How can I find experts who have experience in expanding their business through franchise, employee ownership, or another model?
I am exploring whether the foundation for my business will be franchise, employee ownership, or another model. My goal is to expand my health studios. I'd like to connect with some experts who have made this decision and share some advice on making this decision. Any idea where I can best connect with some experts?
Yes, I think I can share at the moment. I am referring Indian market. You have to device a business model which extends traditional belief of customers into modern upgrades and updates. You can target urban poor's, qualified global burn outs, fresh try entrepreneurs, according to the judgemental gauge and data from internet or local consultancy you can find who can do what at their best at this point of time? have telephonic conversation. Then a video call. This will filter your options and then profile exchange and terms of business can be finalised by visits or local market mentors or consultants whom you can outsource for the time being.
You have gotten quite a few responses here and were given many great suggestions. I believe that you can make the best decision if you engage with many experts from this forum, LinkedIn, etc. and get all of your questions addressed before you 'take the plunge'!
I think your first step should be to analyze what you have accomplished thus far with your health studios. Have you been successful and proven the model in multiple regions or are you still a "one-hit wonder"? Was it your strength of personality or passion for the concept that made your business successful, or will this be repeatable by regular people in Anytown, USA?
If you decide that the concept is ripe for expansion, I suggest reading a few great books, i.e. 'Street Smart Franchising' by Joe Mathews, 'Grow Smart, Risk Less' by Shelly Sun, and 'Five Pennies' by Lonnie Helgerson to get the inside track on the franchising option.
Expansion through employee ownership may be the toughest option considering that you may not have enough trained employees who also have the financial ability to expand your Brand at the rate you want. Slow and steady expansion invites lots of competition and copycats.
Another option may be Licensing, but you must be careful not to cross the line into being a franchise without taking the legal steps to actually become a franchise, or you will be at terrible risk.
Please let me know if I can be of more assistance!
we Can discuss the case what ever you need if you explain what exactly your requirement .
i have some relation all over the business.
I would happy to talk to you regarding different Business model, we here to suggest you online business promotion to related agency and company who are looking expand there business. We can discuss in detail once we get in touch.
I would suggest that you grow organically - thats the best way- franchises do not have a long shelf life.Recommend you consult with HR and process consultants who will streamline your processes and practices
Business growth has different models for expansion,
1. you could consider synergistic approach
2. low cost services approach from a demand based approach
3. central based approach where you consider using marketing as the tool
However we can explore few options, before a final decision is made with feasibility reports...
let get talking'
Best is to meet people that have started like you with a Health Studio and created a good company first and following their advice. Knowing what is the pitfalls and traps will help you to make better decisions.
Hope it helps, yet one thing that is always helps is good client service and making sure you have happy employees. Success will follow likewise.
You need to have a target of what you are working on & then start exploring by different methods for e.g. franchise or networking model, this would however depend on your product or services & based on that you have to make decision.
My forte is developing any kind of business by different methods, I can share that once you can gave me the business in detail.
Social media is good choice for you and according to my study Linkin is the collection of professional profile,please search on Linkin,...
There are many variables in making the decision that is before you. Business models rely on an understanding of the costs involved with starting maintaining and expanding of a business and they vary widely. When gathering advice on this, you should see at least three or more sources to allow for different perspectives to enlighten you. One place you can get these perspectives is through SCORE which has chapters around the United States and is comprised of experienced and mostly retired business people who have not only made the decision you are about to make, but can tell you what they regret or embraced about the results of the decision.
A second place to get advice without the expense is to enlist your local business school. If you have a college or university near you, you may be able to enlist the faculty who often has practical experience which can assist you as well. Lastly, business incubators often have advisors who are experienced in business and who can assist in the decision making through business modelling, legal research and other topics you will need to consider
Of course, if you wish to hire a person to do this work and be your consultant on this matter, I would be happy to negotiate a reasonable performance based arrangement.