Expansions can fail. Adding equipment, plant or staff to increase revenue doesn't always translate into a healthier bottom line. And without the expectation that the bottom line will grow after a planned expansion, it will be difficult to attract a business loan to fund your growth.
To help ensure the success of a new business plan, take time to calculate and understand costs, margins and breakeven. To get the lowdown on how to go about conducting your pre-expansion financial analysis, check out Is Expansion Right for You? from the weekly ezine of Hedman & Associates, a CPA firm just north of Los Angeles.
Click here to read "Matchmaking for Business Loans"
Related Tags: business loan, factoring, bank loans, business expansion, Hedman & Associates
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