Should Small Business Franchise?
You may have a thought, why do small business need to expand? is it necessary for them to look at expansion? When there has been a business who have sustained being at a small scale only. When you have an exclusive business then why not make an impression on people and conquer the market.
Expand to newer locations and segment, discover the best version of your business. A franchise is one of them, the franchise industry has helped the small business franchise in India to explore newer boundaries.
The Franchise Industry in the country has been growing at a faster pace in recent times and the industry stands at the US $ 7 Billion with the rate of 30-35%pa. [Source: Franchise Asia] Every entrepreneur's journey is equivalent to the journey of a seed growing to a tree. You might be thinking that why do we need to franchise or why do we need to visit franchise portals to expand, right?
A Few of the reason for a company to visit a franchise portal is because – In-depth knowledge on the industry, vast experience in the franchise domain, expertise unmatched, proven industry examples i.e. companies have been expanding using the franchise model to grow. Higher success rate and more. E.g. – Halidram initially started as a small snack food manufacturing company which is now known throughout the world for their sweets and savouries. This only proves that Franchise Industry has the vast market, that can be explored by small businesses to expand and grow exponentially.
What a small-scale business should do is to visit FranchiseBazar.com and get in touch with the franchise consultant in order to get their franchise model fixed and ready to open various locations in the country.
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Written by: Resham Daswani
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