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Business strategy
How setting up many business branches increases profitability
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[QUOTE="Jasz, post: 279079, member: 61772"] A business with multiple branches is more profitable than a single-branch operation, particularly if you have the right strategy. Multiple branches have several advantages over a single location. You can spread risk by having different revenue streams, and you can also increase your customer base by offering new products or services. For example, if your business sells video games and consoles, you could open an online store as well. Both stores would benefit from being part of the same company because they would share resources such as marketing materials and customer data. In addition, having multiple locations allows you to take advantage of economies of scale in purchasing, marketing and other areas. When each location buys supplies at bulk rates or hires regional managers to manage their own operations, it means that each branch is able to keep costs down while increasing profitability per location. Finally, having multiple locations gives your customers more ways to find your business — whether they're looking for something online or in person. [/QUOTE]
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How setting up many business branches increases profitability
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