Brothers Dan and Don started a dumpster rental business that has proven to be successful. Now they are pondering the idea of expanding the business to include more business owners to increase their profits. What option might they consider?
One option that Dan and Don might consider is franchising their dumpster rental business. This would involve selling the rights to other business owners who would then operate their own dumpsters under the same brand and business model. Franchising can be an effective way to scale a business quickly and increase profits, as the initial investment would come from the franchisees, allowing for growth without significant financial burden on the brothers. Additionally, by expanding through franchising, Dan and Don could benefit from the collective efforts and expertise of multiple business owners, which could further enhance the success of their dumpster rental business.
