1. Is your Business Successful?
It is the most important feature of a franchise business. Your business must have a credible holding, impressive track record and a proven business philosophy. Support from your clients is also essential to move ahead in franchising.
2. How your Product is Different from Others?
For franchising your business, your business must have some unique features. There are already a number of players in the market, so you should offer something innovative as well as carefully use the USP of your business to get competitive advantage.
3. Will all the Individual Units be Profitable?
If your business is unable to generate 15-20% ROI (return on investment) after subtracting the monthly overheads and royalties, then it would be tough to keep your franchisees running for long.
4. What Systems need to be Followed?
@ https://franolaxy.comBrand Expansion
Are there any rules and regulations of your nosiness that a potential franchisee has to follow? If yes, then it is important that you have everything in a documented form.
If the answers of the above questions are yes, you could easily start using someone else’s capital to grow your business. There are many franchises available in India and you can add name of your brand in the list of those franchises.