Franchise like any other business is about making money! And to make money in a business you need to do that everyone else does – MANAGE!

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2. Yes franchise like any other
business is about making
money! And to make money in
a business you need to do that
everyone
else
does
–
MANAGE!
Managing a
business with right attitude and
zeal is what matters even in
the field of franchise. ‘As well
you manage as much money
you make.’
In the operations manual,
detailed process of operations
will be provided along with a
guide to manage the same.2

3. Many franchisors also provide
training on how to manage the
franchise, however managing
the business end of the day is
in the hands of the franchisee.
Franchising is not just limited
to following procedures and
operating. It is as complex as
any business and requires
actual management of People,
Finances, Machines, Plant
and more.
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4. The major areas that are
vital to managing any
franchise outlet
efficiently are:
•Managing the Cash Flow
•Managing the People
•Managing Inventory
• Managing process
related to Production or
Services
• Managing Demands and
Supplies
In most of the cases franchisees recruit managers to
deliver individual functions; however it is essential
for franchisee as an entrepreneur to personally
monitor each of the activities. A franchisee will
always be accountable to the franchisor in case of
any disparities in processes. A franchisee might
follow each instruction as per the agreement with
the franchisor; however the innate culture at the
franchise will have to be planted and nurtured by the
franchisee himself/herself. As a Franchisee, one will
always be responsible for
Displaying Good Leadership
Strategic Networking with Various Stakeholders
Overall Quality Delivery
Healthy Functioning of Franchise
Ensuring Success and Planning for Growth
Consistently
Ensuring Training and Development of People
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5. One of the most
critical needs in
Managing a business could be
franchise is to avoid exciting and energetic during the
burnout.
initial period as it goes through a
phase of high and low before gaining
stability. But there could come a time
when the business is not that
engaging anymore as stability, once
gained, stays for long in franchise
business. This being one of the
major advantages of franchise
business, it might on a lower note
cause burnout. It is essential to
work with the franchisors to prevent
such scenario or handle them
strategically.
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6. Franchisees get trained by the
franchisor
in
managing
the
franchise, in many cases. This is
especially essential for a first time
entrepreneur or someone new to
the industry.
Most successful
franchises are built on the initial
training received from the franchisor
and instructions provided to the
franchisee in order to replicate the
process. However in time, it is
IIHT Technologies
essential for the franchisee to take
provides extensive
up the responsibility and grow. training essentially in the
Monitoring
and
periodic
initial stage, to ensure
performance evaluation is crucial to there is smooth running
any business. As any business, of the education franchise
setting goals and reviving same business. Click here to
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7. Corporate Headquarters
#15,Sri Lakshmi Complex, 4th Floor, St. Marks Road, Bangalore - 560 001. India
Tel: 91 80 6160 4545 e-mail: franchise@iihttechnologies.com
web: www.iihttechnologies.com/
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