Hotline: 1800 102 2007
Search Business Opportunities

Must-dos for a franchisee

Budding entrepreneurs put in their best efforts to succeed and become the owners of a successful franchise business. FIHL offers you a to-do list which is an assured way to success.

By Abha Garyali Sub Editor

Taking a franchise is no doubt a safer way to success but the franchise can not be successful till the time the franchisee himself is willing to work for it. If the franchisee fails then most of the times franchisor’s expansion plans and strategies are held responsible for it. Now the question that arises is how justified it is to blame the business plan as it is a proven path that has worked for the franchisor and many other franchisees?  No, we can not blame the franchisor alone for the business failure as there are a number of ways a franchisee can adopt to make his business run smoothly. Let us have a look.

Value brand image: As a franchisee you can incorporate a few changes but not at the risk of the brand image. Always consult the franchisor before introducing any changes in the outlet or system. The franchisor has put his well established business at stake so mishandling or taking too much of risk on your part may break the trust.

Local marketing: It is true that the franchisor takes advertising fee from the franchisees. This advertising is done at the national level. Many franchisees rely on this advertising only for their outlet. Franchisees should set aside some budget to advertise at the local level as well. The brand name is popular but you have to make the local people aware.

Attending meetings: Many franchisors have annual meetings where all franchisees gather and discuss the various issues and strategies for future. It is essential that franchisees do not miss out on these meetings as they can share their grievances with the franchisor. Moreover through such meetings they come in contact with other franchisees and develop relations with them. Franchisor can also provide guidance and share his experiences with the budding franchisees to attain their goals.

Going for franchise expositions: It is believed that franchise exhibitions are organised for the benefit of the franchisors and aspiring franchisees. Attending franchise expos can benefit franchisees in many ways. They can be better informed about the latest developments and concerned players in the business world.

Being a testing unit: Franchisors always try to launch new products and services to make their business more exclusive. As a franchisee one can reap the benefits by volunteering to become a testing unit for the franchisor’s new products and services. This will not only provide free advertising of the franchisee’s outlet but also make him contribute actively in the parent company.

Hard work: The most important guideline for being successful is to be hard working. One can employ every technique and put a lot of money but still the outlet will not become successful till the time the franchisee gets solely involved in the business.

Remember that success comes to those who aspire to achieve it. Franchising is a great platform to achieve great heights but only if the franchisees remember and walk on the given guidelines.

Related opportunities
  • About:Social drinking is a norm in today’s world and keeps..
    Locations looking for expansion Maharashtra
    Establishment year 2006
    Franchising Launch Date 2017
    Investment size Rs. 50 K - 2lac
    Space required -NA-
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Mumbai City Maharashtra
  • About:Fading the perception of burger being a junk food and..
    Locations looking for expansion Karnataka
    Establishment year 2000
    Franchising Launch Date 2016
    Investment size Rs. 20lac - 30lac
    Space required 250 - 2000 Sq.ft
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Bangalore Urban District Karnataka
  • Car wash / Ceramic Coating / Detailing
    Start your own express car wash franchise business and be..
    Locations looking for expansion Uttar Pardesh
    Establishment year 1987
    Franchising Launch Date 2010
    Investment size Rs. 10lac - 20lac
    Space required 1000 sq. ft.
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Gautam Buddha Nagar Uttar Pardesh
  • Quick Service Restaurants
    About:LETS DIM SUM …….a baby that was born as a..
    Locations looking for expansion New Delhi
    Establishment year 2016
    Franchising Launch Date 2017
    Investment size Rs. 2lac - 5lac
    Space required -NA-
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater South Delhi New Delhi
Insta-Subscribe to
The Franchising World
For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you
OR Click here to Subscribe Online
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities
More Stories