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FRANCHISE IN LITHI

FRANCHISE IN LITHI. LITHI Guidelines to Franchise your Business. Thoughts Behind LITHI. Plan for Expansion. Market Penetration – Best, Easiest and with least risk . Why you should LITHI ?. Lithi is partnership-Network of people working towards common target.

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FRANCHISE IN LITHI

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  1. FRANCHISE IN LITHI LITHI Guidelines to Franchise your Business

  2. Thoughts Behind LITHI • Plan for Expansion. • Market Penetration – Best, Easiest and with least risk.

  3. Why you should LITHI ? • Lithi is partnership-Network of people working towards common target. • Franchise stores – Higher Margin for the parent company. • A Franchise has a direct and continued financial interest. • Franchise can act as a valuable resource.

  4. 1: Evaluate • Evaluate your business. • Change your financial status. • Conduct Market research. • Do a competition analysis. • Prepare yourself for change.

  5. 2: Involment • Respective share of financial risks. • Franchisor should balance preserving brand Identity. • Strong training program must be developed for training the franchises.

  6. 3: Bussiness Model • Business model is a Franchise offering circular. • It Includes Key accepts like: • Franchise fee,royality percentage and term of agreement. • Procedure for buying products and equipment's. • Business experience and net worth franchise need. • How you will market the franchises. • Franchises or investor.

  7. 4: Legal Documents • Legal competitions seek out professional help. • Franchise agreement must be fair and comprehensive. • Franchise agreement need not be a equal balance. • Franchise are responsible for the network.

  8. 5: Development and support • Intial and continuing support services. • Support services- Delivered First as well as Last franchise. • Ensure that Financial business structured-Franchised need their services on continuous basis. • Service based business at higher risk.

  9. 6: Marketing • Franchisee invest in a Brand. • Marketing of a Brand in franchisor’s task. • Franchisor need to develop a marketing calendar. • Franchisor need to plan promotional activities for the respective franchisee outlet.

  10. 7: Selection of Franchisee • Franchisee is not anyone with an investment capacity. • What value add he is bringing other than money? • One good Franchisee brings in ten new Franchisees while one bad franchisee can take away ten good franchisees. • It can be tempting to expand but expand logically.

  11. www.Lithislim.com/Franchisee • “we are always here to assist you get the Right and Bright Franchisee”. • HAPPY FRANCHISEE AND CLICK TO FRANCHISEE.

  12. THANKING YOU

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