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Hi all.
So Im in the beauty business and opend my gates to my first, own clinic 1st of February.
Demand has been through the roof and we have been fully booked from day 1 and I will hire my second emplyee this week and my third during the summer.
My plan has always been to expand but Im unsure when.
I have already started to look for other locals in other cities and have found a couple that is very interesting. Due to covid, a lot of comercial properties with AAA location is now avaliable so I am thinking of opening the second clinic before the world bounces back and I will loose the opportunity to get the super attractive locations.
I am however worried that the expansion will be too agressive and I grow too fast due to my own inexperience of handling a new business, let alone 2. So far however, everything is going very smooth. Almost too smoth.
It will also double my staff and double my problem so that is a factor I will have to take into consideration.
So has anyone been in a similar situation of expanding a second business?
The way I see it. The 1st on is the absolute hardest. 2nd one is hard, then you know what to to and 3+ will be easy.
So Im in the beauty business and opend my gates to my first, own clinic 1st of February.
Demand has been through the roof and we have been fully booked from day 1 and I will hire my second emplyee this week and my third during the summer.
My plan has always been to expand but Im unsure when.
I have already started to look for other locals in other cities and have found a couple that is very interesting. Due to covid, a lot of comercial properties with AAA location is now avaliable so I am thinking of opening the second clinic before the world bounces back and I will loose the opportunity to get the super attractive locations.
I am however worried that the expansion will be too agressive and I grow too fast due to my own inexperience of handling a new business, let alone 2. So far however, everything is going very smooth. Almost too smoth.
It will also double my staff and double my problem so that is a factor I will have to take into consideration.
So has anyone been in a similar situation of expanding a second business?
The way I see it. The 1st on is the absolute hardest. 2nd one is hard, then you know what to to and 3+ will be easy.
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