To expand or not to expand, that is every successful small-business owner’s question. The idea of opening a second location is tantalizing: It offers expanded audiences, extra prestige, and increased profits. However, expansion can be dangerous and taking on additional responsibilities before you are ready can cause your existing business to topple.
Before you decide whether or not you should expand with a second business location, you should take this short-and-sweet test to determine whether or not you are ready for a second location.
A 6 Question Test Before Opening a Second Business Location
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