The Best strategy for owning multiple businesses

The best strategy to owning 1,000 businesses is the same as owning one business. Follow the McDonald’s Principle.

1. Create a fool proof system any college kid or even unskilled person can follow
2. Ensure everything is in writing
3. Ensure every ingredient to every tool to every is readily available
4. Ensure every protocol, process and procedure is available and clear
5. Ensure a central & uniform system throughout from purchasing, to sales to marketing to even how the product should be to what response the customer service representative should give
6. Get the right people onboard
7. Get a proper reporting structure in place
8. Ensure a proper feedback mechanism in place
9. Delegate the right authority balancing with the right responsibility
10. Have corrective actions for any deviations
11. Ensure it is self-sustaining without your supervision

You got yourself the best strategy for owning multiple businesses.