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Top 10 tips for growing a successful franchise.pptx

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Top 10 tips for growing a successful franchise.pptx

  1. 1. Top 10 tips for growing a successful franchise Read More : https://thefranchiseuniverse.com/top-10-tips-for-growing-a-successful-franchise/
  2. 2. 1.Gain experience An idea turns into a successful franchise ONLY when its originators have the right experience in every aspect of its working, be it with respect to marketing, production, service, after-sales, finance or even managing people.
  3. 3. 2. Identify a successful business model and money flows Franchise could be only of the idea or of the entire concern right from the look and feel to the product
  4. 4. 3. Create a viable brand that people identify with, and would like to be associated with The thing that brings immense success to any franchise ownership is the sense of identity clients and customers have with the brand. 4. Sell your business in the right circles Ideas can be sold to individuals in the right circles
  5. 5. 5. See something that is unique The franchise-owner has to have something that remains unique in their offering to the clients. A Levi’s always stood for rough and ready clothing that could take a lot of hammering.
  6. 6. 6. Make the franchisee understand the relevance of the business The franchise owner shall have to make the franchisee see the advantage of taking a ready-made brand as compared to creating one afresh. 7.Respect your brands It all boils down to a franchise- owner respecting his/ her/ their brand.
  7. 7. 8. Train the franchisee in every important aspect be it operations, marketing, or sales A franchise owner who cares to train the franchisee in important aspects of business including operations, customer service, marketing and sales would help bolster the latter’s ability to sell the right ideas to would-be clients.
  8. 8. 9. Never give up on marketing and innovating A franchise owner who sits tight after selling an idea could be the cause of its untimely ruin and demise.
  9. 9. 9.Take back the franchise where the dealer does not perform One of the worst ways to see a brand slowly disappear is to let it be ruined slowly by non-performing or badly- performing franchisees! Read more - https://thefranchiseuniverse.com/top-10- tips-for-growing-a-successful-franchise/

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