Plan Ahead for Business Expansion

You should concentrate first on making cash that can be used to pay down debt and build equity. Building equity gives you more flexibility to expand the business, and it provides more cushion in case things don't work out.

Next, avoid jumping at jobs that will double your volume unless you're sure you have the ability to fund the company. Also be careful about taking on new fixed obligations unless you are certain you can cover them.

Finally, you should budget, budget, budget. Know where your cash comes from, what you have on hand and what you will have on hand based on current work and back log.

Expansion is a great thing - as long as you don't expand yourself into oblivion.