How do you decide which opportunity for expansion is good and which one is not for you? If you are in business you will get offers to open a location in many different contexts but when you are knee deep in operating your first store it can be challenging to see the next step clearly.
Today we are getting the perspective of one entrepreneur who is expanding to a second location within the first year of opening his first shop. Kyle Wells is the co-owner of Torpedo Coffeein Denver, CO and a past Founder Fridayguest. I wanted to bring Kyle back to give us insight into his own process of accessing opportunities and making the decision to say yes to one of many the have been made since opening.
Kyle and his wife Falene are are true entrepreneurs and Kyle communicates very clearly and with a balanced perspective about that life and in this interview he lays out a lot of very useful information that you can use to help you on your own journey
In the conversation you will learn:
- How this opportunity won Kyle over
- The signs that you are ready to say yes to expanding
- How to prepare yourself for the added responsibility
- How to prepare you team and invest into the current culture
- The importance of delegation, systems, and trust
- The importance of working “on” your business not “in” it
- Kyles advice for how to assess opportunity
Links:
Founder Friday w/ Kyle Wells “Before and After”
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