How to franchise

So if you have customers lining up at your store clamouring to avail your products/services and you are making huge profits, it is natural to think that your business is successful and now you want to expand it. However, the business which is successful in one location may fail to prove it in another or ...

Fanning entrepreneurial spirit among prospective investors, franchising has been at the forefront as the ideal business model to expand and grow. After reaching the break-even period in the first franchise business, franchisees can find further growth in multi-unit and multi-conceptual franchising. But there are some issues to keep under consideration.   Growth strategy: Franchisees should ...

Discovery Day is a well-scheduled meeting designed to allow prospective franchisees meet the franchisor and his staff face-to-face. It plays an imperative role in the franchise process. This meeting is more pivotal for the franchisee, as he is going to invest his hard-earned money in someone else’s business to debut his own franchise business. However, ...

Franchising undoubtedly is the best model for business expansion, but as success is guaranteed neither with a popular franchise nor with an evolving one, then why not consider taking up the franchise of an evolving franchisor? No doubt, taking up the franchise of an established brand provides numerous benefits to the franchisees, but a franchise ...

‘Turnkey’ business stands for a business that carries a complete package required to start a business. A business that is being sold as a turnkey business includes tangibles such as stock and apparatus through intangibles such as a previously established reputation and goodwill. The most popular businesses sold as a turnkey business is a