Profit Soup — page 2

9 tips are provided for planning in an uncertain future, with examples from various businesses affected by the COVID-19 pandemic.

Picture yourself driving down a curvy road at night with a dirty windshield.

Franchisees should consider multi-unit expansion for business growth, setting long-term goals and expansion schedules for increased value and profitability.

Growing through multi-unit ownership seems like a no-brainer for franchisors and franchisees alike.

Five key capabilities are essential for multi-unit success, including maintaining scalable systems, screening and training employees, leading the enterprise, understanding financial drivers, and managing financial risks and rewards.

Business owners can benefit from sharing financial information with staff to increase transparency and understanding.

Franchisors are often not forthright about resale territory reduction, which can harm buyers and sellers in the franchising process.

ROBS funding helps entrepreneurs use retirement funds to grow their business.

Wild Birds Unlimited holds annual Enterprise Leadership Conference to share ideas, learn about new initiatives, and connect personally within its franchise system.