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Old 16th September 2015, 09:46 AM   #1
Linds_B18
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Default Knowing When It's Time To Expand Your Business

If you're the owner of CFO of a small to medium sized business, expanding to a new location or acquiring new property is a huge decision. How do you know if you're ready?

There are a number of factors, but what personally made your business ready to make the jump and obtain a commercial real estate loan?

Please share your personal stories!

http://blog.dedhamsavings.com/commer...-your-business


Last edited by torka; 16th September 2015 at 10:31 AM.
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Old 16th October 2015, 05:49 AM   #2
LaneKreps
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If you planning to expand your business, then it's a good thing. But there are some factors that you have to consider to avoid any financial crisis.

1. If you are confident that you can handle more business.
2. If you are getting more no of service requests from your customers or in simple terms you are getting so many clients.
3. Take a look at your last 4-5 years financial status, if you are in profit, then you can easily expand your business without any loan.
4. The current service area of your organization is growing rapidly.
5. You have a strong and a core team of employees and you are damn sure that they will definitely support if you expand your business.

Hope this will help you .....

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Old 2nd November 2015, 11:14 AM   #3
jaynorth
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Well financial capacity or gains lets a business to acquire a new position or expand its wings. Though it is important to do every bit to make the business prosper.

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Old 4th November 2015, 02:58 AM   #4
nationwidemea
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It depends on to what extent you want to expand your business.

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Old 4th November 2015, 03:03 AM   #5
edward222
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successfully integrating with another company or expanding into
new territory can take more than a year. It's expensive, messy and
more work than anyone expects, piece of advice: Don't forget to run
your current business. It's not uncommon for entrepreneurs, consumed
by their shiny expansion plans, to lose sight of the day-to-day operations
of their already profitable businesses.

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Old 5th November 2015, 06:26 AM   #6
MahaKarthi
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Quote:
Originally Posted by Linds_B18 View Post
If you're the owner of CFO of a small to medium sized business, expanding to a new location or acquiring new property is a huge decision. How do you know if you're ready?

There are a number of factors, but what personally made your business ready to make the jump and obtain a commercial real estate loan?

Please share your personal stories!

http://blog.dedhamsavings.com/commer...-your-business

This depends on the revenue and stability of the business to sustain in the market and earn regular profits. The role of consultants such as Piterion in leveraging the business income is very high and much appreciated.

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