Hotline: 1800 102 2007
X
Search Business Opportunities
Franchise trends 2018-08-16

How To Make Your Brand Pro Franchise

Here are ways you can ensure your franchise business thrives and does not duck in again.

By Feature writer
How To Make Your Brand Pro Franchise

If you have failed once, doesn’t mean it will happen again. Here is a list of things that might have gone wrong and how to not repeat them.

Was the prototype working?

Many times a franchisor has a brilliant idea and that it will be great to add in more stakeholders or franchisee. But not all ideas make it to the day and may not be replicable after all. Mark Siebert, a franchise consultant suggests, “In order to franchise a business, the business model must first be proven.  For this, you need to ensure in the first place that a successful operating prototype exists and can be easily replicated.” This is the one thing which leads to failure for a franchise to take off and most die the death even before they are born properly.

Was it sellable?

For any product to thrive, it has to have a buyer; even if it a franchise that you are offering as the end product to potential stakeholders. If your model was not attractive enough to hook franchisees in the first place, you should avoid the same mistake the next time you are investing your heart, soul, and ambition in a franchise business model. For this, it is important to note that the franchise itself should be an attractive, doable and understandable idea which anyone can run and make profits with.

Comment
Related opportunities
  • Tea and Coffee Chain
    About: The Tea Junction operates 25 outlets in the lovely city..
    Locations looking for expansion West bengal
    Establishment year 2004
    Franchising Launch Date 2017
    Investment size Rs. 10lac - 20lac
    Space required 250
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Saltlake West bengal
  • Quick Service Restaurants
    About: Go Italia is a casual dining Italian cuisine restaurant with..
    Locations looking for expansion Karnataka
    Establishment year 2013
    Franchising Launch Date 2017
    Investment size Rs. 10lac - 20lac
    Space required 300
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Bangalore Karnataka
  • Skills / Personality Development
    About Us: INIFD Gurukul, a wholly owned concern of NIFD Limited,..
    Locations looking for expansion punjab
    Establishment year 2018
    Franchising Launch Date 2018
    Investment size Rs. 2lac - 5lac
    Space required 300
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater chandighar punjab
  • Precious Jewellery
    About Us: Established in 1993 in Uttarakhand, Silveria Jewellers is India's..
    Locations looking for expansion Delhi
    Establishment year 1993
    Franchising Launch Date 2018
    Investment size Rs. 1 Cr. - 2 Cr
    Space required 300
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater New 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