Insights by
Scott Florini
Senior Vice President of Strategy
Industries
Financial
Retail
Hospitality
Expertise
Workplaces
Prototypes
Rollouts
Renovations
Are you looking to quickly expand your business into a new market?
GOOD NEWS: National growth trends were up in 2023 from years prior, so the opportunities for expansion are ripe. But don’t rush into a new market mindlessly. Make sure you set realistic expectations for your expansion plans and leverage the right data, so you break into the right markets instead of the wrong ones.
Download
”While NewGround’s complete data-evaluation process includes some proprietary steps and insights, annual census data is a great place to start if you’re looking for new markets for quick expansion.”
Many thriving business leaders set their sights on quick expansion for their financial industry, retail, or hospitality ventures.
Our Strategy Team at NewGround has helped many businesses identify expansion opportunities and “act fast” on them, although “fast” is a relative metric that needs a clear definition (more on that later).