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Answer to Question #49411 in Accounting for emily

Question #49411
A company is planning to expand. Briefly explain why they might be running low on funds.
Expert's answer
Rationalizing the rewards of a bigger business means tuning up your business plan writing skills again. You will need to update those spreadsheets, recraft your marketing plan and strategize an expansion implementation plan.
You will also need to carefully weigh the risks and rewards for growth. Some of the steps in your analysis are outlined in this section. Your lawyer and accountant will need to be consulted. Perhaps you don't have to figure everything out from scratch. Look to a business in your industry for best practices and draw on knowledge of others that have gone before you.

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