Ledyard Financial Group

1. Expanded customer base: By targeting new customers, LFG may risk investing resources in attracting and retaining an unprofitable customer base.

2. Increased competition: By increasing their focus on providing a broader range of financial services, LFG may face increased competition from competitors who specialize in specific services and have an existing customer base.

3.Missed timing of growth projections: If LFG’s growth projections are overly ambitious or not based on market realities, they may find themselves facing a lack of resources or an inability to make necessary investments that will allow them to expand.

4.Relying on external capital: If LFG is unable to raise sufficient external funding, it may hinder its ability to grow and expand.

5.Cybersecurity Risk: As LFG expands its services and acquires new customers, it may face an increased risk of cyberattacks from outside parties, which could result in significant data breaches.

6. Credit Risk: By offering financial services to customers, LFG may be exposed to a variety of credit risks, such as nonpayment of loans or debt defaults.

7. Regulatory Risk: Changes in existing regulations or new regulations imposed by government agencies may create a regulatory burden that could impede the growth of LFG.