If your franchise business isn’t adequately providing for your needs or is, in fact, taking more away from you, it is never too late to make the necessary changes. No matter what stage you’re at, it is always a good time to get clarity over your numbers and adjust your business model to make it work for you.
A common mistake I see when people are looking for more money is that they go straight to trying to increase their number of client leads. By default, and lack of business education, lead generation is where most business owners consider they can make the most significant difference in their business profits. They think that if they have more customers, surely, they will make more money. Not necessarily. This is usually the last place I recommend focusing on because it generally costs money to generate more leads, and it doesn’t guarantee a higher profit in the business.
If you know you need to increase your revenue but not sure how here are my top 3 ways to build your revenue: