Have you ever heard the phrases, buy the worst house in the nicest neighborhood? Location, location, location? Whenever your business is trying to grow, eventually you reach the point where you must add a new location.
If you are an ice cream business operating in Florida, it may not be a good idea to open a new location in Alaska. If you sell products similar to Home Depot it may not be a good idea to open a new store right next door to a competitor.
Choosing where and how to grow can involve many more factors than are initially apparent to an untrained business executive. The difficulties in expanding and choosing new locations are such, that help from a business consulting team helps immensely. North Star Tax & Accounting has helped hundreds of businesses grow and add new locations.
We can show how adding a new location will affect revenues, cash flow, employee hiring, management, asset purchasing, and more. We can help your business project short and long term costs associated with opening a new location.
We can help develop a long term strategy that allows you over time to increase profits, expand branding, and grow into a successful multi location business.