Expanding Your Small Business: Ten Things to Know

 

So, your business has become a success; what do you do now?

You expand! If you offer a service or product that has given you success in one area, then think of the success it could have further afield.

1. Do your research.

Once you’ve decided where to expand, you need to do your research.

2. Find out about the area.

Before you think about moving your business to another area, you need to know what the area is like. You will have to think about how you can market your business, what public transport is like, how much it will cost to move and if there are any businesses nearby that will help support your business.

3. Look at your marketing.

Once you have found the perfect place to expand your business, you will have to think about your marketing. The service or product that you offered in your first location may not be successful in your new location.

4. Think about your branding.

Your branding is very important in your advertisement. The way you brand your business will show if you are professional and trustworthy.

5. Delivery options.

You need to think about if you can deliver your product or service to your customers in your new location.

6. Increase the number of staff.

When you expand, you may need to take on more staff.

7. Keep your customers happy.

Your customers are your main source of income.

8. Money.

When you are expanding, you will have to think about how much money you need.

9. Think about the future.

Before you expand, you need to think about how long you will stay at your new location.

10. Keep expanding!

Once you have expanded your business, you should continue expanding. There are many different ways you can do this.

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