Should You Open A New Location Or Grow The One You Have?
Manage episode 491806140 series 3484351
Every ambitious entrepreneur hits a moment where expansion seems like the next logical step—open a second location, add a new market, or chase the high of builder mode.
But before you double your overhead and divide your attention, ask yourself: is it really time?
In this episode of the Maven Marketing Podcast, Brandon and Caleb walk through the 5 essential filters every business owner must run their growth plans through.
From market share math to hiring realities, this is the gut-check episode to protect your business from scaling mistakes—and help you grow with clarity.
In this episode:
- Why hitting 10% market share changes the rules
- The #1 thing most entrepreneurs underestimate when expanding
- Real-world math for calculating your market share
- How to assess bandwidth, competition, people, and processes
- When marketing spend can accelerate—or sabotage—your growth
- The one question to ask yourself before saying yes
Expansion is sexy. But strategy is smarter.
🎯 For entrepreneurs wanting to grow without wasting money, join the Maven Marketing Mastermind → https://www.mavenmethodtraining.com
Our Website: https://frankandmaven.com/
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LinkedIn: https://www.linkedin.com/company/frank-and-maven/
Host: Brandon Welch
Co-Host: Caleb Agee
Executive Producer: Carter Breaux
Audio/Video Producer: Nate the Camera Guy
Do you have a marketing problem you'd like us to help solve? Send it to [email protected]!
Get a copy of our Best-Selling Book, The Maven Marketer Here: https://a.co/d/1clpm8a
챕터
1. Should You Open A New Location Or Grow The One You Have? (00:00:00)
2. Maven Marketing Podcast Introduction (00:00:06)
3. The Expansion Question for Entrepreneurs (00:01:21)
4. Market Share: Are You a Big Fish? (00:02:54)
5. Competitive Landscape Assessment (00:09:00)
6. Your Bandwidth for Builder Mode (00:11:42)
7. Systems, Processes and People (00:15:19)
8. Budget: Fueling the New Location (00:17:10)
9. Recap and Final Thoughts (00:22:29)
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