There is another way. That’s to follow the lead of Vancouver’s Nurse Next Door—a successful franchisor specializing in in-home care. The company not only rejected a recent acquisition bid from a giant U.S. hospital conglomerate, it flipped the offer by selling the would-be buyer 26 new franchises instead. In so doing, a thriving Canadian company retains its ownership and sets itself up for even greater growth in new markets. It’s the kind of long-term thinking guys like Stephen used to enrich our economy 130-odd years ago, and that smart leaders would do well to emulate today.
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