How to grow 100 franchises in 3 years

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How to grow 100 franchises in 3 years
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• Franchising is one of the few sectors capable of
  resisting the crisis and on which to focus in
  order to restart the economy of our country. For
  a company or a future entrepreneur, franchising
  is an extremely convenient sector it allows, in
  fact, much faster growth than an expansion
  direct. Furthermore, the financial charges are
  shared among all the affiliates, who with their
  contribution contribute to the growth of the
  network. Here are some steps that will help you
  to grow 100 franchises in 3years. (BBGV41220)
• Franchising is a proven route to achieving rapid
  business growth. But becoming a franchisor is not
  a sure way to succeed, especially in this highly
  competitive economy.
• However, many business owners dream of seeing
  their brand name everywhere and creating a
  network of franchisees throughout their country,
  region, or even the entire world. When the
  correct concept is franchised effectively, it can
  be a very good expansion strategy that does not
  require a large capital investment.
• Your concept most successful franchise concepts
  offer something familiar, but with a different
  twist. The concept should be striking to both
  clients and potential franchisees. Also, the
  business must be repeatable by other people and
  not be something that only works under your
  command.
• Check your finances Many successful franchises
  start from a profitable business and try to
  replicate the success in other locations.

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• Do market research Don't trust your instinct
  that your business will be successful in the
  country. Study the market and confirm if there
  are potential consumers for your product or
  space, as well as room for new competitors in the
  market.
• Prepare for the change Becoming a franchisor
  means that you will have to be indifferent
  activities than you were doing owning your
  business. Now, you will mainly be dedicated to
  selling franchises and advising franchisees. In
  addition, you must renounce part of the control
  you had before franchising.
• Evaluate other alternatives Before franchising,
  consider other options. Depending on your
  situation, a slower growth model, like including
  partners, may work better for you.
• Know the legal requirements In order to legally
  operate under this model you must create a
  Franchise Offer Circular. This document contains
  certain information about the business, such as
  financial analysis, the operating manuals, and a
  description of the franchisor's experience.
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• Make the important decisions about your model
  while preparing all the paperwork, you will have
  to make certain decisions about how you will
  operate as a franchisor. The major points to
  consider are The franchise charge and royalties,
  the franchise contract, the size of the area that
  you will give to each franchisee, what
  geographical region you will cover, the type of
  training program, whether franchisees must buy
  equipment or supplies from you, The profile of
  franchisees, What will your franchise marketing
  strategy, If you will offer master franchises
• Hire your team In your preparation as a
  franchisor, you will generally need a team that
  will be in charge of assisting the franchisees.
  For example, you may need to hire a trainer,
  creative director, marketing assistant, and
  developer to install the software and systems on
  your network.

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• Sell franchises Now that you are in business as
  a franchisor, one of your main activities will be
  to find franchisees who will buy your concept.
  One option is to hire salespeople to support you,
  although the task can be done yourself. You can
  also attend fairs or expos and set up stands or
  hire the services of independent agencies to help
  you find investors.
• Selling franchises is difficult The people in
  charge of sales must know your business perfectly
  and be able to tell a good story about it and why
  it is a good alternative to invest.
• Advise your franchisees As a franchisor, you
  have gone through quite a few stages to reach
  this point. But it is in this when you begin to
  support your franchisee network, where you
  determine whether the chain will succeed or fail.
  Your training programs and the support you
  provide are the factors that will create equity
  in your control, ensuring that the brand offers a
  uniform experience in all its branches.
• At the same time, you will require to start
  promoting your chain to boost the sales of your
  franchises. Many franchisors miscalculate the
  significance of marketing support to the success
  of franchisees.
• If you follow the above steps and do proper
  planning then it is certain you will be able to
  grow and achieve up to 100 franchise in 3 years
  just follow these steps and you will certainly
  get success.
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