While franchising is not the only approach to expanding a business, it is among the most proven methods, one tested over time. If it is the right idea, franchising is the fastest way in reaching communities spread across wide geographies. Of course one has to assess of the product/ service is franchisable. Once done, ensure you don’t miss any opportunities and make the most out of this model.
Franchise for Growth has rich experience in working closely with successful businesses towards setting up franchise models for them. Our experts will be glad to work with you to explore the opportunity of taking your business to the next level.
ARE YOU FRANCHISABLE?
While franchising is a rapid approach to expansion and is among the key options one should evaluate considering its tremendous potential in growing your business. You need to consider several important aspects key among which is as follows:
- Is the idea big enough and would there be a demand for the product/ service across regions?
- Is it profitable and would there be a sustained/ growing demand across communities/ regions?
- Is it easy to recreate systems/ processes?
- Would it be relatively easy and inexpensive to operate?
- Does it require little monitoring over long distances?
- Is the technology intricate/ complex with expectations of huge downtimes?
- Does it require too much manpower?
If your answer is ‘Yes’ to these questions, then you possibly have a successful model fit for franchising on your hands. Now is the time to work with Franchise for Growth to take your idea to the next level and maximise its returns.
THE FRANCHISE PROCESS
Among the most commonly asked questions is ‘How long does it take for my franchise to be successful’. All we can say is that this is dependent on several parameters beginning with the most fundamental one - if it is franchisable. Our experts will work with you to evaluate your business and decide if it is after which timing is everything! Building a brand takes time and franchising is the fastest way to do it.
Just study your business, assess the situation and look at all factors you feel could grow it. Of course, you could always contact our franchise expert to help you evaluate the status better and then take an informed decision on how best to go about it.
Once it is agreed that franchising is the best option, our team from Franchise for Growth will get involved to put together a blueprint on how best to go about it indicating budgets, timelines and a plan for effective implementation.
STARTING A FRANCHISE
You had a big idea a few years ago and you nurtured it with passion and commitment to build a successful business. You are now the proud owner of a successful business which is doing well - your products are well received, your customers are happy, your orders are coming in. Your cash flows are robust and consistent. You are a known brand in your sphere. Sure you are thinking, ‘What next?’ Well, it’s time to consider franchising.
Franchising offers several benefits key among them being fast growth and an ability to reach out to larger markets and regions in the quickest possible time. This translates to better opportunities in terms of brand visibility, growth, revenues and partnerships. We provide the tools, resources and references required to get you started on your franchise journey. Our excellent track record of successful franchising includes businesses of various sizes, across various domains.
BUILDING A FRANCHISE
While franchising is an exciting proposition, it is definitely not easy to build and sustain a successful franchise. For starters, you need to keep upgrading your products and services, look out for competitors, plan a strong and sustainable advertising/ promotion strategy, support franchisees, recruit new franchisees and more… It is a huge effort before the systems are set and a process is in place. Of course every business is dynamic and has to revive itself constantly.
Franchise for Growth provides the tools, resources and references required to keep your franchise vibrant and growing. We have the knowledge and expertise to evaluate your operation and remove the wrinkles in your system. Our team of marketing specialists will offer fresh ideas and innovative marketing strategies to create a distinct edge that translates to a successful franchise model. We will offer cost-effective technology solutions that are easy to deploy and give you a competitive edge.
Franchise for Growth has the required expertise and domain knowledge to develop and implement a successful franchise model. We offer strategic consulting to businesses at various stages of growth and in various industries helping them assess their business, potential for franchising and the best way to go about it.