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Under what conditions would you expand your business?

If you owned your own business, under what conditions would you consider expanding? Would you solely rely upon your financial and liquidity? Why or Why not? 200-300 word response please.

Solution Preview

Business expansion should include a wider range of discussion and decision including the financial projections. (I assume your term of 'financial and liquidity' refers to whether the company can afford to expand.)

Of course, it depends on what type of business and what kind of expansion, but a general approach should include the following:

1. a survey of perceived need in the marketplace
2. a review of potential competitors and their existing ...

Solution Summary

The solution presents a listing of 12 reasons or conditions which might give a business owner a basis for expansion. Both internal and external conditions are presented.