Скачать или смотреть When should you open a second business location? 5 signs it's time

The decision to launch a second location can be a daunting and difficult one for many businesses. It requires careful consideration of a variety of factors, including consistent growth rates, market demand, cash flow, team competencies, and the competitive landscape. Howard M. Shore, CEO of ‪@ActivateGroup‬, and the author of the best-selling book The Leader Launch Pad, outlines the criteria that businesses should consider when deciding to open a second location. These include assessing whether there is a consistent growth rate, whether market conditions are in high demand, if there are adequate margins and cash flow, if the current team is ready for the extra challenges, and if the target audience is different in the new market and what the competition is like. By taking the time to assess and evaluate these criteria, businesses will be better positioned to make a successful launch and realize exponential growth. #newlocation #smallbusiness #businessgrowth
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