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Franchising :

 Franchising is adopting of same business model as an existing business which involves a franchisor and franchisee. Get ideas from forum members about the proper ways to open a franchise of a particular business before making a decision

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Shiny rosy
Last Posted On 04, Feb 2017 12:53:27
By Shiny Rosy on 04-Feb-17 12:53:27 PM
Posted By Shiny Rosy

* Choose a unique brand & concept you love.
* Make sure whether it is financially profitable & stable.
* Make sure that the franchise program is rigorously developed.
* Understand where the monthly marketing fee paid by franchisees to the franchisors go and how the brand owners are using the same.
* Make sure that you get proper support from the franchisors.

Views 269 , Number of Likes 0, Replies 0
Bowmangodfery
Last Posted On 20, May 2016 08:26:49
By BowmanGodfery on 20-May-16 08:26:49 AM
Posted By BowmanGodfery


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Views 405 , Number of Likes 0, Replies 0
Merryl senuri
Last Posted On 14, Mar 2016 12:01:35
By Merryl Senuri on 14-Mar-16 01:31:35 AM
Posted By Merryl Senuri

Before choosing a franchise you have to do self-assessment:-

*Analyze in which business you are interested and your ability.

*Decide the investment budget and location.

*Plan the working hours.

*Research the market and franchise opportunity.

*Get advice from professional advisors.

Views 289 , Number of Likes 1, Replies 2
Sankara krishnan
Last Posted On 16, Jul 2015 12:34:27
By sankara krishnan on 16-Jul-15 02:04:27 AM

Franchising is a set of business model in which so many owners to share a single brand name,product,services and to expanding a business.

Views 523 , Number of Likes 1, Replies 4
Merryl senuri
Last Posted On 22, Jun 2015 16:54:34
By Merryl Senuri on 22-Jun-15 04:54:34 PM
Posted By Merryl Senuri

Technology is used in many fields and it also has its impact on the franchising business. It either puts in more industry segments or upgrades the existing ones.

Franchising opportunities can be investigated via online and in terms of operations, training, and marketing, franchising technology has made a change. Through intranet of franchisor, the f
ranchisees can receive operational updates and reporting through POS systems makes it easier for the franchisor to track income for royalty payments.

It may increase the complexity of franchise system management and protect the franchise documentation in future if the use of technology in franchising increases.

Views 218 , Number of Likes 2, Replies 2
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