A recent article, 5 Things to Consider Before You Open More Locations by Kyle Zagrodzky says that launching a successful business is not easy, but once you have proven that your idea is viable then opening one or more locations is alluring. Nevertheless, opening more units if not done properly can pull your business in a dangerous direction—the risk of losing it all.
Here are three factors to consider before you open another location for your business in a commercial office space.
- Why do you want to open another location?
Don’t be misled that more units will promise more income. Before opening another unit, explore every ways and means to satisfy that inner need to do more. Book a meeting room and brainstorm with your team to find an easier, safer way to fulfillment that will protect everything you’ve worked for instead of put it at risk.
- Are you strongly confident in your first business?
You should evaluate/review your existing processes before opening a second business. Systems and processes should be streamlined that employees know precisely what to do and everything runs efficiently even without your direct supervision. If that’s not the case, opening another location in Agile Office Space Denver will stretch you too thin.
- Get the right people before you take the plunge.
To open another branch, you need to hire and train new people to run the new unit using the same proven systems as before. Aside from having a specific set of leadership and supervision skills, you need to ask yourself if you’ll actually be happy to take on a completely different role.
If you’re convinced that you’ll be happy in your different role, have the right team in place and know you can trust your finances and still can’t get rid of that gut feeling that you need to open a new location, then go for it. YourOffice has come alongside hundreds of business looking for everything from staffed flexible offices to agile office space. We know your business is unique, and your office space shouldn’t be any different. Let us match the perfect space or service to fit your business needs.