Top 10 tips for growing a successful franchise.pptx
Top 10 tips for growing a successful franchise
Read More : https://thefranchiseuniverse.com/top-10-tips-for-growing-a-successful-franchise/
An idea turns into a successful franchise ONLY when its originators have the right experience in every aspect of
its working, be it with respect to marketing, production, service, after-sales, finance or even managing people.
2. Identify a successful business model and money flows
Franchise could be only of the
idea or of the entire concern right
from the look and feel to the
3. Create a viable brand that people identify with, and would
like to be associated with
The thing that brings immense success to any franchise ownership is the
sense of identity clients and customers have with the brand.
4. Sell your business in the right circles
Ideas can be sold to individuals in the right circles
5. See something that is unique
The franchise-owner has to have
something that remains unique in their
offering to the clients. A Levi’s always
stood for rough and ready clothing that
could take a lot of hammering.
6. Make the franchisee understand the relevance of the business
The franchise owner shall have to
make the franchisee see the
advantage of taking a ready-made
brand as compared to creating one
7.Respect your brands
It all boils down to a franchise-
owner respecting his/ her/ their
8. Train the franchisee in every important aspect be it operations, marketing, or sales
A franchise owner who cares to
train the franchisee in important
aspects of business including
operations, customer service,
marketing and sales would help
bolster the latter’s ability to sell the
right ideas to would-be clients.
9. Never give up on marketing and innovating
A franchise owner who sits tight after selling an idea could be the cause of its untimely
ruin and demise.
9.Take back the franchise where the dealer does not perform
One of the worst ways to see a brand
slowly disappear is to let it be ruined
slowly by non-performing or badly-
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