But the million dollar question is when one should go for expanding his business. This is difficult question to answer. There are no hard & fast rules for expanding a business. The conditions for business expansions vary from business to business, sector to sector. As said earlier that one should keep in mind various factors before expanding his business. Always remember that a lot of money is at stake in any kind of business expansion. So it is highly important that one proceeds carefully in expanding his business. The universally accepted timing for business expansion is the time when your business is at it its peak. At that time money is available, the business is well known in the market & also the entrepreneur’s confidence stays high. So if you want to expand your business that is the best time for doing it. Avoid any kind of expansion adventurism during a crisis period. The entire focus in that period should be on revitalizing your existing business & not going for an expansion.
