US Business News

Essential Tips for Managing Multi-Location Businesses

Essential Tips for Managing Multi-Location Businesses
Photo: Unsplash.com

By: Jacob Maslow

Running a business can be very difficult. Even more difficult is managing multiple separate locations. Many business owners simply end up getting burned out trying to tackle such a big operation. However, there are things you can do to make operating multiple business locations much easier. Below are suggestions for doing just that.

Invest Into a Franchise

One idea that has certainly worked for many entrepreneurs is investing in a franchise business. As a franchisee, most of the hard work of developing the products and brand has already been completed for you by the franchiser. This can allow you to run multiple locations within a region of the country without having to worry about things like the expense of marketing since your brand will already be well known by consumers.

Use a Franchise Supplier

Along with your franchise business, you should also invest in a franchise supply network. Doing so can give you access to a network that can supply the goods you need to run your business on a day-to-day basis. It can also give you access to significant price discounts you would not be able to obtain otherwise.

Perform the Necessary Market Research

One of the difficulties of expanding your business into new locations is not having a clear picture of the preferences and needs of consumers in other cities, towns, or regions. This is where market research comes into play. You should spend some time learning about the demographics, customer preferences, competition, and more in a region before starting a new location.

Open Up the Lines of Communication

One of the biggest problems with multiple locations is a lack of communication. There should be clear and reciprocal communication between every location and your company headquarters. The ability to communicate between different locations should also be encouraged. That way, concerns are shared and problems are solved instead of ignored.

Standardize Your Systems and Products

One thing that can confuse consumers is when they receive completely different services and products at different locations of the same business. While there can be minor differences allowed due to regional preferences, overall, your goal should be complete uniformity in terms of service, product, and quality. This way, customers will know what they will be getting at any location.

Don’t Be Afraid to Delegate Responsibility

One of the biggest dangers of managing multiple locations as a business owner is burnout. You have to be realistic and learn to delegate. You can’t directly manage every location yourself. Instead, you must recruit and retain the talent you need to do the job for you. Keep those managers on a short leash in regards to your standards of quality, but allow them enough autonomy to do the job on their own.

Overall, running multiple locations of a business can be quite hard. You may consider these tips above to make the job easier if you can. Although it can be difficult, finding success for multiple locations is how most large national and multinational chains started out. Give it your all.

 

Published By: Aize Perez

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