Summary

You have now learned the 7 strategies for successful expansion. Remember:

1. A Home Office works best if your executive will spend from 4 to 4 1/2 days a week at client sites or on the road.
2. Consider Hoteling if your executive needs access to the full range of corporate capabilities.
3. An Executive Suite makes a statement to your clients that your organization is committed to the local market.
4. Look at Traditional Office Space when you need to house eight or more people, and are ready to make a long term commitment to the marketplace.
5. Keep your terms flexible.
6. Add up all of the costs, including secretarial support, then compare the bottom line.
7. Choose a central location.