HOW TO CONVERT YOUR BUSINESS INTO A FRANCHISE BUSINESS?
With a robust and thriving business, it can seem only natural to initiate business expansion. Opening a new location/ outlet involves tons of labor, time, energy, and money. The best solution is franchising the network to save lots of the day: converting a business idea into a franchise has many advantages over traditional expansion efforts.
Recent research reveals that the two-year franchise success rate was about eight percent above the independent business success rate. Strategizer Franchise Consultant services serve the necessary resources for a comprehensive and worthwhile experience.
WHY CONVERT YOUR BUSINESS
There are tons to try and do once you decide you would like to convert your business. Upgradation by developmental franchise business strategies, materials for training, operations manuals, marketing campaigns, lead generation activity, and more competing for attention; and also concentrating to run your business as always is truly a lot to take at once!
One of the most important roadblocks that companies encounter while scaling up is finding and training a well-qualified management team. By applying the franchising route, you recruit an owner in place of a manager. Franchise owners stay more motivated to figure out the management strategies as they have made an investment and have a stake within the business’ profits. Plus, franchisees are dedicated to the method to develop business strategies, marketing, site selection, lease negotiation, hiring and training staff, and more.
It can cost tons of cash, person-hours, and time to open multiple locations. A franchise business would cost you considerably less on market expansion logistics as a growth strategy.
HOW TO FRANCHISE YOUR BUSINESS
Franchising is a big step. STRATEGIZER as a franchise consulting firm can help make your dream a reality by implementing three phases.
In Phase One, the initial assessment of the current status of your business can determine if it’s viable to franchise your business. You’ll need to ask yourself hard questions about your business, including:
Is my business franchisable?
Is franchising the right growth strategy?
Do I know how to franchise my business?
Strategizer can guide you with our franchise growth consultation to assist you to identify whether you progress on to Phase Two.
In Phase Two, you’ll develop the infrastructure to grow from one business to a franchise. We’ll show you how to franchise your business by creating a franchise plan that includes:
- Designing corporate imagery
- Strengthening your company’s branding
- Ensuring your intellectual property rights
- Creating a franchise business plan
- Producing training programs, operations manuals, and materials
- Making financial projections
- Obtaining franchise lawyers
In Phase Three, all of the preparation from Phase Two goes into execution for recruiting the right franchisee. By carrying out the right franchise plan, we execute the marketing and recruit franchise owners by showing them that you have the resources and tools to help them run their businesses.
Strategizer is dedicated to creating the method of converting a business to a franchise a rewarding one for both franchisees and franchisors.
Contact us today to find out more about how Strategizer Franchise Consultation Services, the leading franchise business in Hyderabad, can take your business to a subsequent level.