franchise consultant Archives - Brands n Spaces

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November 13, 20160

Did you run-out of innovative ideas to grow your franchise business? The secret ingredient to enhance your business is now at your fingertips. If you are searching for profitable solutions, the best way is to measure, analyze, and upgrade your business flow.

11#Time-Tested Methods to Improve Franchise Business.

To promote business operations follow these quick guidelines for better results.

  1.    Select the Right Business- Franchising your business creates plenty of opportunities.  Before you invest, it is advisable to make the right choice when selecting a franchise.
  2.    Know about the industry- Get the facts straight! In-depth research about the industry, it helps to boost the business in future.
  3.    Improve Business Skills-A franchisor will train you and your employees about the system. If you have, good skills that help you make better financial decisions and run the business. A franchisee should dig into the facts and analyse the situation.
  4.    Better Planning -Mapping the strategies help to increase the business in the competitive market. Deliver the best master plan for your franchise.
  5.    Understand your Target Audience– what demands your potential customers hold. Match your consumers needs and build your brand voice.
  6.    Marketing Tactics– Make marketing franchise friendly! As a franchise, make sure that you are using effective marketing techniques. Use fair means of methods to achieve lucrative solutions. Cluster campaign has more impact on the local market than a single campaign. This leads to the promotion of the brand and saves money. A franchisor can offer financial incentives to franchisees to blend in the campaign.
  7.    Do Not Slash Prices-Discount can increase sales, but it also devalues your brand name if not done promptly.
  8.   Give Value-added Services– This benefit in the franchise’s growth as customers feels connected with the brand.Highlight benefits and provide solutions to their problems.The franchisor should educate their prospect buyers to create a win-win situation.
  9.    Avoid Bottlenecks– A franchisee should consider cross-training employees for dynamic employee and employer relationship. The best way is to hire people with inevitable knowledge of the field.
  10.    Track your Strategies– Review the process; engage franchise networks to achieve terrific success. Track the loopholes and create measures to avoid them.
  11.    Manage the Growth– Discover the latest tools and techniques to manage your business. Follow the trends and take control. Appeal your masses to grow a successful franchise business. To get that rapid expansion it is necessary to estimate your franchise.

Franchising is a vast model to learn. A franchisee need to respond to their audience well. Have a set of priorities and develop the insight!


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November 9, 20160

Are you a store manager or a retailer who wants to attract customers and advance the revenue? In this cutthroat market competition, owning a Small Business is more responsive. Businesses want to leverage their stores with proactive solutions. If you are thinking about cost, effective ideas to generate that brand empowerment than it is time to take the retailing to the next level. Retail Businessman must learn how to win their consumers over the key growth!

Before you enter the market, it is advisable to have a clear idea about the market segment. You must know, and understand the basics of marketing. Set daily goals, & Co-market your business with similar clients. Impose extreme planning, and analyze your customers.

If you think that discounting will make overnight revenue, then you’re wrong! Although, it helps to boost the sales with proper techniques, planning and research. For example. The  Cyber Monday Sales and Black Friday discounts are blooming in the market trends. You need to focus on your customer’s wants and desire.

Measures a retailer should apply to enhance the retail sales.

  •    Know The Industry
  •    Understand Your Shopper
  •    Create a brand name
  •    Control Your Inventory
  •    Unique strategies
  •    Track your business ROI
  •     Identify your competitors
  •     Loyalty program- To Achieve Customer Loyalty.
  • Be Personal
  • Make your customers feel better–Treat them nice!
  • Fix Customer’s Problem
  • Narrow your niche to concentrate better and become a retail specialty.
  • Build popularity through word-of-mouth advertising
  • Manage your finance
  • Maintain apt financial records

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November 4, 20160

Are you considering to selling your franchise? If you are buying a franchise just to sell it later on than buckle up and better ‘Build Your Sell’. Finding a desired buyer is crucial but, with a little help and guidance establishes a whole new spectrum.

Franchisor conceals and heals every drop of money invested in franchise business and there can be multiple reasons why your franchise never worked out at first place. But there can always be a smoother way to resale it. Through only careful strategies and tactics of developing efficient franchise will offer maximum returns. Start with easy steps of planning to advertise your franchise. Create an axiom that helps construct a brand that sells.  Before selling a franchise numerous questions arises such as:

Do you need to tell your Franchiser before selling?

How to increase the value of your Franchise Business?

Evaluate your business details such as planning, organizing, marketing strategies will help to implement and recognize better resources.

Which Documents are required for resale?

Should I sell my Shares or Assets?

How can I leverage on tax liability?

But, don’t worry about the complicated procedures that are time consuming and follow the ultimate guide to know, the Do’s and Don’ts of selling a franchise-

Do’s –

  • Keep growing the sales while most franchisees don’t have enough time to make their business grow then make sure you give the best performing franchise to a new buyer.
  • Sell fastest at highest price possible by hiring a professional franchise broker or a franchise consultant.
  • Do give factual details, direct answers related to your ventures financial or management condition.
  • Do sell it to someone who knows the thumb rule to run the Businesses and can turn your venture into profit bearing ship.
  • Things to keep in mind before selling your franchise is to follow co-operate assessment procedures. Let your Franchise attorney handle all your legal procedures. One the day of final settlement, make sure to keep a track record of the stocks values.
  • Enhance your relationship with your franchiser for future endeavors.

Don’ts –

  • Do not exaggerate the true value of your business as the buyer is not a foul and will eventually understand it.
  • Do not make a hush-hush decision with fear of losing opportunities or in excitements. Obtain experts suggestion on the matter.
  • Do not make black sections or faux your buyer with funny comments or words and fake profile questionnaires.
  • Do not sell without checking their legal papers or signing documents.
  • Do not lose hope as the deals can fail over time but, there is always going be that right customer for you.

Selling a franchise for some might be giving away their whole lifetime’s work and thus things can be a little rough. But after following these franchise selling solutions you’ll get the value for your Business. If you want to maximize your profit make sure to consult a Franchise consultant at the time of sale to gain that sigh of relief.