Listen "How to Know When You’re Ready to Expand"
Episode Synopsis
Expansion sounds exciting, but Lauren Fernandez explains why adding locations before you’ve dialed in your model can destroy your business.Takeaways:Avoid expansion until your first unit is fully profitableValidate your model with multiple locations before franchisingUse early expansion to experiment with formats and fine-tune operationsWant to connect directly with industry thought leaders like today’s guest? MAJC has built a community of hospitality professionals, where insights and tools help drive sustainable, profitable businesses. To get early access to the MAJC community, sign up at www.MAJC.ai.
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