https://www.sba.gov/business-guide/grow-your-business/expand-new-locations Expand to new locations Once you’re ready to expand, update the marketing plan and confirm that your business is financially prepared. Then, make sure to comply with all laws, rules, and regulations in the new business locations. Content Prepare for a new market Legal steps to expand your business Franchising Prepare for a new market First, update your marketing plan with your new location in mind. Think about your target customer, sales plan, and competitive advantage. Add up any additional marketing and sales costs. Make sure your updated marketing plan is just as thorough as your initial plan. Compare your business to the competition, learn about the local market, and get a sense of the advertising market with SizeUp . Next, review your business finances . Build a forecast that projects estimated costs and estimated revenue for your new locat...
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