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You've worked hard, and your small business is flourishing. What's next? For many entrepreneurs, the answer is to expand their businesses to multiple locations. Before you take the plunge, you need to make sure you're ready to start scaling to multiple locations.

Types of business premises include: warehouses, manufacturing plants or storage facilities. retail premises. home offices for home-based businesses. shared commercial offices, hubs or co-working spaces. temporary premises, such as market stalls or pop-up businesses.

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Tips for opening another business location Create a business plan. A business launch and expansion should always include a detailed plan. ... Consider the online alternative. ... Evaluate the market. ... Find your new location. ... Estimate inventory needs. ... Secure your cash flow. ... Evaluate the competition. ... Record your processes.

As I mentioned earlier, one option for running multiple businesses under a single LLC is to set up DBAs (fictitious names) for additional lines of business or locations. Different government agencies have different names for their form to file a DBA.

To replicate the success that led to your multi-entity business, you need to make sure all processes, procedures and policies are standardized from one location to the next. This includes everything from workplace conduct policies to the financial processes your accounting teams use to reconcile accounts.

Go where there is demand Look for areas where your product or service is in high demand or where your competition is fairly low. If at all possible, you'll want to expand to a location where the other businesses on the block are complementary, to ensure your business fits into the local market.

Your business location determines the taxes, zoning laws, and regulations your business will be subject to. You'll need to make a strategic decision about which state, city, and neighborhood you choose to start your business in.