Selecting the location for business expansion is important.
Study the competitors and decide your location around potential customers.
It is also important to check the capabilities of current employees.
(2).Check what you currently have (Employee, equipment, finances)
To know if they would perform efficiently during this stage.
If you decide on expanding/growing your business
it is also important to consider the local community to know if there is unmet demand and then start working towards.
Conducting research of the market to know about your competitors.
And if there is something missing in the market that your business or products can fulfil is also necessary.
Having proper finance is very important for small business growth or expansion.
It can be done in two ways either with a business loan or with equity finance.