Ever wonder if it’s time to grow your business? Wouldn’t it be nice if you could just wave a wand and it would get done? So how about if we walk through some ideas as to what you might want to consider regarding opening your next office.
Usually the first question that needs to be answered is how you know when it’s time to open your next office. I believe that your first thought needs to be whether or not you have totally maxed out your existing market penetration of the geographic area that you are servicing. You need to know how many structures are in your area, both commercial and residential. You might want to also consider breaking this down into two lists: a residential list and a commercial list. Then, go into your list of past jobs, by year, and count how many jobs you did in each year. The point being that you have the data that will tell you exactly what you need to consider doing in the future. Once you have the data to review, you need to determine answers to the following questions: