Subway, Snap-on Tools, MaidPro, ACTIONCoach. They’re all very different types of businesses with one significant thing in common—they began as small businesses and increased their revenue exponentially by franchising. If you’ve considered how to grow your business by leaps and bounds without starting and running dozens or hundreds of locations yourself, you may have wondered how to franchise a business. In this article, you’ll learn more about what franchising means, how to determine if franchising makes sense for your business, and what’s involved in franchising a business.
Growth and Expansion
There may come a time when you decide to expand your business into an additional area of focus or take an online business to a storefront (or vice versa). Can you run both businesses under your existing LLC? The short answer is, “Yes, you can.” However, you have other options to consider before jumping in and handling things that way. The route you choose can impact you in several ways (including your liability and tax obligations), so it’s critical to do your homework and weigh the pros and cons.
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Wouldn’t it be nice if content marketing was a science? It would mean you could create a plan, follow the steps, and instantly see amazing results. But sadly, content marketing isn’t a science; it’s more like an art. And that means you can do everything right and still not quite achieve the results you were hoping for.
It’s frustrating for startup companies. However, one of the advantages of being a startup is that nothing is quite set in stone just yet. The business is at a stage where processes are flexible and where […]
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