Expanding Your Business

Are you looking to expand your business?

Growing and expanding your business can be driven by a number of things, but whatever the reasons, it is important to step back and take a measured approach to any expansion decision.

Growth can generate a whole new set of challenges (as well as opportunities).

Central to expansion is keeping an eye on cash flow and how it will work. Larger businesses need more capital so it is vital a complete analysis of cash flow is conducted.

To help with the decision, you may also want to undertake an environmental analysis of your business. To prepare for any change in business, understanding your internal strengths and weaknesses, and your external opportunities and threats is important. It is imperative to evaluate clearly and not just react.

If you conclude that expanding is the way to go, you should then consider the following:
  1. Examine your long term ownership goals. Start with the end in mind and determine your exit/succession strategy. This will help to focus your planning. 
  2. Review your ownership structures and whether these are the best for your future business model.
  3. Model how the expansion will come from internal growth, acquiring new technology, acquiring a new facility, expanding your markets, or by acquiring an existing business.
  4. Consider what elements of your business will need to change; growth may mean new systems and processes are required for IT, HR, CRM etc. 
  5. Prepare a business plan and analyse what you need to accomplish growth.
  6. If you have a strategic plan in place, review it, and see how an expansion fits into the original plan. If you do not have a strategic plan, this is now the time to incorporate one into this next phase.
  7. Prepare a financial projection to test the feasibility of the expansion from a cash flow standpoint and to analyse the amount of time it will take you to recoup the investment or how fast you want to be paying back debt.
  8. Look for efficiencies you can take advantage of by utilising the existing infrastructure and factor those into the financial projection model.
  9. Ensure that you, as the business owner, have the ability to create the time to prepare for expansion carefully.  Also being able to lead your staff through the process may require extra time and effort from you.
  10. Set up an advisory board with outside expertise to bring together a team of professionals to assist you in your growth.

Speak to one of our Brentnalls SA advisors, to see how we can help you expand your business. 

If you would like to print this information please click here for PDF format.

The information provided in this information sheet does not constitute advice. The information is of a general nature only and does not take into account your individual situation. It should not be used, relied upon, or treated as a substitute for specific professional advice. We recommend that you contact Brentnalls SA before making any decision to discuss your particular requirements or circumstances.

Our Services

Services that assist in increasing profitability, build value, and protect your wealth.

Accounting & Tax
Business Advisory
Wealth Creation & Preservation

Industry Focus

We are not just your accountant, we are your business advisor, here to support you and your business. We specialise and focus within the following industries:

Brentnalls Agribusiness
Brentnalls Construction
Brentnalls Health


Our resources provide additional supporting information in the following areas: 

Fact Sheets
COVID-19 - Information Sheets
COVID-19 - Brentnalls SA Response

Our Location

255 Port Road

PO Box 338
Welland SA 5007 

View location map

P: (08) 8241 8444
F: (08) 8241 8488

Connect with us on Facebook. Connect with us on LinkedIn.