Pros And Cons Of Business Expansion

An important part of owning your own business is making sure that the profits are always going up. This includes the increase of customers as well as sales. There are numerous ways to ensure that a business keeps from either staying stable or decreasing in sales. One way for an owner to grow his business is through expansion, but expansion is not always helpful. A pro of business expansion could be Expansion is a very popular mechanism in business upkeep. Owners often evaluate the pros and the cons of it and decide to take the leap anyway. A primary benefit of business expansion is the opportunity to gain new customers. When you move into new markets, you can bring in customer markets that never would have been possible before the expansion.

This makes it especially important that you carefully take the market potential of expansion into consideration before making the investment. It is always extremely important to think about the return on an investment or new market before considering expansion. In conclusion, business expansion is one way for an owner to grow a business. Although this way has both advantages and disadvantages, it should still be considered in keeping a business fresh and up to

She claims, “Literally, if we took away the minimum wage—if conceivably it was gone—we could potentially virtually wipe out unemployment completely because we would be able to offer jobs at whatever level.” By saying this, Bachmann is implying that yes we could wipe out unemployment, but at the same time we would gain “professionals” in important fields that actually aren’t qualified professionals at all given the fact that fast food workers would have the potential to make as much as a doctor. This is a very good point but Brown has another view on minimum wage.

Brown views the raising the minimum wage as an opportunity to give those that struggle with money, a way to finally relax. Brown states, “Anyone who’s tried to pay a heating bill, fill a prescription, or simply buy groceries knows all too well that the current minimum wage does not cut the mustard.” In making this statement Brown is saying that minimum wage the way it is now does not make up for the cost of living. People struggle every day because their minimum wage paying job doesn’t pay their bills. Both Bachmann and Brown have great points but I only agree with