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Strategies to Transform Your Small Business into A Large One

Strategy Driven

First of all, you must identify a pressing need through customer interaction, employee brainstorming, and personal research. Consider franchising. Research reveals that 80% of McDonald’s locations are franchises. Research reveals that 80% of McDonald’s locations are franchises.

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The Ultimate Guide to Starting Your Own Small Business

Strategy Driven

If you’re hesitant to start a business, you can consider opening a franchise. The business model, brand following and concept are already taken care of; all you need is funding and a good location. Brainstorm your company name. Brainstorm ideas with your team or search business name ideas on the web.

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Great Innovators Create the Future, Manage the Present, and Selectively Forget the Past

Harvard Business Review

The three-box framework has challenged us to redesign the planning process, which would allow us to brainstorm Box 2 and Box 3 nonlinear initiatives in addition to undertaking Box 1 operational excellence initiatives. In other words, the business models, products, and services you create in Box 3 will at some point become your new Box 1.