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How to Franchise Your Business?

  • Franchising your business in India is a great way to grow if your business is easy to copy.
  • In franchising, you give the franchiser permission to open new locations using your business model and trademarks.
  • Franchising offers the ability to boost sales through new locations and earn royalties and other fees from franchisees.
  • You'll need to train and support franchisees, ensuring compliance with franchise laws and regulations.
  • The franchise disclosure document (FDD) is a legal document you need to franchise your business and sell franchises.
  • You should register your trademarks since your entire franchise system will be built around them.
  • Your franchise company should be legally distinct and handle selling franchises, supporting franchisees, and receiving revenue and royalties.
  • Developing a franchise sales strategy and budget is crucial for attracting, training, and supporting target franchisees.
  • The cost to franchise your business can range from Rs 50,000 to Rs 1 lakh.
  • Franchising is a great way to expand your business if you do proper planning and investment.

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