Home topics news Image credit: Loic Leray Expert Featured Let's Talk Expert Let’s Talk: When is the right time for your business to grow? Balancing risk & opportunity Guillermo Troncoso March 17, 2021 Starting any business comes with an element of risk – some, perhaps, more than others. But, as they say, no guts, no glory. And as we know, this doesn’t change once a business is up and running. With every opportunity that arises to take a business to the next level, clouds of risk are nearby. So, when do you take the leap? How quick should the jump be? What form of due diligence should you perform beforehand? Let’s talk … Gautam Sahgal, CEO, Perkbox There are many reasons for ramping up your growth. For startups, the primary driver is that if you aren’t growing, your competitors are. But growth without a plan can be just as dangerous as not growing at all. The ideal time to grow should be when you know exactly where you are heading, and what roles you will need to take the business to the next level. You can only have action once you have that clarity of purpose. Having a clear plan also helps mitigate the innate risks that hamper growth, such as making a misstep in hiring or changing market conditions. Luke Blincoe, CEO, ReAmped Energy When you’re a start-up or SME, it’s simple: you need to grow to achieve scale and stop the cash burn. However, when you ‘choose’ to