When to Consider a 2nd Location for your Business

Are you looking to build upon the success of your business's original location? Expanding your business by opening a second location can bring additional profits, new customers, and extra prestige. However, these benefits come with additional risks. Take some time to analyze a few key things before considering opening your second location. Are There Better Alternatives? Has your business truly outgrown its first location? There are less expensive alternatives for businesses that haven't truly maxed out their current markets. These include things like: Increasing staff Opening an online store Diversifying inventory Targeting new audiences If [...]