Expansion
Successful businesses eventually will consider expanding their business by opening a second location, offering franchise opportunities, pursuing new markets, or developing new products. Things to consider are proper planification like market research on new or alternative locations, analyzing the strength of the business or considering if your business operations/processes can be duplicated.
Resources to help you get started
- Small Business Administration: Expand to new locations
- the balance: How to Transform Your Small Business Into a Big Business
Understanding upcoming local projects in the area where you are considering opening a new location: