Expanding Your Business

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Is it better to expand a new store or expand the store that is already there?

Expanding Your Business

Imagine your company getting so much business, you run out of room in your warehouse. Your restaurant has an hour-long wait for seating every night. This may mean your company is ready to grow. But how do you expand while maintaining the level of service your clientele has grown accustomed to? The answer may be to replicate your business. Open a new warehouse, new factory or a new restaurant. So, even when you are small ... be prepared for your eventual growth and plan for it ahead of time. Ask your advisors about the possibilities of replicating or expanding your current businesses without getting ahead of yourself.



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