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?

Question

A. Hire managers to run operations
B. Trademark the business
C. Establish franchises
D. Rent the dumpsters to landlords

Answer 1

The best option for Dan and Don to consider for expanding their business to include more business owners and increase profits would be C. Establish franchises.

Franchising would allow them to expand their brand and services by having other business owners operate under their established business model, while also sharing in the profits. This approach can accelerate growth without requiring the brothers to manage every new location themselves.