Do you have a successful business that you would like to expand?
India currently has 1500 companies using the franchise route to business expansion, while it is projected that more that 3000 companies are currently in the process of franchising their businesses and will be in the marketplace in a couple of months. It is one of the most preferred formats of business expansion for most developing economies, while a host of products and services reach the final consumers. You could now use this proven methodology to franchise your business too.
Sparkleminds believes that if your business is "Franchise-able" , you should seriously consider this option. Becoming a Franchise is the fastest, most efficient, and, in most cases, the most cost-effective way to expand a business, but the transformation of an independent business to a Franchise system is not so easy. It takes money (which may be a large amount for some fledgling businesses) and a considerable amount of time . Before you commit to any plan, you need to determine if your business is "Franchise-able".
Self Assesment Check:
Evaluate your business if it has to succeed as Franchise and take the self-assessment check to see your readiness on franchising: