Fear is a powerful force. There are people that won't get on elevators, won't fly, or won't get in front of a group and speak. Fear changes our decisions and causes some to go out of their way in order to avoid those situations. Many small business owners are afraid to grow their business. And the funniest part about it is that don't even know they have this fear.
In starting your small business you took a risk. You left the stability of larger established business in which you were an employee in order to start your own thing and do it the right way. You were able to grow your small business to a point that have been able to gain some stability and your business is actually turning a profit. So clearly you don't fear growth, right? Wrong.
Once small business owners reach that point that they are stable, most sit back and hope for organic growth of their business. They fear taking on the risk of expanding. They fear pursuing larger customers or clients. It seems odd that someone a short time ago that decided to take the risk of starting his own business, is now hesitant to take the next step because "what if that expansion doesn't work out?" or "what if the business can't handle that larger client?"
You might be correct that your business might grow on its own. You might have 10 employees now and just through natural growth you are able to hire a new employee every subsequent year of operation. But when you look around at other small businesses you can see that many plateau and that growth is slow. You have to push to make that growth happen.
There are ways to limit the amount of risk you are taking on. Having agreements in place that ensure business relationships go the way you plan for them to go. Having employee handbooks that outline your policies and what is expected of your employees, keeps those employee relationships solid. Taking steps to limit product liability or warranty issues limits potential litigation. These proactive actions and others can help greatly to reduce the risk of pushing for growth.
Consulting with a small business law firm can help you get a better idea what your business can do limit its risk while growing and expanding. The fear of growth does not need to dictate how you guide your business going forward. You can grow your 10 employees to 25 employees in the next 5 years without fear of the "what if's". You want to take the right steps and put the right processes in place at the beginning of that growth. So what are you doing to grow your business?