Estimating Expenses for a New Location

Estimating Expenses for a New Location

Businesses often massively underestimate the costs of a new location. Once they’ve made the major investment to open the location, they find out it’s much less profitable than they thought. Is there a way to better project expenses for a new location? In this video, I’ll:

 - Identify sources of information for new locations (some of which are free and available to the public)

 - Explain how to project complex staffing costs

 - Recommend how to reflect expenses of the new location and the cost impacts on the rest of the company.

 - Point out both direct and indirect marketing costs that need to be modeled

 - Reveal the one major expense line item that every new location projection needs that’s often forgotten

This video comes from my Analyzing Whether to Add New Locations Course at

Success message!
Warning message!
Error message!