Scaling your business can be a great way to increase your revenue growth without excessive investment. Scalability refers to the capacity to expand a company and increase revenue without dedicating unnecessary time and resources or disrupting day-to-day operations. Implementing a strategy to expand across locations allows you to boost profits and recognition.
More and more businesses are scaling into new markets and cities but there are a few aspects to consider before you decide if it’s right for your business. What would you gain from this strategy? And what do you need to achieve it? Let’s take a closer look.
SmartSpace Software Plc (LON:SMRT) is focused on technologies that make real estate more efficient and organisations more effective. They provide leading smart workplace software and technology to the commercial workplace, retail and hospitality real estate sectors.