Expansion plans of the business are offshoot of the business strategy. Therefore, the first question is have you devised business strategy for your organisation? If yes, which tools of business strategy did you use? Based on these tools, did you prepare the strategic plan for your organisation.
Expanding business without proper business strategy is fraught with risk. Deciding the direction of expansion is very important and regaining lost ground because of the choice of wrong direction becomes difficult.
I handle these issues in my 3-day training programme on Strategic Analysis of the Enterprise. In this training, you will get insight on the expansion which is far better than normal checklist. Feel free to contact me to know further details.
2nd June 2017 From India, Bangalore