Branch Office

By Entrepreneur Staff

Pencil

Branch Office Definition:

A smaller, remotely located office that is separate from a company's corporate headquarters

When you find yourself and your employees traveling frequently to a specific locale, it may be time to consider opening a branch office there. That will reduce the need to travel and greatly improve your coverage of the remote office. For many locations, such as international markets many time zones away, a branch office may be the only feasible way to serve a particular market.

Be careful about opening a large number of branch offices simply to reduce travel time and costs, though. It can cost far more to staff, lease, equip and maintain an office than to conduct numerous business trips. Cost out the alternatives carefully, and only commit when you can find the right location, the right personnel and the right price.

More from Business Expansion

Acquisition

The purchase of one corporation by another, through either the purchase of its shares, or the purchase of its assets

See full definition

Alliances

Joining forces with another company or individual to combine talents or strengths in order to attract more business

See full definition

Franchisable Business

A business that has the potential to be sold as a franchise opportunity, generally having the following characteristics: It is established, offers a unique concept, is teachable and can provide an adequate return to potential franchisees.

See full definition

Branch Office

A smaller, remotely located office that is separate from a company's corporate headquarters

See full definition

Latest Articles

Business News

These Companies Offer the Best Work-Life Balance, According to Employees

The ranking is based on Glassdoor ratings and reviews.

Productivity

6 Habits That Help Successful People Maximize Their Time

There aren't enough hours in the day, but these tips will make them feel slightly more productive.