Two business people doing a meeting with the team in a coworking business office
  • Small businesses that are ready to scale up must consider multiple factors before expanding.
  • Financials and the cost of hiring more employees play a part in figuring out business development.
  • It's also crucial to outline any new responsibilities to new and existing staff members.
  • This article is part of "Talent Insider," a series containing expert advice to help business owners tackle a variety of hiring challenges.

For most business owners, scaling up is a part of their long-term goals. But for small businesses, successful expansion can be like walking a tightrope.