Expanding your business can feel overwhelming, especially if it's your first time branching out. However, scaling can be a worthwhile experience that not only lends success to your company but also brings in more local jobs and builds your local economy. In fact, according to LinkedIn, young companies create an average of 3 million new jobs each year, and these companies have been responsible for almost all new jobs in the last 40 years in the United States.
Of course, expanding your business isn't easy, and there are some common myths and misconceptions that could be holding you back from fulfilling your company's full potential. That said, here are some common misconceptions about scaling your business and what you should know instead.
Every business move comes with some risks. However, the risk associated with business growth is no higher than any other business move. Risks can be managed with proper due diligence, as is required for any business growth decision. Before you purchase a new property to make room for new facilities, become familiar with the area to make quality development initiatives. The more strategic you are about your options, the more confident you'll feel when the time comes to scale.
There is help available when you're working on business growth, and having the right partnerships and support can also make scaling your business easier. Haines City Economic Development Council can facilitate and educate, utilizing our partners who provide professional resources like financial advice (our banking partners), workforce, (CareerSource Polk) and engineering (Pennoni). We can connect you with the resources you need to successfully scale your business, whether you're adding a new office building and expanding or you're moving to a larger property to make room for new employees. We can help you identify the best possible area for your new business endeavors.
Scaling is often a sign of a business' success, but it's important to make sure that you're not scaling too fast or too soon. As we mentioned above, business scaling isn't any riskier than any other business decision, but that doesn't mean you should rush into it. Poor financial decisions can lead to cash flow problems, and hiring more people (but the wrong people) can lead to reduced productivity and efficiency. Haines City Economic Development Council you with local resources so you can scale slowly but surely, and we can even offer a hand to support your current and new workforce needs via our partner CareerSource Polk.
If you're getting ready to scale your business, Haines City Economic Development Council can help. Reach out to us today to learn more about the support we can offer during your business growth.
Five Ways Workforce Development Can Improve Your Reputation
Haines City EDC Staff
8/20/2024
Which Industries Are Growing the Fastest in Florida?
Haines City EDC Staff
8/13/2024
Haines City EDC Announces Key Appointments of President Cyndi Jantomaso
Haines City EDC Staff
8/6/2024
4 Innovative Ideas to Boost Workforce Development Efforts
Haines City EDC Staff
7/16/2024
What Factors Influence Successful Startups?
Haines City EDC Staff
7/9/2024
How Does Workforce Development Contribute to Company Growth?
Haines City EDC Staff
6/25/2024
3 Key Steps to Accelerate Business Development
Haines City EDC Staff
6/18/2024
Simple Ways to Grow as a Business Owner
Haines City EDC Staff
6/6/2024
Haines City, Florida: Top Ten Fastest Growing City in the United States
Haines City EDC Staff
6/4/2024
Your Guide to Boosting Employee Engagement at Work
Haines City EDC Staff
5/30/2024
How Can I Come Up With a Business Idea?
Haines City EDC Staff
4/16/2024
4 Ways Economic Development Councils Drive Job Creation
Haines City EDC Staff
4/9/2024
Florida's Robust Economic Growth and Infrastructure Expansion News
Haines City EDC Staff
3/21/2024
Strategies for Tech Start-Ups in Florida
Haines City News
3/19/2024
3 Reasons Why New Businesses Fail (and How to Avoid Them)
Haines City News
3/12/2024
What to Look For in Economic Development Help
Haines City News
2/19/2024
Why Job Training Programs Are Worth Your Business's Time
Haines City News
2/8/2024
3 Signs Your Business Isn't Ready to Grow (and How to Fix Them)
Haines City
1/12/2024
3 Ways to Improve Your Company's Performance
Haines City
1/11/2024
Governor Ron DeSantis Awards $200,000 to Haines City for Strategic Infrastructure Enhancement
Haines City EDC Staff
12/18/2023
What Are the Benefits of Job Training Programs?
Haines City
12/5/2023
What Are Impact Fees and How Do They Affect My Business?
Haines City
12/4/2023
How Does Workforce Education and Training Impact Your Business?
Haines City Staff
11/20/2023
Quality Energy Incentives You Can Apply for in Florida Right Now
Haines City
11/3/2023
Safe, Efficient, and Green: Innovations and Climate Commitments in U.S. Rail
Haines City Staff
10/12/2023
Industrial FOMO: 3 Things You Get Access to With Haines City Industrial Park
Haines City
10/5/2023
Haines City's Visionary Embrace of Rail: Navigating Tomorrow's Transport Landscape
Haines City News
10/4/2023
4 Warning Signs You Need Help With Economic Development
Haines City
9/15/2023
What Are Some Common Misconceptions About Scaling Your Business?
Haines City
9/12/2023
4 Reasons Why Rail Systems Are Crucial for Your Business
Haines City
8/29/2023
Haines City EDC's July Milestones Include Vice Chairwoman's Appointment to Polk State District Board
Haines City News
8/10/2023
Haines City EDC receives $25,000 Duke Energy Marketing Grant
Haines City EDC Staff
8/3/2023
What Are the Benefits of Being Located in an Industrial Park?
Haines City
7/24/2023
How Important Is Location When It Comes to Business Success?
Haines City
7/21/2023
Unlocking the Power of Rail-Served Industry: A Closer Look
Haines City EDC Staff
7/12/2023
Join the Journey: Participate in SunRail's Virtual Interactive Workshop for Polk County Extension
Haines City EDC Staff
7/7/2023
How to Find the Best Commercial Property for You
Haines City
6/28/2023
Why Local Economic Development Is Important for Every City
Haines City
6/27/2023
Can Economic Development Grow Your Business?
Haines City
5/22/2023
How to Prepare for an Industrial Land Development
Haines City
5/19/2023
Haines City EDC President, Cyndi Jantomaso, Featured in Florida Trend Magazine's Leadership Insights
Haines City EDC Staff
5/4/2023
Haines City EDC Champions Local Priorities at Polk County Day Reception in Tallahassee
Haines City EDC Staff
4/18/2023
How to Grow Your New Businesses
Haines City
4/14/2023
What to Know About Economic Development
Haines City
4/13/2023
How to Improve Your Business for Your Clients
Haines City
3/30/2023
Moving Your Business? Economic Development Organizations Can Help
Haines City
3/29/2023
Florida Shines in Workforce Development Rankings
Haines City EDC Staff
3/29/2023
Discover Top Talent: Join the 2023 Spring Job Fair in Haines City on April 12th
Haines City EDC Staff
3/22/2023
How can economic development incentives assist in the location of your business?
Haines City Staff
2/17/2023
What are the Benefits of Economic Development?
Haines City Staff
2/16/2023
Support Our community take the SunRail Expansion to Polk County Survey
Haines City EDC Staff
2/13/2023
CRA - Business Workshop
Haines City Staff
1/24/2023
Valuable Tools for Site Selection Success are provided by Haines City EDC
Haines City EDC Staff
12/12/2022
Haines City Property Featured on Duke Energy Parade of Sites
Haines City EDC Staff
12/7/2022
Cybersecurity - Apprenticeship Program Options / Polk State College
Haines City EDC Staff
11/29/2022
Governor Ron DeSantis - Attracting and Developing Skilled Workforce
Haines City EDC Staff
11/14/2022
Duke Energy Awards Haines City, Economic Development Council
Haines City EDC Staff
11/11/2022
State Leaders Recognize September as Workforce Development Month in Florida
Authored by CareerSource
9/2/2022
Cyndi Jantomaso Haines City EDC honored to be Florida’s Advocate with GoRail.
Posted by Haines City EDC
5/31/2022
The City of Haines City for February/March 2022
Posted by Haines City EDC
2/15/2022
2022 Job Fair & Career Expo
Authored by CareerSource
2/10/2022
Polk County Public Schools Welcomes Community Liaisons
Posted by Haines City EDC
2/9/2022
Haines City Planning to Expand Industrial Area
Posted by Haines City EDC
1/24/2022
CAREERSOURCE FLORIDA CELEBRATES WORKFORCE DEVELOPMENT ACCOMPLISHMENTS IN 2021
Authored by CareerSource
1/3/2022
AdventHealth, Bond Clinic collaborate to meet growing health care demand
Posted by Haines City EDC
10/12/2021
Florida Chamber of Commerce Survey
Posted by Haines City EDC
10/8/2021
Carvana Seeks to Hire 150 Employees for Haines City
Posted by Haines City EDC
10/7/2021
Cyndi Jantomaso Wins Larry Miller Award
Posted by Haines City EDC
10/4/2021
Commissioner Bill Braswell Discusses Industry
Posted by Haines City EDC
10/2/2021
Thank you to all of our Board Retreat Sponsors
Posted by Haines City EDC
9/30/2021
From Governor DeSantis: Executive Order 21-101
Posted by Haines City EDC
5/4/2021
Trez Capital Finances Land Acquisition and First Phase of Development of Central Florida Community
Posted by Haines City EDC
4/26/2021
Polk State Corporate College: Manufacturing Industry Certifications Coming in May
Posted by Haines City EDC
4/25/2021
Polk State College to host COVID-19 vaccination event April 30
Posted by Haines City EDC
4/25/2021
Help is Here - Resources for Business and Career Seekers
Posted by Haines City EDC
4/20/2021
Polk TPO seeking members for Transportation Priorities Subcommittee
Posted by Haines City EDC
4/20/2021
GoRail: Annual Report 2020 in Review
Posted by Haines City EDC
3/15/2021
Polk State enrollment for Summer 2021 Semester starts March 29
Posted by Haines City EDC
3/15/2021
The Ledger: SafeWise.com: Haines City is one of the safest towns in FL
Posted by Haines City EDC
3/15/2021
PCU warns of water treatment scam call
Posted by Haines City EDC
2/18/2021