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Business strategy
When exactly should a business expand.
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[QUOTE="King bell, post: 298981, member: 75687"] Business expansion is a critical step for any business looking to grow and increase their profits. But when is the right time to expand? There is no easy answer to this, as every business and situation is different. However, there are some key factors to consider when deciding when to expand your business. First, consider the market conditions. If the market is growing, or if there is an opportunity for your business to enter an emerging market, that could be a great time to expand. If there is a large and growing demand for your product or service, it could be a good time to expand in order to meet that demand. Second, consider the financial health of your business. If you have a healthy cash flow and a solid financial base, you may be in a better position to expand than if you are just starting out or if you are in the middle of a cash flow crisis. Make sure you have enough capital to finance any expansion, as well as the resources to manage the growth. Third, consider the competitive landscape. If other businesses in your market are expanding, you may want to consider doing the same to stay competitive. On the other hand, if the market is saturated with competitors, expanding may not be the best move. [/QUOTE]
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When exactly should a business expand.
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