franchising

Franchisability: To sell franchises, a company must be in a good name in the eyes of its prospective franchisees.

• Differentiation

• Adaptability

• Credibility

• Affordability

Franchisability: failure of start-up franchisors is understaffing or a lack of experience at the management level. So your business must have a strong foundation.

• Commitment to relationships

• Market trends and conditions

• Strength of management

• Adaptability

Franchisability: It talks about your business having a well concept can be applied and attune from one market to the next.

• Adaptability

• Refined and successful prototype operations

• Credibility

• Differentiation

Franchisability: This can come in the form of a variety of product or service, a reduced investment cost, a unique marketing strategy, or different target markets.

• Credibility

• Differentiation

• Adaptability

• Affordability

Franchisability: one thing that that a franchisee would look for in your franchise business, is the ability to get back as soon as 1 year what they have invested.

• Affordability

• Return on Investment

• Capital

• Adaptability

Franchisability: as a future franchisor, this criteria must be present to enable security, easy change adaption to system and more motivated franchisees.

• Strength of management

• Market trends and conditions

• Return on Investment

• Commitment to relationships

A franchisor needs the _________ and resources to implement a franchise program. The resources required to initially implement a franchise program will vary depending on the scope of the expansion plan. (ALL CAPS)

Franchisability: An indicator of your business being franchisable, is when there is more chances of success when you hit to trends that starts a key to long-term planning.

• Commitment to relationships

• Market trends and conditions

• Refined and successful prototype operations

• Transferability of knowledge

Franchisability: a criteria for franchisability where your business demonstrates that the system is proven, and is generally instrumental in the training of franchisees

• Refined and successful prototype operations

• Documented systems

• Affordability

• Market trends and conditions

Can you still catch up?

• YES!

• I think so?

• NO.....