Only change can allow a company to grow and prosper. If things remain the same, there will not be any growth. To be competitive in the long term, a business must be flexible to grow and change.

The difficulty lies in knowing when it’s time to make changes, and in many situations, business owners end up backed up into a corner where they have to make system upgrades in desperate situations.

And such situations can end up costing a company dearly. But there are ways to actively look out for signs and implement proactive strategies.

Let’s take a closer look.