Sparkleminds has worked with companies in every segment of franchising and has helped many franchisors appoint their first franchise and achieve their first franchise sales breakthrough. As a franchise performance consultant, we have developed the winning formula for helping franchisors accelerate growth and achieve their growth objectives in this competitive economy.
Significant benefits of working with Sparkleminds franchise consulting firm, our franchise experience, our strategic planning expertise, our tactical implementation services and our network/support.
How Franchise performance analysis helps business owners?
Here are some ways to analyse how you can improve your business in India.
- Pinpoints differences (or gaps) in a potential opportunity with actual performance benchmarks based on real industry franchising metrics.
- Reveals planning, direction, or other shortcomings, so that strategy and expectations adjust early in the franchise consulting phase.
- Identifies tactical planning goals and objectives to maximize opportunities.
- Offers a reality test or confirms one’s franchise ability before further investments (financial, people and other resources).
Additionally, our franchise performance metrics spotlight what areas – from operations and marketing support to technology and real estate investments – in the development of a franchisor’s business infrastructure while the legal documents are being developed.
This is done with the help of our franchise performance support manager who is highly trained to achieve optimal efficiency.
Why Choose Sparkleminds as Franchise Performance Consultant?
Working with a qualified franchise performance manager upfront avoids the guesswork and better prepares the franchisor for what’s ahead.
To our surprise, prospective franchisees often can’t get an answer to the most basic investment questions –
- How much money does the average franchisee make?
- How much money can I expect to earn?
The reason for this is that close to 70% of all franchisors choose not to include any sales, costs, or other units’ financial information in their disclosure documents in India.
There are several good and valid reasons for franchisors not to provide this basic information. The information they get from the franchisees is unaudited and therefore may not be accurate.
The differences in the units themselves, including diversity in size and types of markets, the size of established locations, the differences in maturity of the open locations, variations in the strengths of local competition, the impact of brand recognition in new and older markets, as well as a host of other reasons might make the information misleading.
How do Franchise Performance Consultant Work?
Providing the information in public documents would allow their competition to get market understanding. Hence, to obtain information on their sales, cost of sales, margins, and sales mix we deploy many other means in India.
For some, unit performance is so bad that if they are in the results in the offering material, they would have a slim chance of ever selling a franchise.
Hence as a franchisee, you may want to get the most factual picture. Also, as a franchisor, you may want to be able to build enough support for your franchises to succeed. We also ensure you get the right leads for your business.
To sum up, if you feel our article has been useful to you, feel free to call us now. You will connect to our franchise performance consultants. We have expertise in this field as we have connected with several clients.