The Real Cost of Opening a Second Business Location

Built to Lead with Jory Evans: Tactical Business Advice, Practical Leadership Principles

You've built a successful business, but now you're staring at the opportunity to expand to a second location - and you're terrified. The statistics are brutal: most second locations fail, draining cash flow and destroying everything you've worked to build. You lie awake wondering if you're about to make the biggest mistake of your entrepreneurial life.

But imagine walking into your thriving second location one year later, watching your handpicked team serve customers while your original business continues to flourish. You're no longer trapped in one location - you've multiplied your impact and created something that works without you being there every day.

In this episode, Kelly Weiers, CEO of Granite Rocks, reveals exactly how he navigated the three biggest obstacles to expansion and built a successful multi-location business by knowing when to wait and when to move. Kelly shares his journey from cabinet maker to successful entrepreneur and the real challenges of expanding to a second location in British Columbia. He discusses the importance of waiting for the right timing, working through banking obstacles, and recognizing when opportunities align for business growth.

Discover the practical insights every entrepreneur needs before expanding to multiple locations, including how to find the right people, secure financing when banks say no, and balance faith with action in critical business decisions.