Question

The company generates a lot of revenue and is rapidly growing. They're expecting to hire hundreds of new employees in the next year or so, and you may not be able to scale your operations at the pace you're working.

Answer 1

Answer:

The most appropriate way to deal with the situation presented above is to acquire more space at the current office site at additional rent beforehand.

Explanation:

The Scaling of a revenue-generating business is a crucial task in which a lot of pre-planning and thinking is required.

In order to scale the business in the next year, the planning of it is to be carried out at the moment and proper necessary arrangements are ensured. These steps could be one from:

• Looking for bigger spaces for renting for a full shift of the operations
• Looking for a site office for an additional office
• Acquiring more space in the current office site.

This process would result in acquiring a bigger place beforehand but in order to mitigate the risk, try to keep the place in view by providing them a bare minimum advance for the additional units.