Once you’ve got the business set up and running smoothly, you can carry on as you are. But, given that you’ve been driven to achieve what you have, you’re not likely to stop there. Your options, if you don’t want to tread water, are
1.To open up extra outlets to expand the business or
2.To offer franchises to others to take on the business format or
3.To fine-tune the business to earn more
It would be stupid to think that a business’s income could be doubled simply by opening a second outlet, but the move could provide an opportunity to enter a new market and provide a source of additional income, so it should not be discounted.
The process of opening additional ...