Capital Insights

Expansion Decisions: Compare the Project With a Realistic No-Expansion Case

Medro Advisors · Research and commentary from Don McClain

By Don McClain | Founder & Principal, Medro Advisors

The archived business-first review asks what an investment must accomplish. Build a no-expansion comparison that includes maintenance, existing commitments and likely operating changes, rather than assuming the business stands still. Then isolate the extra cash, staff and capacity required by the proposed project. Compare outcomes over the same period with the same assumptions. The purpose is to identify the incremental benefit and risk of acting, not to label borrowing or postponement automatically preferable.

Source: Medro archive, September 10, 2026.
Author: https://www.donmcclain.net/
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