कैसे करे Service Based Business को Franchise मे Convert | Service Based Franchise | Detail in HindiMay 5, 2022
This video is about How you can Convert your Service Based Business into Franchise.
(कैसे करे Service Based Business को Franchise मे Convert | Service Based Franchise | Detail in Hindi)
Franchising a service business can be a great way to expand your business (without doubling your workload) for greater reach. Not only can this help you build a name for your service business, but, depending on the popularity of your services and the reputation of your brand, you can also make a pretty penny. In fact, franchising a service business can either supplement your current income or potentially replace it completely.
Build a business that can be easily replicated. Compile written documentation of every policy, procedure and operation that goes into your business so that a franchise buyer can step in and immediately begin running the business.
Be prepared to prove the business’ potential. Create detailed reports showing the profitability of your business, especially if you plan to require a large initial investment in the form of franchise fees.
Branch out to multiple locations. Opening a second (or third) location will not only allow you to perfect the process of duplicating your business, but it also looks good to potential investors, particularly if you open a new location in a different locale than the first.
Look to your employees as potential investors. Key employees who have demonstrated loyalty, experience and commitment to your business are ideal first investors for your new franchise.
Determine your pricing structure. Will you charge a franchise fee (or upfront investment) for people interested in your franchise? If so, how much? If you will provide necessary equipment or supplies, be sure to include the cost of those in the franchise fee.
Prepare your legal documents. You’ll want to cover yourself by having a lawyer help you prepare franchise agreements, disclosure documentation and other documents that will help protect your business in case of any disputes between yourself and franchise owners.
Check the FTC Franchise Regulations. If you’re going to operate as a franchise, you have to comply with federal franchise regulations. If legalese isn’t your strong point, your best bet is to consult with a franchise lawyer to make sure you’re following all the rules.
Service Based Franchise.
apne business ko kare franchise meh convert.
अपने business को franchisee की मदद से कैसे बढ़ाएं
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Billionpreet by Bhavpreet Singh Soni it is a ultimate business channel which motivates young entrepreneurs to invest and increase there business. We started with the franchise business but now we’re going to scale it with good Startups. We’re building a platform where Franchisors, Startups and Investors can meet at one place.
Focusing on the Indian Franchise is our main Focus, how we can help them grow their business in-terms of Money, Expansion, Brand Identity, Values, etc.
Focusing on the Indian Startups is the main key because as we’ve seen a massive boom in startup industry has taken place in India. Where most of the startups lack in-terms of Scaling, Execution, Brand Values, Insufficient Funds, Manpower etc. We cover all the startups to franchisors where there is a good brand, there is a Scope of Scaling the Business.
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