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How to turn a small enterprise into a franchise business

Franchising can allow you to generate profits faster and expand your reach to more areas than you could, using your own resources.

5 -min read
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SO YOU have a successful small business. Your customers love your product or service and your business systems run efficiently and profitably. Your brand is becoming well recognised, laying down a strong challenge to your competition.

Now the time has come to expand your business. But what is the best way to grow?

The obvious choice is to just do more of the same - increase your capacity and employ more staff. Using this organic business growth model, you slowly add more customers or get more from each customer.

Another option is to look for a merger or an acquisition to turbo- charge your growth. Inorganic growth such as this can work well, if you have access to the funds or the finance to achieve...

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