Five expansion mistakes BlueGrace and fast-growing companies should avoid

When BlueGrace Logistics announced it would be hiring hundreds of employees and possibly expanding into a new downtown location in Tampa, the six-year-old firm sent a message to the Tampa Bay Area – we're growing.

It also moved into dangerous territory. As businesspeople know, expansion can kill a company as quickly as a recession.

Another company in Tampa Bay, Syniverse, was recently in growth mode, gaining a $50 million dollar market share in just one year. But Syniverse has been losing money…