As business owners, we’re often faced with the challenge of maintaining profitability and efficiency in the face of ever-changing market conditions and evolving customer demands, and working in business advisory we see these challenges every day. For one SCS Capital Partners client, a service-based business with under $10 million in revenue, this challenge had become […]
Tag: growth strategy
Evaluating the Feasibility of Expanding into New Services or Product Lines
As a business owner, the allure of diversifying your offerings and entering new markets can be compelling. Whether it’s expanding your product line, venturing into adjacent service offerings, or exploring entirely novel business opportunities, the prospect of growing your enterprise and tapping into fresh revenue streams is undoubtedly enticing. However, before you take the plunge, […]
Addressing Common Challenges in Family-Owned Businesses
As a fellow family business owner, I know firsthand the unique joys and challenges that come with running a company alongside your loved ones. While there’s nothing quite like the bond and shared vision that can propel a family business forward, navigating complex family dynamics, succession planning, and growth strategies can also present some significant […]