If you have a small business that can be easily replicated, then franchising may be one of the best ways to expand it at a fast pace. And if you tackle it the right way, you can certainly pump up your profitability.
In an interaction with Franchise India, Doug Downer, Franchising Expert, Board Chairperson, Business Coach & Mentor, The Alternative Board talks about how businesses can grow through franchising and why is India a favourable destination for growing a business in today’s time.
Retail franchising is now a familiar mode of business operation for the last few years in India and across the world. It is a method of establishing a single store based on the name, trademark, branding, and products of an existing business.
For those who think franchising is a skeptical concept for them to adopt as a business model, we bring five facts that will clear all the doubts about franchising, and will help the business succeed regardless of the industry.