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Listen "EP11: 3 Mistakes When Opening New Business Locations"
Episode Synopsis
In our latest series, "Millionaire Mindset of Multi-Location Operators," the Simple Profit Podcast, led by host Tu Le, delves into the key traits of successful multi-location business operators. Tu explores the strategic mindset needed for scalable success, focusing on the delicate balance between being well-prepared and seizing growth opportunities. This episode gives insight into how understanding both customer and staff demand is crucial for planned expansion. Highlighting the importance of maximizing current operations before branching out, Tu offers valuable lessons for anyone looking to grow their business.
Timestamps
01:18 Getting too excited to expand
03:55 Wrong staff, right place
05:31 The Litmus Test: Customer and Staff Demand
06:36 Expansion Sign: Fully Booked Classes
06:51 Expansion Sign: Full Lobby
07:32 Expansion Sign Word of Mouth Without Ads
10:05 Staff Desire to Grow
11:05 The Thought Experiment for Expansion
15:12 Mistake: Multiplying before Maximizing
For more tools to efficiently manage your business, check out MyStudio's powerful membership management software at www.mystudio.io.
Timestamps
01:18 Getting too excited to expand
03:55 Wrong staff, right place
05:31 The Litmus Test: Customer and Staff Demand
06:36 Expansion Sign: Fully Booked Classes
06:51 Expansion Sign: Full Lobby
07:32 Expansion Sign Word of Mouth Without Ads
10:05 Staff Desire to Grow
11:05 The Thought Experiment for Expansion
15:12 Mistake: Multiplying before Maximizing
For more tools to efficiently manage your business, check out MyStudio's powerful membership management software at www.mystudio.io.
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