appointed for churches

    Award for Eden writer

    Award for Eden writer

    Penrith man admits possessing cannabis twice with intent to supply

    Penrith man admits possessing cannabis twice with intent to supply

    Risks and strategies for flexible pension drawdown

    Risks and strategies for flexible pension drawdown

    Man arrested after fleeing from police in Penrith

    Man arrested after fleeing from police in Penrith

  • Sport
    Medal success for Upper Eden tug-of-war team

    Medal success for Upper Eden tug-of-war team

    Eden man competes in Hyrox World Games

    Eden man competes in Hyrox World Games

    Double national triumph for Stuart Robinson

    Double national triumph for Stuart Robinson

    Patterdale’s Eden Eagles make history

    Patterdale’s Eden Eagles make history

    Penrith teen crowned British vault champion

    Penrith teen crowned British vault champion

    Penrith gymnasts represent North of England in finals

    Penrith gymnasts represent North of England in finals

    New boss revealed for Penrith AFC

    New boss revealed for Penrith AFC

    Penrith Panthers celebrate winning season

    Penrith Panthers celebrate winning season

    Darren Edmondson leaves Penrith AFC

    Darren Edmondson leaves Penrith AFC

  • Obituaries
  • Nostalgia
  • Online archive
  • Buy Photos
  • Buy your paper
  • North Lakes Living
No Result
View All Result
Cumberland and Westmorland Herald
  • News
    MP asks for Government help over plans to replace M6 bridges

    MP asks for Government help over plans to replace M6 bridges

    Resurfacing work to start in Shap – road to be closed for 21 days

    Resurfacing work to start in Shap – road to be closed for 21 days

    Arrests after drugs raid in Penrith

    Arrests after drugs raid in Penrith

    New Kirkby Stephen shop blends retail with purpose

    New Kirkby Stephen shop blends retail with purpose

    New vicar appointed for churches

    New vicar appointed for churches

    Award for Eden writer

    Award for Eden writer

    Penrith man admits possessing cannabis twice with intent to supply

    Penrith man admits possessing cannabis twice with intent to supply

    Risks and strategies for flexible pension drawdown

    Risks and strategies for flexible pension drawdown

    Man arrested after fleeing from police in Penrith

    Man arrested after fleeing from police in Penrith

  • Sport
    Medal success for Upper Eden tug-of-war team

    Medal success for Upper Eden tug-of-war team

    Eden man competes in Hyrox World Games

    Eden man competes in Hyrox World Games

    Double national triumph for Stuart Robinson

    Double national triumph for Stuart Robinson

    Patterdale’s Eden Eagles make history

    Patterdale’s Eden Eagles make history

    Penrith teen crowned British vault champion

    Penrith teen crowned British vault champion

    Penrith gymnasts represent North of England in finals

    Penrith gymnasts represent North of England in finals

    New boss revealed for Penrith AFC

    New boss revealed for Penrith AFC

    Penrith Panthers celebrate winning season

    Penrith Panthers celebrate winning season

    Darren Edmondson leaves Penrith AFC

    Darren Edmondson leaves Penrith AFC

  • Obituaries
  • Nostalgia
  • Online archive
  • Buy Photos
  • Buy your paper
  • North Lakes Living
No Result
View All Result
Cumberland and Westmorland Herald
No Result
View All Result
Home Expert advice
This article appears as part of a paid partnership with Armstrong Watson

6 tips for a successful business expansion

By Glenn Clifford-Perkins, accounting partner, Armstrong Watson

by CWH
18 October 2023
in Expert advice, News
A A
Share on FacebookShare on Twitter
Glenn Clifford-Perkins, of Armstrong Watson

Every business looking to expand needs to have a detailed vision of what it wants to achieve – whether this is expanding into new markets, attracting new customers, developing new products or services, or acquiring another business.

To do this successfully there are a few things to consider:

  1. Careful planning – Make sure you have a detailed business plan at the outset and set milestones to assess progress. An idea can sound great in theory, but a failure to properly plan for all the rewards and consequences of growth can lead to unexpected hurdles along the way.
  2. Synergy with the current business – Whether you’re looking to grow by opening a new location, expanding your existing site, or introducing new product ranges, it is key to ensure that the expansion is in keeping with your current brand, without compromising any of the quality or customer experience of your existing offering.
  3. Staffing – Try to ensure that you adequately resource your expansion by hiring new staff where necessary. If you don’t hire enough staff to cope with the expansion of your business, it may lead to your existing staff being overworked which could lead to reduced morale and a worse customer experience.
  4. Customer feedback – Your customers are key to the success of your business. Be sure to listen to their opinions on what is working best for your business, and what could be improved, and consider these opinions when looking to expand.
  5. Cash flow forecast – Businesses looking to grow, normally require some element of initial funding before the benefits of the expansion are realised. This can cause cashflow issues during this expansion phase if it is too quick or too ambitious. A detailed cash flow forecast at the beginning of a growth phase is essential to identify where cash might be tight and to assess whether any external funding will be required.
  6. Doing too much yourself – It can be tempting to try to achieve the growth by yourself, whilst still running your day-to-day business. Ensure you are adequately resourced so that you can delegate to enable you to focus on the most important tasks. Trust in your team is crucial to successfully growing your business.

Those who have successfully expanded their businesses always have a clear vision from the outset.

They plan carefully, know what they want to achieve, how this synergises with their current offering and have listened to feedback from their customers and employees. They have a strong brand and product, and this is not compromised by the expansion.

If you would like to discuss your ideas for an expansion and would like support and advice to help bring your vision to life, please get in touch.

We can also explore your options with regard to raising finance when looking to expand. Call 01768 222030 or email help@armstrongwatson.co.uk

Related Posts

MP asks for Government help over plans to replace M6 bridges
Latest

MP asks for Government help over plans to replace M6 bridges

20 June 2025
Resurfacing work to start in Shap – road to be closed for 21 days
Latest

Resurfacing work to start in Shap – road to be closed for 21 days

20 June 2025
Arrests after drugs raid in Penrith
Latest

Arrests after drugs raid in Penrith

20 June 2025
New Kirkby Stephen shop blends retail with purpose
News

New Kirkby Stephen shop blends retail with purpose

20 June 2025
New vicar appointed for churches
News

New vicar appointed for churches

20 June 2025
Award for Eden writer
News

Award for Eden writer

20 June 2025
No Result
View All Result

Stay connected

Facebook Twitter Instagram

Most popular

MP asks for Government help over plans to replace M6 bridges

MP asks for Government help over plans to replace M6 bridges

20 June 2025
Award for Eden writer

Award for Eden writer

20 June 2025
Penrith man admits possessing cannabis twice with intent to supply

Penrith man admits possessing cannabis twice with intent to supply

20 June 2025
Risks and strategies for flexible pension drawdown

Risks and strategies for flexible pension drawdown

15 June 2025
New Kirkby Stephen shop blends retail with purpose

New Kirkby Stephen shop blends retail with purpose

20 June 2025
Looking back through the archives

Looking back through the archives

20 June 2025
Cumberland and Westmorland Herald Logo

33 Middlegate
Penrith
Cumbria
CA11 7SY

Phone: 01768 862313
Email: news@cwherald.com

Registered in England as Barrnon Media Limited. No: 12475190
VAT registration number: 343486488

Explore

  • News
  • Sport
  • Farming
  • Property
  • Obituaries
  • Nostalgia
  • Your view

Useful links

  • Contact us
  • Photosales
  • Online archive
  • Buy your paper
  • Digital edition
  • North Lakes Living
  • Advertise
  • About us

Follow us on

© Barrnon Media Limited 2025

Terms & Conditions / Privacy Policy / Cookie Policy

This website and its associated newspaper are members of the Independent Press Standards Organisation
Review Your Cart
0
Discount
Add Coupon Code
Subtotal
Total Installment Payments
Bundle Discount
Checkout

 
0
No Result
View All Result
  • Home
  • News
  • Sport
  • Obituaries
  • Nostalgia
  • Online archive
  • more
    • North Lakes Living
    • Buy Photos
    • Buy your paper
    • About us
    • Contact us

© 2020 Cumberland & Westmorland Herald