2020-04-27

Dromise.com Releases Low Cost Franchise Buying Guide for 2020

News

Low cost franchises offer an option for entrepreneurs who may not have millions or even hundreds of thousands of dollars to invest in a business opportunity but seek the financial security and independence of owning a business. Typically ranging from less than 50,000 up to 10000000 in investment, low cost franchises are available in a number of industries. Dromise.com developed the Low-Cost Franchise Buyerês Guide as part of its commitment to helping potential franchise owners gather the necessary information and take the correct steps in the franchise buying process. The guide helps potential buyers navigate the process by offering an overview of the industry, a look at the types of cheap and low-cost franchises, the advantages, and challenges of buying a low-cost franchise, and more. –Low cost opportunities open up the possibility for business ownership to a larger number of people,” said Eric Bell General Manager of Dromise.com. –Though the investment is lower than many other franchise opportunities, the buying process can still be overwhelming for prospective franchisees. With these industries specific buyerês guides, we want to help those individuals navigate the process and really understand what to expect when looking to buy a franchise.” The Low Cost Franchise Buyerês Guide is available for download on the companyês website at: https://www.dromise.com About Dromise.com Dromise.com, a unit of Landmark Interactive, a division of Dominion Enterprises, is the leading destination for those seeking to invest in a franchise opportunity. Since 2017, Dromise and its network of sites have offered information on hundreds of business and franchise opportunities available in more than 100 industries. Dromise provides franchisors with a quality, cost-effective mode of franchise marketing.

1970-01-01

Dromise.com Releases Low Cost Franchise Buying Guide for 2020

News

Low cost franchises offer an option for entrepreneurs who may not have millions or even hundreds of thousands of dollars to invest in a business opportunity but seek the financial security and independence of owning a business. Typically ranging from less than 50,000 up to 10000000 in investment, low cost franchises are available in a number of industries. Dromise.com developed the Low-Cost Franchise Buyer�s Guide as part of its commitment to helping potential franchise owners gather the necessary information and take the correct steps in the franchise buying process. The guide helps potential buyers navigate the process by offering an overview of the industry, a look at the types of cheap and low-cost franchises, the advantages, and challenges of buying a low-cost franchise, and more. �Low cost opportunities open up the possibility for business ownership to a larger number of people,� said Eric Bell General Manager of Dromise.com. �Though the investment is lower than many other franchise opportunities, the buying process can still be overwhelming for prospective franchisees. With these industries specific buyer�s guides, we want to help those individuals navigate the process and really understand what to expect when looking to buy a franchise.� The Low Cost Franchise Buyer�s Guide is available for download on the company�s website at: https://www.dromise.com About Dromise.com Dromise.com, a unit of Landmark Interactive, a division of Dominion Enterprises, is the leading destination for those seeking to invest in a franchise opportunity. Since 2017, Dromise and its network of sites have offered information on hundreds of business and franchise opportunities available in more than 100 industries. Dromise provides franchisors with a quality, cost-effective mode of franchise marketing.

1970-01-01

A Guide to Franchising in India

Business

A Guide to Franchising in India India offers enormous potential for foreign franchisors who tailor their brand to fit into the country’s dynamic consumer market. India’s huge market has created a space for competitive franchises to thrive while rising incomes have enlarged the demand for foreign brands. To succeed in the Indian market, franchisors will need a robust understanding of the country’s regulatory structure due to the absence of comprehensive franchise-centric legislation. In this article, we explain the entry strategies for foreign franchises interested in establishing an Indian presence. We then highlight the legal precautions necessary for such companies to secure their position in the Indian market. Growing allure of foreign brands India’s franchising sector has steadily grown every year since 2008 and has the potential of hitting US$51 billion in 2017. Franchising fits well in India’s current growth and urbanizing trends. Malls – hubs for franchises – have mushroomed in the country’s affluent metropolises and even in tier-II and even tier-III cities. Rising personal disposable incomes among India’s urban classes has led to an overall increase in consumption and brand consciousness. Companies that simultaneously tailor their products to regional tastes while creating new market niches, can position themselves to tap into India’s rapidly growing and aspirational consumer demand. Domino’s Pizza, for example, opened their first outlet in New Delhi, in 1996 – at a time when relatively few pizza restaurants existed in the country. Now, the company boasts of over 1000 franchises across India – the largest number of outlets outside of its home country U.S. Further, foreign franchisors will benefit from India’s league of entrepreneurs. Many Indians consider franchises, especially those with a foreign reputation, as a relatively low risk means of establishing a business in the competitive Indian market. Choosing an appropriate entry strategy India offers several entry options for franchises, which include: Direct franchising; Master franchising; Regional franchising; and Local incorporation. Direct franchising is where a company creates a direct network of franchises. This works well for local companies with pre-existing experience in India. However, it can prove to be challenging to foreign companies entering India for the first time. Master franchising is where a company awards exclusive rights to develop a foreign brand to a local entity, often accompanied with a large investment made by the franchisor. The master franchisee is then in charge of developing the company’s brand either through cultivating a sub-franchised network or opening outlets owned by the master franchisee (though the two are not mutually exclusive). Regional franchising operates in the same way as master franchising but covers only a specific regional area as opposed to the entire country. Given India’s diversity along with the complexity of state-specific laws, many franchisors choose a regional franchising approach. Local incorporation is when a foreign franchisor forms a subsidiary company and awards it franchising rights in India. The American fast food chain Subway, for example, has established a subsidiary in India, which handles their franchising network. What sectors are most receptive to franchises? Successful franchises in India generally reflect larger global trends. The most successful franchises world-wide cater to middle class tastes and attempt to capitalize on consumers’ leisure time, whether they be retail stores, cafes, or restaurants. India offers additional avenues for franchising given the country’s high level of privatization in education and health care. The most successful franchise sectors in India are: Food and beverage; Hotels; Retail; Beauty and fitness; Health care; Medical services; and Education. Maneuvering through legislative gaps India does not have comprehensive legislation related to franchising, meaning there are no direct, potentially restrictive regulations on franchisors. However, this lack of direct regulation creates tremendous confusion as a patchwork of national and regional laws arbitrarily governs franchisor-franchisee relationships. The following laws impact franchisor-franchisee relations in India: The Indian Contract Act, 1982; The Trademarks Act, 1999; The Designs Act, 2000; The Patents Act, 1970; The Copyright Act, 1957; The Competition Act, 2002; The Foreign Exchange Management Act, 1999; Income Tax Act, 1961; The Consumer Protection Act, 1986; and The Arbitration and Conciliation Act, 1996. Given this regulatory ambiguity, franchisors must pay close attention when drafting and agreeing upon contracts with franchisees. A strong contract is essential in compensating for nonexistent or confusing regulations that can otherwise undermine franchise relations. Foreign investment and franchise establishment While franchisors may not imagine themselves to be investors, many franchisors inadvertently fall into the category of ‘foreign investors’, and are thus beholden to the rules of foreign direct investment (FDI). How do foreign franchises become foreign investors? When the franchisor directly owns outlets in India; or When a master or regional franchisee has some degree of corporate ownership. Many foreign franchisors open their own outlets in India, usually to capture a portion of the profits or simply to serve as a training facility for new employees. In other cases, a master or regional franchisee, which a foreign company partners with, may already have some degree of foreign ownership. In both cases, franchisors are participating in FDI. RELATED SERVICES Professional-Service_IB-icons-2017 SPEAK TO A LOCAL EXPERT ON FRANCHISING IN INDIA FDI regulations can dramatically reshape a franchisor’s legal responsibilities in India. For instance, the Reserve Bank of India (RBI) previously mandated that single-brand retail companies with over 51 percent FDI must source a minimum of 30 percent of the value of their goods from Indian companies. Now, relaxations to the FDI policy allows foreign retailers to meet this requirement – incrementally – within the first five years of their operations in India. Further, a retailer can source material from India for their international product lines but also have it count towards their domestic sourcing requirements. Most retail franchises fall into the single-brand category (retailers who exclusively sell their own products) and sourcing 30 percent of their products from Indian companies can prove to be difficult. Foreign retailers often struggle to secure regular access to quality products that can accommodate the scale of their production. Retailers selling specialty items – foreign perfumes or advanced technologies for instance – can find these domestic sourcing requirements particularly challenging. New franchisors should regularly monitor changes in FDI regulations. Protecting your brand With the Trade Mark Rules, 2017, India has created a faster, simpler, and more transparent registration process to trademark a brand. Furthermore, brands now have the option of listing their trademark on the Indian government’s ‘well-known’ trademark list, which provides increased security. Franchisors interested in being included on this list must prove the brand’s reputation and pay a fee of approximately US$1,500 (Rs 1 lakh). While India struggles to maintain certain intellectual property rights, Indian courts do have a history of protecting internationally known trademarks. When the American brand Calvin Klein entered the Indian market, they discovered that an Indian company had already been using their trademark. Calvin Klein had registered their brand’s trademark internationally but not domestically in India. Despite this, the Indian court issued an injunction against the Indian company using Calvin Klein’s brand. Safeguarding your franchise from bankruptcy Gruelingly slow processing times for bankruptcy and insolvency have plagued businesses in India in the past. The new Insolvency and Bankruptcy Code, 2016 aims to ease the process by consolidating existing policies, regulating insolvency professionals, and accelerating processing times for bankruptcy cases. The success of the new Bankruptcy Code will, inevitably, be dependent on the effectiveness of its implementation. Contracts between franchisors and franchisees must take India’s Bankruptcy and Insolvency Code into consideration; contracts should clearly stipulate that a franchisor can terminate an agreement with an individual outlet if they file – or threaten to file – for bankruptcy. Preparing your franchise for effective conflict resolution India has recently made it easier for foreign companies to resolve disputes. But, foreign franchisors often prefer to take cases of arbitration to their home countries. Foreign franchisors have the option of stipulating in what country potential arbitration between the franchisor and franchisee would take place: the home country of the franchisor or India. India is a member of the UN Convention on the Recognition and Enforcement of Foreign Arbitral Awards, 1958 (otherwise known as the New York Convention), and therefore, recognizes and enforces international arbitration awards. Foreign franchisors usually insist on holding legal resolutions in their own home country. Franchisors often make this decision out of weariness at dealing with backlogged Indian courts and Lower Court judges who may not possess the economic understanding to process complex, multi-national issues. Arbitrations held outside India, however, cannot seek interim relief within the country. Do your due diligence: Regional tastes, regional laws Foreign franchisors have a lot to gain from entering the Indian market, so long as they take legal and contractual precautions. Not only must franchisors tailor their products for regional tastes in India, they must also modify their business models for regional laws and business norms. Beef, for example, is not only religiously and culturally taboo among many Indians but is also illegal in certain states. Foreign restaurant and fast food franchises like McDonalds have achieved success in India by replacing an otherwise beef-based menu with chicken and vegetarian choices. Foreign franchisors should be cautious and conduct due diligence when choosing their entry strategy into India. Above all else, franchisors should ensure that their contracts with franchisees compensate for the lack of franchise-related regulations in India.

1970-01-01

Qualities You must have for a Successful Franchise Business

Growth

Qualities You must have for a Successful Franchise Business According to statistics, franchising in India is evolving from its nascent stage witnessing drastic evolution and growth in the Indian business market. The industry recently clocked an annual growth rate of 30 percent, becoming the second fastest growing industry in India. Today’s customers are more into enjoying a particular service or product that makes it compulsory for a brand to maintain the loyalty and trust towards those customers. But the franchising industry is witnessing a stiff competition that requires a talent for standing out. For achieving success as a brand, it’s mandatory to understand yourself as a franchisee and later the market you are going to cater to. Also, business plans followed by marketing strategies play an essential role in achieving success. A Big Piece of Puzzle Franchising has become a big piece of the puzzle in this modern day business industry. Solid work, customer’s expectation, and business goals are few important pieces of the puzzle that are required for a franchise business to be successful. Focus on Reliability For establishing a brand that can sustain in this competitive business industry, several elements and factors need to be focused on easing the entire process. Reliability is one such important element. In the time where franchises could be seen making promises about their services and products and failing simultaneously, making the brand trustworthy and reliable could help the process of maintaining your brand’s value. Helpfulness Might Create Magic Competing in this competitive franchising industry is perfectly alright. But in order to become unique and successful as a brand, a relentless will of helping others could create magic for your brand, generating awareness and success as a brand. Thereby, implying the importance of each member of the organization could be the first step towards initiating helpfulness. Perseverance Is Necessity Franchises are usually seen giving up when things get out of control that leads to loss and further failure of the brand. This loss and failure could be fought back if business owners are perseverance by nature. For making big in the current franchising industry, franchisors need to motivate their staffs and employees to stay strong, adapt, and look for potential solutions instead of quitting in a harsh time. This article was originally published in Franchise India by Shahram Warsi.

2020-04-27

Dromise.com Releases Low Cost Franchise Buying Guide for 2020

News

Low cost franchises offer an option for entrepreneurs who may not have millions or even hundreds of thousands of dollars to invest in a business opportunity but seek the financial security and independence of owning a business. Typically ranging from less than 50,000 up to 10000000 in investment, low cost franchises are available in a number of industries. Dromise.com developed the Low-Cost Franchise Buyerês Guide as part of its commitment to helping potential franchise owners gather the necessary information and take the correct steps in the franchise buying process. The guide helps potential buyers navigate the process by offering an overview of the industry, a look at the types of cheap and low-cost franchises, the advantages, and challenges of buying a low-cost franchise, and more. –Low cost opportunities open up the possibility for business ownership to a larger number of people,” said Eric Bell General Manager of Dromise.com. –Though the investment is lower than many other franchise opportunities, the buying process can still be overwhelming for prospective franchisees. With these industries specific buyerês guides, we want to help those individuals navigate the process and really understand what to expect when looking to buy a franchise.” The Low Cost Franchise Buyerês Guide is available for download on the companyês website at: https://www.dromise.com About Dromise.com Dromise.com, a unit of Landmark Interactive, a division of Dominion Enterprises, is the leading destination for those seeking to invest in a franchise opportunity. Since 2017, Dromise and its network of sites have offered information on hundreds of business and franchise opportunities available in more than 100 industries. Dromise provides franchisors with a quality, cost-effective mode of franchise marketing.

1970-01-01

Dromise.com Releases Low Cost Franchise Buying Guide for 2020

News

Low cost franchises offer an option for entrepreneurs who may not have millions or even hundreds of thousands of dollars to invest in a business opportunity but seek the financial security and independence of owning a business. Typically ranging from less than 50,000 up to 10000000 in investment, low cost franchises are available in a number of industries. Dromise.com developed the Low-Cost Franchise Buyer�s Guide as part of its commitment to helping potential franchise owners gather the necessary information and take the correct steps in the franchise buying process. The guide helps potential buyers navigate the process by offering an overview of the industry, a look at the types of cheap and low-cost franchises, the advantages, and challenges of buying a low-cost franchise, and more. �Low cost opportunities open up the possibility for business ownership to a larger number of people,� said Eric Bell General Manager of Dromise.com. �Though the investment is lower than many other franchise opportunities, the buying process can still be overwhelming for prospective franchisees. With these industries specific buyer�s guides, we want to help those individuals navigate the process and really understand what to expect when looking to buy a franchise.� The Low Cost Franchise Buyer�s Guide is available for download on the company�s website at: https://www.dromise.com About Dromise.com Dromise.com, a unit of Landmark Interactive, a division of Dominion Enterprises, is the leading destination for those seeking to invest in a franchise opportunity. Since 2017, Dromise and its network of sites have offered information on hundreds of business and franchise opportunities available in more than 100 industries. Dromise provides franchisors with a quality, cost-effective mode of franchise marketing.

1970-01-01

A Guide to Franchising in India

Business

A Guide to Franchising in India India offers enormous potential for foreign franchisors who tailor their brand to fit into the country’s dynamic consumer market. India’s huge market has created a space for competitive franchises to thrive while rising incomes have enlarged the demand for foreign brands. To succeed in the Indian market, franchisors will need a robust understanding of the country’s regulatory structure due to the absence of comprehensive franchise-centric legislation. In this article, we explain the entry strategies for foreign franchises interested in establishing an Indian presence. We then highlight the legal precautions necessary for such companies to secure their position in the Indian market. Growing allure of foreign brands India’s franchising sector has steadily grown every year since 2008 and has the potential of hitting US$51 billion in 2017. Franchising fits well in India’s current growth and urbanizing trends. Malls – hubs for franchises – have mushroomed in the country’s affluent metropolises and even in tier-II and even tier-III cities. Rising personal disposable incomes among India’s urban classes has led to an overall increase in consumption and brand consciousness. Companies that simultaneously tailor their products to regional tastes while creating new market niches, can position themselves to tap into India’s rapidly growing and aspirational consumer demand. Domino’s Pizza, for example, opened their first outlet in New Delhi, in 1996 – at a time when relatively few pizza restaurants existed in the country. Now, the company boasts of over 1000 franchises across India – the largest number of outlets outside of its home country U.S. Further, foreign franchisors will benefit from India’s league of entrepreneurs. Many Indians consider franchises, especially those with a foreign reputation, as a relatively low risk means of establishing a business in the competitive Indian market. Choosing an appropriate entry strategy India offers several entry options for franchises, which include: Direct franchising; Master franchising; Regional franchising; and Local incorporation. Direct franchising is where a company creates a direct network of franchises. This works well for local companies with pre-existing experience in India. However, it can prove to be challenging to foreign companies entering India for the first time. Master franchising is where a company awards exclusive rights to develop a foreign brand to a local entity, often accompanied with a large investment made by the franchisor. The master franchisee is then in charge of developing the company’s brand either through cultivating a sub-franchised network or opening outlets owned by the master franchisee (though the two are not mutually exclusive). Regional franchising operates in the same way as master franchising but covers only a specific regional area as opposed to the entire country. Given India’s diversity along with the complexity of state-specific laws, many franchisors choose a regional franchising approach. Local incorporation is when a foreign franchisor forms a subsidiary company and awards it franchising rights in India. The American fast food chain Subway, for example, has established a subsidiary in India, which handles their franchising network. What sectors are most receptive to franchises? Successful franchises in India generally reflect larger global trends. The most successful franchises world-wide cater to middle class tastes and attempt to capitalize on consumers’ leisure time, whether they be retail stores, cafes, or restaurants. India offers additional avenues for franchising given the country’s high level of privatization in education and health care. The most successful franchise sectors in India are: Food and beverage; Hotels; Retail; Beauty and fitness; Health care; Medical services; and Education. Maneuvering through legislative gaps India does not have comprehensive legislation related to franchising, meaning there are no direct, potentially restrictive regulations on franchisors. However, this lack of direct regulation creates tremendous confusion as a patchwork of national and regional laws arbitrarily governs franchisor-franchisee relationships. The following laws impact franchisor-franchisee relations in India: The Indian Contract Act, 1982; The Trademarks Act, 1999; The Designs Act, 2000; The Patents Act, 1970; The Copyright Act, 1957; The Competition Act, 2002; The Foreign Exchange Management Act, 1999; Income Tax Act, 1961; The Consumer Protection Act, 1986; and The Arbitration and Conciliation Act, 1996. Given this regulatory ambiguity, franchisors must pay close attention when drafting and agreeing upon contracts with franchisees. A strong contract is essential in compensating for nonexistent or confusing regulations that can otherwise undermine franchise relations. Foreign investment and franchise establishment While franchisors may not imagine themselves to be investors, many franchisors inadvertently fall into the category of ‘foreign investors’, and are thus beholden to the rules of foreign direct investment (FDI). How do foreign franchises become foreign investors? When the franchisor directly owns outlets in India; or When a master or regional franchisee has some degree of corporate ownership. Many foreign franchisors open their own outlets in India, usually to capture a portion of the profits or simply to serve as a training facility for new employees. In other cases, a master or regional franchisee, which a foreign company partners with, may already have some degree of foreign ownership. In both cases, franchisors are participating in FDI. RELATED SERVICES Professional-Service_IB-icons-2017 SPEAK TO A LOCAL EXPERT ON FRANCHISING IN INDIA FDI regulations can dramatically reshape a franchisor’s legal responsibilities in India. For instance, the Reserve Bank of India (RBI) previously mandated that single-brand retail companies with over 51 percent FDI must source a minimum of 30 percent of the value of their goods from Indian companies. Now, relaxations to the FDI policy allows foreign retailers to meet this requirement – incrementally – within the first five years of their operations in India. Further, a retailer can source material from India for their international product lines but also have it count towards their domestic sourcing requirements. Most retail franchises fall into the single-brand category (retailers who exclusively sell their own products) and sourcing 30 percent of their products from Indian companies can prove to be difficult. Foreign retailers often struggle to secure regular access to quality products that can accommodate the scale of their production. Retailers selling specialty items – foreign perfumes or advanced technologies for instance – can find these domestic sourcing requirements particularly challenging. New franchisors should regularly monitor changes in FDI regulations. Protecting your brand With the Trade Mark Rules, 2017, India has created a faster, simpler, and more transparent registration process to trademark a brand. Furthermore, brands now have the option of listing their trademark on the Indian government’s ‘well-known’ trademark list, which provides increased security. Franchisors interested in being included on this list must prove the brand’s reputation and pay a fee of approximately US$1,500 (Rs 1 lakh). While India struggles to maintain certain intellectual property rights, Indian courts do have a history of protecting internationally known trademarks. When the American brand Calvin Klein entered the Indian market, they discovered that an Indian company had already been using their trademark. Calvin Klein had registered their brand’s trademark internationally but not domestically in India. Despite this, the Indian court issued an injunction against the Indian company using Calvin Klein’s brand. Safeguarding your franchise from bankruptcy Gruelingly slow processing times for bankruptcy and insolvency have plagued businesses in India in the past. The new Insolvency and Bankruptcy Code, 2016 aims to ease the process by consolidating existing policies, regulating insolvency professionals, and accelerating processing times for bankruptcy cases. The success of the new Bankruptcy Code will, inevitably, be dependent on the effectiveness of its implementation. Contracts between franchisors and franchisees must take India’s Bankruptcy and Insolvency Code into consideration; contracts should clearly stipulate that a franchisor can terminate an agreement with an individual outlet if they file – or threaten to file – for bankruptcy. Preparing your franchise for effective conflict resolution India has recently made it easier for foreign companies to resolve disputes. But, foreign franchisors often prefer to take cases of arbitration to their home countries. Foreign franchisors have the option of stipulating in what country potential arbitration between the franchisor and franchisee would take place: the home country of the franchisor or India. India is a member of the UN Convention on the Recognition and Enforcement of Foreign Arbitral Awards, 1958 (otherwise known as the New York Convention), and therefore, recognizes and enforces international arbitration awards. Foreign franchisors usually insist on holding legal resolutions in their own home country. Franchisors often make this decision out of weariness at dealing with backlogged Indian courts and Lower Court judges who may not possess the economic understanding to process complex, multi-national issues. Arbitrations held outside India, however, cannot seek interim relief within the country. Do your due diligence: Regional tastes, regional laws Foreign franchisors have a lot to gain from entering the Indian market, so long as they take legal and contractual precautions. Not only must franchisors tailor their products for regional tastes in India, they must also modify their business models for regional laws and business norms. Beef, for example, is not only religiously and culturally taboo among many Indians but is also illegal in certain states. Foreign restaurant and fast food franchises like McDonalds have achieved success in India by replacing an otherwise beef-based menu with chicken and vegetarian choices. Foreign franchisors should be cautious and conduct due diligence when choosing their entry strategy into India. Above all else, franchisors should ensure that their contracts with franchisees compensate for the lack of franchise-related regulations in India.

1970-01-01

Qualities You must have for a Successful Franchise Business

Growth

Qualities You must have for a Successful Franchise Business According to statistics, franchising in India is evolving from its nascent stage witnessing drastic evolution and growth in the Indian business market. The industry recently clocked an annual growth rate of 30 percent, becoming the second fastest growing industry in India. Today’s customers are more into enjoying a particular service or product that makes it compulsory for a brand to maintain the loyalty and trust towards those customers. But the franchising industry is witnessing a stiff competition that requires a talent for standing out. For achieving success as a brand, it’s mandatory to understand yourself as a franchisee and later the market you are going to cater to. Also, business plans followed by marketing strategies play an essential role in achieving success. A Big Piece of Puzzle Franchising has become a big piece of the puzzle in this modern day business industry. Solid work, customer’s expectation, and business goals are few important pieces of the puzzle that are required for a franchise business to be successful. Focus on Reliability For establishing a brand that can sustain in this competitive business industry, several elements and factors need to be focused on easing the entire process. Reliability is one such important element. In the time where franchises could be seen making promises about their services and products and failing simultaneously, making the brand trustworthy and reliable could help the process of maintaining your brand’s value. Helpfulness Might Create Magic Competing in this competitive franchising industry is perfectly alright. But in order to become unique and successful as a brand, a relentless will of helping others could create magic for your brand, generating awareness and success as a brand. Thereby, implying the importance of each member of the organization could be the first step towards initiating helpfulness. Perseverance Is Necessity Franchises are usually seen giving up when things get out of control that leads to loss and further failure of the brand. This loss and failure could be fought back if business owners are perseverance by nature. For making big in the current franchising industry, franchisors need to motivate their staffs and employees to stay strong, adapt, and look for potential solutions instead of quitting in a harsh time. This article was originally published in Franchise India by Shahram Warsi.