Three Signs You Are Ready to Expand Your Business

 

Expand Your Business pic

Expand Your Business
Image: investopedia.com

International business leader Levon Termendzhyan has been working in the gas, oil, and energy industries for several decades. The equity owner of Viscon International and Viscon USA, he began his entrepreneurial career by leasing gas stations as a teen. Since then, Levon Termendzhyan has owned several gas stations in Southern California and has expanded his family business to include several fuel delivery trucks and diesel truck stops throughout the area.

Many entrepreneurs struggle with figuring out when to expand their business. If expansion happens too early, the business might fail; expand too late and the demand may be gone. The following are several signs to help entrepreneurs recognize when to grow their company:

A Loyal Customer Base

When customers repeatedly return to purchase from the same company, it shows that there is a continual demand for the company’s services or products. This demand keeps businesses running as they attempt to expand. Additionally, it demonstrates that there is enough demand to support another location.

Strong Team of Employees

Expanding a business means employees must take on new challenges and more work. Due to this, they must be capable of handling the increased pressure. A weak team can lead to the ultimate failure of a company expansion, regardless of whether the business has a lot of sales or customers.

Cash Flow is Positive and Steady

Sales alone aren’t enough to determine whether it’s time to expand a business but cash flow is. Positive cash flow means a company is making a lot of sales and getting paid on time. It is also is a sign that business leaders are managing their cash flow properly. This is essential for ensuring a business has the financial support it needs to grow.

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What is LNG?

LNG pic

LNG
Image: shell.com

Levon Termendzhyan, a titan in the energy, oil, and gas industries, divides his time between leading Viscon USA and Viscon International as equity owner and operating several commercial properties and truck stops in Southern California. Beyond that, Levon Termendzhyan is connected to two large oil companies in the United States and is tied to the liquefied natural gas (LNG) industry.

The cost of constructing and maintaining a natural gas pipeline is not always practical for some areas. Instead, these areas get their natural gas in the form of LNG. This clear, non-toxic liquid is created by cooling natural gas to about -260 degrees Fahrenheit. When cooled, the volume of the gas shrinks significantly. Thanks to this smaller state, transporting LNG is safer and easier. Further, gas in its liquid state with not ignite.

Once liquefied, gas is transported by various methods, including buses, ships, and trucks. However, the most common method of transporting LNG is using a large ship, also known as a tanker. These ships have super-cooler cryogenic tanks that contain the liquefied gas, allowing fuel delivery between international terminals. After delivery, the fuel is usually re-gasified, which returns it to its normal gaseous state.