Some businesses are built for expansion, others are not.
A franchise is an example of a business model that’s scalable. Once a franchisor fine tunes the business systems to enable one outlet or unit to be both profitable and repeatable, it is said to be scalable.
After several years working in a business, many owners discover that their venture simply won’t scale up. Owner operated businesses often aren’t scalable because, in the mind of customers, the owner is the business. For this type of business, one owner will always equal one business.
The following six tips are for business owners who are thinking about scaling up. Continue reading Business Expansion Is Not For The Faint Of Heart
At times I hear entrepreneurs say they can’t find money to start or grow their businesses. I don’t buy it. There is always money available for great business ideas.
Successful business owners make running a business look easy. Observing from the outside, it’s easy to imagine that they harvest massive rewards with little or no effort. That is just one of many misconceptions about owning your own business. Here are a few more:
After years of getting cuffed around in the marketplace, it is my pleasure to share these foolproof strategies. No matter how well you are doing today, the following methods are sure to drive your small business into the ground.