© 2011 Apptivo Inc.
All rights reserved.
Tips for Growing Your Business: Expanding
to a New Location
One of the ways to grow a business is simply to move it into another location.
Physically
expanding the business is a good option if the data supports...
More
© 2011 Apptivo Inc.
All rights reserved.
Tips for Growing Your Business: Expanding
to a New Location
One of the ways to grow a business is simply to move it into another location.
Physically
expanding the business is a good option if the data supports such a move.
In other words, you do
need to research and plan such a move.
Hiring an advisor to do this can be an important decision
as part of your growth strategy.
The key is to ensure that the new location expansion can be just
as profitable as or more so than your current location.
Here are some business tips to keep in
mind while expanding to a new location are:
Ensure your business has a long-term success story.
In other words, one or two years of
good growth in one location does not mean you can replicate that in another area easily.
Look at trends within the local community that influence your business’s success.
Are
these present in the area you plan to expand into?
Does the new location have the same economic condition
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