When are you supposed to open a branch for your business?

[Activator230822]

Personally I have seen most entrepreneurs opening new branches for the existing businesses any howly. This actually costs their business in the sense that; They make wrong decisions. A business must be in a position to run its operations in a smooth way. In this sense the business must be able to pay its operational costs like: rental fees, electricity, water, internet fees, website hosting, and the salaries for the workers without any problems or constraints.
So when the business reaches this stage we can say that the business has a good working environment. So the business must stay in this stage for long may be five years and above before the proprietor can think of opening another branch.

 

[Augusta]

This is like different strokes for different folks if one can run two businesses smoothly and successfully and I don't think there's any problem with that so starting a new business despite an old one that is not really established to me isn't a bad idea if you can run them concurrently and you're sure you can make a good turnaround for the two businesses that there's no problem at all

let one that can run the two businesses do provided at the end of the day the aims and the objective is achieved. it's always good to have that skills that you are also managing the business.

so a business that is believed that to stand the test of time should be expanded to a large and msnsge on time if one can manage two busineses. So I don't see anything wrong with you one expanding the business.

 

[Suba]

To open a branch business, of course, you must have planned it carefully, including making an estimate of the required capital, estimated expenses and income for the new branch and business risks. and of course you also need to research the location whether it will suit your branch business, prepare new strategies and innovations. So basically you have to have a clear goal to open a branch business in a new place/city as you can meet the demands of more and more customers, and create new markets. Before opening a new branch business, you also have to make sure that the main business has been running smoothly and has been stable. Make sure when allocating costs and capital to a new branch business, the main business does not sway or is financially disturbed. Finally, do promotions effectively and the easiest way is to notify all customers that a new branch of business will be opened, either via Whatsapp, social media or verbally.

 

[Augusta]

Having a branch for a business is part of expanding the business so as such it is always good to think about having a branch for a business especially for a successful one that can stand the test of time.

it is good to expand it and make other people in other places to be aware of the business. This way you are doing the business more outstanding and more popular.

So the right time to have a branch for a business is when you are successfully managing the headquarter and want to extend or expand a business so that target market somewhere else can benefit from the business. Having a branch will always help the main business to be sustainable because as you're building the branch you're also helping the headquarter to grow the more people get to know about the business, the more people with patronize the business and more developments for the business.

 

[Chibson]

There are a lot of things you need to put into consideration before you open branches for your business. First of all you need to make sure that you are making enough profit from your business venture before you will try to open a branch because opening a branch comes with a lot of responsibilities and you will have to employ much more people.

So you must be ready physically and mentally for you to be able to run the business successfully. It is also important and necessary for your business to reach some period of time before you can be able to open up a branch in order to make the business a very successful one.

Another important thing you need to do when you want to open a branch for your business is that you need to employ someone who is very competitive as a manager who will be running it.