Are you satisfied with your business current progress? Do you want to expand your business? But don’t know where to start from?
Well, this is the perfect blog for you to read.
We’ve written blogs on how to startup successfully. Now, as your business gets on track, you have returning customer, your customer pool also is growing bigger and bigger. It may be a time to think of expanding your business.
Identify your business Strength
First, identify what in your business that attracted your customers. Every business is unique in some way or another. Hence, identify the unique quality your business have is important as when you expand, you need to make sure all your branches obtain and follow this quality. This can ensure your business continue to attract more customers when expanding.
Optimize your strength
After identifying your business strength, you need to optimize it by selecting appropriate location for your business branches. Different places in Malaysia may have slightly different culture. Hence, merging your business strength to the location’s culture is very important to make sure your business stays attractive to people of different area.
Get systemized
Get your business’ financial sorted. You may still be using manual accounting procedures or just using an accounting software minimally or only for Tax declaration purpose? Most accounting software will be able to support your basic business operation including invoicing, inventory, point of sales, job order and etc. You will need to start subscribing to an accounting software reduce cost on manpower for your business daily operation. In addition, you can benefit from a cloud accounting the most, allowing your business financial to be at your finger tip.
With a system, you can also reduce the cost on manpower and time to record your business daily operation. All are in the system.
Monitor your branches from time to time
When expanding your business, it is important to keep your business quality and principles alike throughout branches to ensure brand consistency and familiarity among customers. Therefore, it is important to always set aside time and effort to monitor your branches frequently.
A good accounting software will be able to help you to monitor your branches daily operation by just a few clicks. You can do so by using a cloud accounting software.
Use an expansion-friendly software
A good accounting software will not only be able to support your daily business operation, it can also support your business expansion. You need software that is able to categorize all your transactions accordingly. By categorizing, meaning, you can generate reports (e.g. balance sheet, profit and loss, cash flow statement) based on the categories. Best if you can compare them side by side.
Besides, you will also need software that is able to keep track of your inventory according to locations as you will have branches in different location and your stocks will most probably be scattered to these branches. With a good software, you will be able to easily monitor stocks in all your branches.
Let TreezSoft help you with your expansion
TreezSoft is a expansion-friendly cloud accounting software as you can easily keep track of all your branches' account and inventory all in one system. TreezSoft allow you to categorize all your transactions according to location, events, or anything that you need easily by our tagging function. You simply just have to tag each of your transaction to their respective tags and you can easily generate reports according to tags and compare all your transactions according to category. In such way, you can easily monitor your branches performance too.
In addition, TreezSoft location function allows you to record your inventories according to locations. Your inventory can be automatically updated when items are sold or purchased when entered invoice by stock item as well.
Cloud based also means that your records are all updated automatically throughout your account in TreezSoft. You can also access your accounts anytime, anywhere, reducing your time and effort when monitoring your branches.
TreezSoft always envision that our clients will expand their business and thus, TreezSoft is ever ready to support your business expansion.
So, are you still hesitating to expand your business? Sign up with TreezSoft now and get your first step sorted. Be bold to step out the first step to grab the business opportunity NOW OR NEVER!
