Hotline: 1800 102 2007
Hotline: 1800 102 2007
Search Business Opportunities
Growth Strategies 2018-10-23

How to grow and transition your business

“Growth is subjective, goals are perspective.” says Muhummed Ibrahim, Founder, Chaiwala.

By Junior Copy Editor
How to grow and transition your business

So your brand is well established in the market and now you are looking forward and planning your future. The session moderated by Punita Kapoor, Deputy Editor, Entrepreneur Media, discussed ways a brand should grow and transition in order to sustain in the long run.  

Here are a few things to take into consideration:

Adapting to the market:

Henry Ford once said, “The day you stop advertising and marketing yourself you are dead.” 

Devangi Parekh, Director, Aza Fashions while talking about her business says, “People look for a different homepage and therefore pages should be altered accordingly.” Muhummed Ibrahim, Founder, Chaiwala adds that without adapting, a brand will never be able to grow.  The market won’t adapt, it's the brand which has to adapt to the market. But never lose your essence while adapting.

Know your weaknesses and work on it:

Gagan Goyal, Partner, India Quotient says, “Go step by step. You have to know where you stand.” Understand whether you have stabilized or not. You have to alter depending on the type of business. When you are growing you have to grow the brand. Brand and profitability can’t grow together. You have to show that your brand has the potential to go to a certain stage.

Vikrant Batra, Owner, Café Delhi Heights adds, “Do everything yourself. Do not compromise on the quality ever.” As an operator one has to go into the minutest detail to get things running.

Parekh cites their own example, “Learn through mistakes. We faltered on our major sale in our initial year in terms of service.” So, when going up for sale anticipate the demand and plan accordingly.”

Ibrahim adds, “Manage your expectations, understand your weaknesses and utilize them.”

As soon as you lose connection with your business, your franchise you will fall. Your model cannot run with complications. Therefore, keeping these points in mind your brand will be ready for its future expansion.

Comment
image
image
image
image
Related opportunities
  • Others Food Service
    About Us: Established in the year 2001,  Kakal Kai Ruchi is..
    Locations looking for expansion Karnataka
    Establishment year 2001
    Franchising Launch Date 2018
    Investment size Rs. 20lac - 30lac
    Space required -NA-
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Bangalore Karnataka
  • American Kidz, the pioneers in the field of Language training,..
    Locations looking for expansion Uttar Pardesh
    Establishment year 2009
    Franchising Launch Date 2010
    Investment size Rs. 2lac - 5lac
    Space required 1200
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater MEERUT Uttar Pardesh
  • Gyms and Fitness Centres
    About Us: Started in Hyderabad, Core fitness station is the 1st..
    Locations looking for expansion Andhra pradesh
    Establishment year 2015
    Franchising Launch Date 2017
    Investment size Rs. 1 Cr. - 2 Cr
    Space required 600
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater hyderabad Andhra pradesh
  • Solar Energy and Components
    About Us: Go Solar, Go Green. Solar power is the best..
    Locations looking for expansion Delhi
    Establishment year 2014
    Franchising Launch Date 2019
    Investment size Rs. 50 K - 2lac
    Space required 400
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Delhi Delhi
Insta-Subscribe to
The Franchising World
Magazine
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

Free Advice - Ask Our Experts