FRANCHISE IN LITHI LITHI Guidelines to Franchise your Business.

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Presentation transcript:

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.  Franchise stores – Higher Margin for the parent company.  A Franchise has a direct and continued financial interest.  Franchise can act as a valuable resource.

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

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

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.

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.

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.

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.

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.

 “ we are always here to assist you get the Right and Bright Franchisee”. HAPPY FRANCHISEE AND CLICK TO FRANCHISEE.

THANKING YOU