First branch is profitable, if I open a second branch will business grow, or will I be financially insufficient?

when we opened the 2nd branch, we transferred people from the 1st branch for management. like there was chaos at first because there was no system but then we wrote standards trained staff, it settled in 6 months. but net profit dropped 30% at the start.

opening a second branch = has risk. if you don't have a management system and staff, you'll lose at the start but don't rush, test it.

edit: I wrote something wrong above, sorry about that.

Absolutely. If I were to add anything: Calculate how many months you can survive without revenue then halve that number.

Finding a new customer is more expensive than keeping an existing one.

I'll try it.

Thanks that was the answer I was looking for. honestly calculate this based on total annual cost not the monthly bill.

Correct me if I'm wrong.

Great work. Finding a new customer is more expensive than keeping an existing one.

Hope this helps.

Looking at it as a process, the picture changes. Look where the bucket leaks; pouring water on top doesn't solve it.

The biggest time-waster for us was not knowing who had the final say. That's all, sorry if I went on too long.

Timely topic.

The cheap-looking path usually ends up costing more later. A small market isn't bad; working cheaply in a small market is.

The biggest time-waster for us was not knowing who had the final say. Just leaving this note, it might be useful.

I've been dealing with this for a long time. Start with a small trial; don't commit to everything at once.

If I were you, I'd go this route.

My perspective changed after experiencing that. Everyone rushing into opening a second branch gets stuck at the same point.

Just leaving this note, it might be useful.

Let me speak from the other side; I'm on the supplier side. Hasty decisions become decisions you have to fix six months later.

People defend habits, not processes. Resistance comes from there. That's all, sorry if I went on too long.

There are three things to check when doing this. When making a decision, first look at what data you have on hand.

Proven by experience.

I don't think this advice fits everyone. Everything goes well for the first three months; problems arise in the fourth.

Most time waste accumulates in tasks waiting for approval. Of course, it varies if your situation is different.

My perspective changed after experiencing that. The real issue isn't the number, but what it's based on.

Splitting your budget without knowing where you're losing users is just throwing money in the dark. Hope this helps.

I'd appreciate it if you shared the outcome.

thanks this was very helpful... taking notes for two weeks yields better results than a six-month estimate.

finding a new customer is more expensive than keeping an existing one.

Same here.