Referring to entities that have a presence in multiple spaces or geographies, multi-location businesses have become increasingly popular in recent years. Multi-location business can prove to be a vital parameter that can make or break your business when it comes to the current-day corporate sphere.
It covers a large area of versatility regarding the kind of businesses it affects.
But it is even more versatile when it comes to the types of approaches and solutions that are nowadays available to ace a business falling under its category. That is exactly what we will unravel in the following read.
One of the main factors or fortes that leads a multi-located business to an effective growth rate is its communication methods. From a basic EPABX system – digital epabx system to modern technology marvels such as a VoIP GSM gateway, a lot of products are available today in the market to help professionals accentuate their corporate conveyance.
Nonetheless, before that let us start with understanding the very need of any enterprise to transform into a multi-located business along with the pros and cons of the same.
Why do Businesses Opt for Multi-locations?
Expanding business reach is a primary reason why companies choose to establish multiple locations. By operating in different areas, businesses can tap into diverse target audiences, catering to various cultures, geographies, and consumer patterns.
Furthermore, being a multi-location enterprise reduces the risk associated with relying solely on a single market area. Some companies also venture into different portfolios of business as part of their expansion strategy. Regardless of the motive, the common objective driving corporates towards a multi-location portfolio is business growth.
Another aspect of it is being a parent company and venturing into diverse portfolios of business.
Whatever the reason might be, the basic motive that drives corporates to a multi-location portfolio is business expansion in one form or another.
To excel as a multi-location business, it is essential to approach it as a collection of well-executed smaller operations rather than one massive endeavor. Like any other entrepreneurial endeavor, multi-location branches come with risks and rewards. Expensive expansion procedures are one of the downsides of multi-location businesses.
However, by targeting and addressing five common pain areas, businesses can increase their chances of success.
Five common pain areas to target and relieve for succeeding in running a multi-location business:
1. Proper Resource and Team Management
2. Maintaining Cohesiveness Across Locations
3. Developing a Strong Security Foundation
4. Managing the Quality v/s Quantity Workload Ratio
5. Pushing Through the Initial Errors and Faults
All of this is achievable to the best of its ability, with one core parameter done right – communication. Reliable business communication ensures that each of the above-given activities is performed efficiently. A strong communication architecture brings to your enterprise the services required for pitch-perfect corporate management.
It comprehensively helps in maintaining a sacrosanct business approach across all your locations. This makes sure that there is no gap between the management and the new teams. The professional communication that comes along with employing such a solution brings ease to complex corporate methods. Encasing full-proof connectivity, unified communications are not only future-ready but also cost-effective due to their capacity to bridge legacy networks and equipment to the new-age ones, most prominent to be installed at the new expansions.
Today with a world full of varied platforms to help you with that, industry specialists suggest opting for the secure ones, pertaining to business privacy issues. The most recommended ones include – UC solutions, IP solutions, Hybrid IP-PBXs, and much more.
As experts recommend, professionals should choose solutions that are future-proof and hassle-free, for managing a vital communication link for a multi-location business.
The modern corporate sphere is swiftly moving towards cloud-based solutions as well as hybrid IP-PBXs for the same. Server-based PBXs or cloud-based solutions ensure an adequate number of users along with providing advanced communication without much hardware investment.
While these pure IP-based solutions are advantageous in one way, hybrid IP-PBXs allow your enterprise to retain your legacy equipment and thus protect your current investment. They also give you a free pass to switch between networks and types of equipment whenever and wherever you require, all while elevating the existing methods with unified communication, low-cost VoIP telephony, and much more.
In summary, finding and implementing the right communication channels is crucial for the success of a multi-location business. By adopting the appropriate solutions, businesses can navigate the initial stages and sustainably thrive.
To gain more insights and to address your multi-location business communication challenges, consider scheduling a detailed session with an Industry Expert!