Strategies for Small Businesses Looking to Expand

Strategies for Small Businesses Looking to Expand

There are so many great things about being a small business; the close-knit working environment, adding to your local economy, seeing your vision come to life and thrive. And the ultimate goal, of course – to eventually grow into a bigger venture, whether it means buying commercial land to build on or leasing local office space to grow into. The thing is, though, you’ve got to have the right small business growth strategies if you want your business to expand in a stable way that sets you up for long-lasting success.

The best way to ensure your company expansion goes smoothly? Consulting a commercial real estate broker at a comprehensive commercial real estate development company that has a long history of helping businesses grow and prosper in the region: a comprehensive commercial real estate company who understands every facet of commercial and industrial realty – from land development to financing, commercial leases to commercial construction services, and more. Let’s run a couple examples of business growth strategies that can help a small business reach their growth goals.

Small Business Expansion via New Commercial or Industrial Builds

Okay, so, say your business manufactures a product of some sort, and you need a larger production facility to accommodate your growth. You’re looking for Cincinnati area commercial property for lease or sale. You intend to build a new facility, but you’re also open to retro-fitting an existing commercial building for sale if the price, location and current setup is right. This is where your commercial real estate agent should become a key player in your plan; they’re going to give you the knowledge and experience to help your business grow. They’re going to be able to tell you the market in the area, economic growth projections, projected appreciation of the property you’re looking at, and what kind of capital you need to get your land development project going, or your renovation of an existing space.

Something special to the field of small business growth is its ability to keep ties to its local economy and revitalize it through, say, choosing an old factory or warehouse that’s historic to the town but really needs a makeover. Just the same, though; maybe the best commercial land for sale for your specific project is located in a neighborhood that needs some industry injected into it to add jobs, income and commerce. With small business growth, the best way to expand a business is to create a plan that keeps your local towns and neighborhoods in mind.

Company Expansion via Industrial or Office Space for Lease

Let’s take a different example. Your small business has outgrown its current space, but doesn’t have the capital to outright purchase commercial land and build. Or maybe you just want to test the waters by leasing an existing space that fits your needs because you’re not sure if in a year or two you’ll end up outgrowing that new space as well. A commercial real estate agent from a Cincinnati-based firm that not only sells and leases commercial land, but leases industrial, office and retail spaces is your best option for business growth help in this instance as well. Why? A good firm will have an array of commercial properties for lease and dozens of previous and existing tenants you can use as references. They’ll be able to tailor a lease that works best for your small business expansion, and they’ll be able to provide the renovations or updates you need to move right in and get going.

So What’s the Best Way to Expand my Business?

The answer to this question depends on so many moving parts, which is why your best bet for successful growth is to work closely with a commercial real estate company that offers comprehensive services. We really can’t say it enough. Why not just a commercial real estate agent at any company? A few reasons:

  1. A full service commercial real estate company understands all aspects of (a) small business expansion and (b) commercial leases, land development, brokerage, commercial construction, etc.
  2. This type of commercial real estate firm will have the inventory of different commercial properties you need to ensure you choose the right type, size and location for your small business expansion.
  3. Because of the scope of work and experience a comprehensive firm has in their portfolio, they also have the strong subcontractor and local government relationships to ensure zoning, permitting, land development and construction runs smoothly.
  4. They’ll understand the history and projections of the local economies, what types of businesses will do best where, and how to pinpoint the best strategies to expand your specific business.

The Best Way to Expand Your Business is to Work with a Top Real Estate Development Company

The breadth of knowledge that comes with working with a Cincinnati commercial real estate firm that’s also a commercial land development company and a commercial construction company and a commercial landlord simply cannot be reproduced by working with four separate companies who specialize in each of those fields. Not to mention that this type of firm understands business growth. They are constantly helping small businesses and corporations alike with company expansions, which means they’re constantly navigating their own companies’ expansions, which, in turn, means that they’re constantly helping the local economies to grow. The relationship is symbiotic and reciprocal, making it the safest bet for an effective small business expansion that results in continued growth and lasting success.

Our 80+ years of experience in Southwest Ohio and Northern Kentucky commercial real estate means that we’re poised to help any small business with expansion. Our team of brokers, agents, general contractors and property managers all work and live in local Cincinnati-area communities – we are all invested in seeing this area grow into the powerhouse it can become. We have the resources, experience and drive to help businesses looking to expand to find a clear and stable path towards their future.

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