Expand!! Or Should You?

Expansion - whether it means adding a new product, a new department, or even an additional store - can be a great idea. Even successful. But it also can gravely impact the financial stability of your operation.

At the core of financial stability is anticipating and accommodating your business’ debt needs. A "financial gap" occurs when you’ve not made arrangements to satisfy debts before they are due to be paid.

As a specialty retailer, your concern about planning and providing for your financial gap should be almost fanatical. An unsubstantiated desire to expand can be the beginning of a financial gap, or worse, the start of a downward spiral.

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