The key factor for the success of a franchise is a balanced combination of an effective business model with a set of additional services for franchisees.
Support in finding suitable premises
A reputable franchiser will conduct an analysis in advance and offer a location with high traffic, and then track attendance, comparing it with the results of other areas or network facilities in this location.
Signs of a good franchise
A competent franchisor will allow doctor data package the partner to install an analytical module (customer counter) in order to independently monitor the effectiveness of attracting customers and promptly respond to any changes.
Providing franchise management training
At the initial stage, all aspects related to operational processes, personnel management, accounting, use of additional services and IT platforms, legal issues and compliance with all types of regulations necessary for understanding a profitable franchise business should be provided.
A set of additional services when purchasing a franchise
Among them may be: remote video surveillance, necessary for the HoReCa sphere ( Hotel , Restaurant , Cafe , hotel and restaurant business) and medical institutions, online broadcasts from the kitchen for public catering and online showcases. In addition, modern analytical modules based on computer vision and cloud technologies (face recognition to prevent theft and develop loyalty programs), IT solutions for monitoring employee activity and recording working hours, ensuring security and quality control are possible.
Video analytics is used in some pizzerias to assess the quality of pizza based on a picture. A neural network is used to analyze the appearance of the dough, detect flaws, and assign a mark on a ten-point scale.
Help with Marketing
Trusted franchises usually actively participate in promoting the entire network, for which the franchisees pay the head office. Small companies support partners in advertising their outlets.
LabQuest Franchise
Thus, the medical organization LabQuest provides marketing tools to a person running a franchise business. Franchisee partners receive support in online promotion, PR activities (PR, public relations), development of loyalty programs and communication with doctors.
All financial documents and business indicators are provided in advance
It's easy. Financial aspects, including the franchisor's liabilities and history, require special attention during verification. If a potential franchisee does not have sufficient knowledge, it is recommended to seek help from an experienced accountant or auditor.