Expanding Too Much

Dear Dave, I run a small upholstery business out of a shop in my garage. I'd like to expand to a bigger facility. Would it be a good idea to sell my property and buy a place where I could have a bigger shop built? Carol Dear Carol, I think I'd rent for a while before I jumped into the real estate market. You don't need a fancy office for the kind of work you're talking about. You just need more room. Chances are you can find something simple that's nothing more than work and storage space for a few hundred a month. I'd stick with that until the business really gets rocking and your revenue can justify a bigger place. Here's the deal, Carol. It's going to turn into a nightmare if you get too big too fast, and one fine day realize you can't produce enough to make the business work! That won't be good for anybody! - Dave
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