When business is going well, expansion is the logical next step. You can increase revenue and grow your brand by opening additional locations.
But expansion can also be risky. There is no guarantee your new location will be as successful as the original. And it can put a hamper on your entire business if it suffers. This worry is often enough to prevent business owners who are ready to expand from taking the chance.
The key to successful expansion is to first consider if your business is truly ready. If you determine you are, you can then make more detailed plans. But you should first ask yourself the follow questions:

