I can’t stop myself from sharing with you my views about growth of your business. To me a business growing arithmetically (1,2,3,4,5,6,7,8,9,10) is dull, boring. An enterprise should grow geometrically (1,2,4,8,16,32,64,128,256,512) for the entrepreneur to take pride, relish the comforts, expand globally. If you can’t double turnover and profits in 365 days, do the SWOT, introspect and hire a consultant.
I am sure you know success stories of Standard Oil; Virgin Airlines; Amazon; Facebook; Reliance; Google; Ford; Sony; Toyota; WalMart; Microsoft; IKEA; Apple; McDonald; Deccan Air; Hathway; Arcelor; Disney; Versace; Fox; Dell; thousands of them worldwide, role models for all. They started small, thought big, some had failures, but grew due to their targeted growth plans.
Fastest business growth comes from network or multi level marketing. MLM is basically for individuals, needs many years of hard work to show results. Next best and trusted is franchise model. Anything on earth can be franchised. If it has trade mark, technology patent, good quality, USPs, packaged well, lab test reports, user’s instructions, contents, accreditations, advantages, POPs, POSs, is promoted under advice of an expert.
Rule of franchise is that franchisor should open one or more outlets of his own, run as independent profit center for one year, makes ROI report, presentation, finds right partners, trains them perfect, transfers all expertise, helps in branding, marketing and ensures that franchise exceeds promised profits. After first success, be prepared for unprecedented growth. Franchise fails because of selecting wrong partners, false promises, lesser profits for partners, more for franchisor, poor promotions, bad locations, incompetent staff etc.