I help professionals transition into business ownership or new careers in the U.S. so they can reach their profit/purpose/passion goals. | 5th Generation Business Owner | #USFranchiseExpert #OwnYourPathForward #BizBuyOwn
Are you looking to scale your business through multi-unit ownership? Dive into the world of semi-passive businesses where you can manage the manager and build your empire. How are you actually scaling that business going from one location to scaling by adding more and more? It's all about the idea of rinsing and repeating. You're essentially taking that general manager that started that first location and if they're very strong, as they should be, you can move them to that second location. Maybe you've promoted somebody from within or found somebody else to take over the role of the unit/location that's already up and running and doing well. Then you go on to the next location, “rinse and repeat,” and onto the next and next by continuing to “rinse and repeat” and you go onto the next. It’s a great way to scale. Oftentimes, you’ll need to purchase the licenses to scale multiple units when you buy into the franchise. If you don’t buy the licenses up front, you risk someone else purchasing your key territories. Keep in mind, you’re typically only purchasing the franchise fees for the subsequent units up front and will likely get a discount if you buy three or more licenses. As the business grows then that general manager who was so strong can be the area manager and so on and so forth. Over time, you probably are spending less time in the business once the business is up and running. If you're interested in learning more about these kinds of models, I'd love to talk to you about it. Come to my question and answer session. Go to www.bizbuyown.com and keep in mind that all my services are always free of cost to you. #ownyourpathforward #MultiUnitOwnership #ScaleYourBusiness #SemiPassiveSuccess
