successful franchise business
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Sneha Santra Dec 20 2018 - 2 min readVenturing into spa franchise business is not easy. According to a recent survey, 5 out of 10 entrepreneurs who start spa franchise businesses fail within the first few years. But why do spa franchises fail and go out of business? Unfortunately, the reasons are many and all too common. Here are a few points to consider, ...
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Sneha Santra Nov 21 2018 - 2 min readOne of the most important features of franchising is uniformity. By using unauthorized products and/or suppliers, franchisees will start to break away from the uniform system standards set by the franchisor. This will then lead to consumer dissatisfaction and will eventually tarnish the brand image. To protect the integrity of the system and the brand, ...
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Nibedita Mohanta Oct 25 2018 - 2 min readTime and again we have seen how businesses mould themselves in terms of product as well as services to cater smooth delivery to the customer, in order to run their business smoothly. The International Franchise Association is out with its 2018 Franchise Business Outlook, showing franchise industry expansion is set to grow for the eighth ...
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Sneha Santra Jul 16 2018 - 2 min readFranchising has become a highly marketed dream that is being pushed around. Everyone wants to start a franchise business and get financial freedom. Over the years, many young franchisees have transformed their ideas into successful businesses that are helping to change the world. Here are a few traits, which makes a younger franchise successful in ...
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Kritika Sachdeva Jun 11 2018 - 4 min readStarting a conventional business is like reading the same book over and over again. Franchising has brought a new phase to the business world. The start-ups today like experimenting and learning more about business, franchising gives it a new yet practiced way of business. There are things that you need to ...