Tag Archives: Lake Mary Staffed Flexible Offices

4 Indications that Your Business is Ready for Expansion

Courtnie Erickson in her article, Ready to Expand? How You Know the Time Is Right says that expanding your business is an exciting endeavor; nevertheless you need to determine if your company is really ready to jump to the next level. Here are four indications that you are ready to….
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Courtnie Erickson in her article, Ready to Expand? How You Know the Time Is Right says that expanding your business is an exciting endeavor; nevertheless you need to determine if your company is really ready to jump to the next level.

Here are four indications that you are ready to grow your business in Lake Mary.

  1. You have stable cash flow

You are ready to grow your business if you have adequate cash flow to cover all the costs relative to expansion.  Business expansion may require additional equipment and supplies, a bigger office space and additional hires, so you need to consider these things prior to expansion.

  1. You have growing demands.

You may be ready to grow your business if your clientele increases significantly and business expansion is the ultimate solution to cater all their needs.  However, wait for several months to ensure that the increased in demand is not only superficial due to holidays or special offers.

  1. You are willing to take more challenges.

You and your team are ready and committed to work on longer hours, ready for more responsibilities and more challenging projects. You can schedule a meeting in Lake Mary meeting space with your key personnel to discuss your plan to expand.

  1. You have a concrete plan.

Having a concrete plan is one of the most important factors of growing a business. You need to have a plan in place to sustain the increasing demands of your customers without compromising its quality.

 

Conclusion

The growing demand of your customers is the main reason for your expansion, thus it is very important that you have enough cash, a solid plan and most especially a dedicated and talented team to help keep your customers happy and satisfied.  If you think you are ready to expand your business in Lake Mary, YourOffice Lake Mary has come alongside hundreds of business looking for everything from Lake Mary staffed flexible offices to Lake Mary 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.

How do you know that your business is ready to expand?  Feel free to share your comments.  You can also see us on Facebook and Google Plus.

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A recent article, 5 Things to Consider Before You Open More Locations by Kyle Zagrodzky says that running a successful business is quite hard.  Yet, once you have proven that your idea works then opening one or more locations is tempting.  Opening more units can mean more profits if it’s….
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A recent article, 5 Things to Consider Before You Open More Locations by Kyle Zagrodzky says that running a successful business is quite hard.  Yet, once you have proven that your idea works then opening one or more locations is tempting.  Opening more units can mean more profits if it’s done right.

How can you tell when you’re ready to take the plunge and open another location? Here are some tips to consider before you make a move.

  1. Why do you want to expand?

Don’t be misled by believing that more is always better or that more locations will promise more income. Before you make such a big decision, ask yourself why you really want to expand. If you are seeking continued success or more money, you might be able to attain that through a less risky venture. Opening a new location will tax your strength and your finances, so be sure you know what you’re doing before you do it. 

  1. Put the right team in place

Before growing, ensure you have the right team in place to take over some of those major roles you’ve always handled, and whether you can transfer the success of your first location to the newest one.

  1. Reflect on your existing processes

Your business processes should be efficient and streamlined so that employees know exactly what to do and everything runs pretty well even with minimal supervision. If that’s the case, opening doors to a new location is feasible. If you’re targeting a new market in Lake Mary, you can consider renting a space in Lake Mary Staffed Flexible Offices or Lake Mary Full Service Virtual Offices so your team can easily access potential clients and start to explore.

Get ready and make your move

If you’re confident that you have done all your homework and balanced your finances, then you might just have what it takes to launch a new location. YourOffice at Lake Mary/Heathrow provides fully serviced individual and executive offices, team spaces and virtual office solutions. Inside you’ll find everything you need to stay connected and stay focused on your business. 

Are you planning to open another location for your business?  Feel free to share your thoughts.  You can also visit us on Facebook and Google Plus.