Question

Throughout this course, many discussion opportunities come up where you need to respond to other people's opinions and comments. Respond to your Discussion topic after you have completed your Reading.

Reflection

Discussion Topic: What methods do you think you would use to grow your business? For example, would you franchise or expand on your own? Would you take on more partners? Defend your response.

at least 400 words

Answer 1

Answer

i would like expand my own business. The own business is a mean to diversify the business into different segment .Lets say I got an idea to do a business for example I want to run a company who deals with the sanitzation of homes,building,hospitals,schools etc depending on the current pandemic situation .Now this idea is new and i am sure that it will gain momentum not only during this pandemic or lockdown but from now onwards because this Sanitization is started in this pandemic in almost every country and even a Kid got to know that how much important it is to sanitized thier stuffs . So if i start my business from my city , I can easily expand it to different city with brnches by making proper organizational strategies and then I can spread it to the whole country .If this worked succesfully I would like to expand it Globally .I wpould definitley go for partnership as this can be benficial to me.In the expansion process I will need new and young partner who can expand my vision and controibute thier positive efforts .Also this will be then converted to a branded services .

HAVE A GOOD DAY !