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