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START UP A MOBILE ICE CREAM BUSINESS

STEP5. EXPANDING - GROWING

Time to expand your mobile ice cream business
If you've come back to read this section you're probably considering expanding and growing your mobile ice cream business further. Most successful businesses whatever type come to a point where they have to start turning away work due to simply not having enough manpower or ice cream vans to go round. Your bookings are probably increasing and you wish that you could be in two places at once most weekends but is it the right time to think about growing and expanding your mobile ice cream business?

Up until now you've been a one man business or working with your partner, bringing in a steady, reliable income from your business, your finances are under control and you have built a good profitable, easy to manage mobile ice cream business but at this moment you are torn between the safe, reliable business and the risky entrepreneur urge to expand. Do you stay as a small business or do you take the plunge and grow your ice cream business further?

Expanding any business is a hard decision to make no matter how confident you are about the availability of future bookings. With increased expenses, increased borrowing and staff wages to pay, expanding can be a big headache. Hopefully we can give you a few useful pointers and raise some issues that you may not have considered before you take the plunge to expand your mobile ice cream business. To continue reading on please use the key points navigation bar.

 

KEY POINTS

Time to expand
Your bookings are increasing, but is it time to expand your business?
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What will it cost
Have you looked at all the possible cost incurred to expand?
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Funding growth
Is it possible to expand without increasing your borrowing?
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Financial planning
Plan your finances well before you take the leap.
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Diversify
Don't put all your eggs (or choc ices) in one basket.
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Employing help
You can't keep doing everything yourself.
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