Tag: business expansion

Just when you thought your travel budget was sorted for 2025, new corporate travel trends data from our Consulting Q3 2024 Business Travel Report might have you reaching for your calculator. Here's why. Business class fares are jumping, and flights are packed. Travel managers are facing tough conversations about rising costs.

So, your idea has taken off and is wildly successful. Next step is to franchise it and make some serious money, right? Not so fast: while the franchising model can be applied to almost any industry, not all businesses are ‘franchisable’. The first step to building a successful franchise is having a concept that has been growing well as a freestanding business, and being able to understand how the business operates and what is at the root of its success.

The prospect of expanding your business to a second location might be an enticing opportunity for growth. But it’s a decision you shouldn’t take lightly. Careful planning, critical analysis, and data-informed execution are essential to ensuring your new location’s success.