A recent article, 5 Things to Consider Before You Open More Locations by Kyle Zagrodzky says that running a single thriving business is hard enough, but launching one or more locations is tempting once you have proven your idea works. Nevertheless, the temptation to invest to another location can drag your first business in a dangerous direction.
Here are 3 questions to consider before launching another location in Lake Mary.
- Are you completely confident in your first business?
Before you even consider launching a second business in Agile Office Space Lake Mary, you should review and evaluate your existing policies and procedures. Your processes and operating systems should be solid and streamlined so that workers know exactly what to do even without your direct supervision, otherwise a second location will stretch you too thin.
- Why do you want to launch a second location?
Your business is thriving and you think that opening up a second location is ideal. However, don’t make the mistake of believing that more branches will guarantee more income. Before launching a second location, explore every option to satisfy that inner need to do more. You can have brainstorming sessions with your key personnel in meeting space Lake Mary to find an easier, safer path to fulfillment that will protect everything you’ve worked for instead of put it at risk.
- Are you ready to take a new different role?
You have to hire and train new employees (staff positions and managers) to run the second location using the same proven systems as before. Owning more than one business location means you need to have a specific set of leadership and supervision skills, and even if you have them, you need to ask and assure yourself if you are ready and happy to have a wider and new different role.
If you have done all the essential things, your finances and your team can be trusted, then most likely you are ready for another location in Lake Mary. YourOffice Lake Mary is a leader in providing the most prestigious executive office space Lake Mary and shared office space Lake Mary for any size business. Convenient, hassle free, and move in ready- our offices, meeting rooms, and conference rooms are designed to meet your business’ every need.
Are you ready to open another location? Let’s hear your story. Please visit us also on Facebook.