What makes up a well thought out expansion plan?

[King Belieal]

Every business seeks to expand because when they do so, they would be making more money. On the flip side, I have seen businesses crash completely because they were trying to expand. That's why a solid expansion plan is very necessary.

But what constitutes a well thought out expansion plan?

 

[Fidelia]

A well thought out expansion plan must come in phases. It would be initiated by pilot expansion moves to test the waters.

 

[Augusta]

The expansion plan must have the type of market in which the company is going to operate, the difficulties it may come across and the best way to sell in the market.