Growing your business can be a time-consuming process, but here are five steps you can take this week to put yourself on the track to expansion.
Monday: Analyze Your Current Situation
Spend some time analyzing where your business is now. This can include reviewing your bottom-line profit over the last several years, as well as looking into the future to ensure your business will continue to produce the revenue you need to sustain growth. Think about where you want to be in three years.
Tuesday: Decide Where You Want to Go
Decide where you want your business to grow. Are you looking to build out your existing location by adding more space? Do you want to open a new store in another market? Additionally, consider if your existing employee base and your distributors — among other partners — can support the expansion.