Franchising is another excellent form of business expansion. Unlike when you branch out, where you have to invest in a new location, franchisees do all the work. They are highly motivated to perform well, fostering faster growth for a franchisor’s business. There are about 773,603 franchise establishments in the U.S., according to the 2019 Statista data.
Scaling Your Auto Repair Business this 2021. Here’s How to Do It. Your business might have suffered a slump last year due to the pandemic. You experienced a huge profit loss. It was a struggled to pay your bills. Some of your employees lost their job. Worst, you had to retire even your most loyal
Many traditional food businesses have closed as a result of harsh quarantine lockdowns in many states. These businesses have failed to survive due to the lack of sales. But it wasn’t entirely their fault because no one knew this would happen. Food sales have plummeted by a staggering $240 billion, and millions of people in the
Businesses shell out a significant amount of their regular budget to market products and services to various audiences. Marketing strategies reach out externally: tapping into markets that are potential customers to boost sales. But one often neglected strategy requires looking inside company structures, and that is paying attention to employees. Having a satisfied employee base
A newly launched beauty brand faces tough challenges in keeping itself distinct from competitors, especially in today’s beauty landscape. The $532-billion industry may have been, as all industries have been, adversely affected by the COVID-19 pandemic, but it has proven its resilience through the years. The pandemic has all but emphasized the race towards product