Franchise Feasibility Study PDF

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A Feasibility study...

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FRANCHISE FEASIBILITY STUDY -A feasibility study considers many factors, including economic, technical, legal, and scheduling to determine whether a project can succeed. Whether a project is feasible or not can depend on the project's cost and return on investment, which might include revenue from consumers. The feasibility study would be completed prior to the business plan. The feasibility study helps determine whether an idea or business is a viable option. The business plan is developed after the business opportunity is created. The feasibility study is conducted before the business plan. A business plan is prepared only after the business venture has been deemed to be feasible

DESIGNING THE FRANCHISE SYTEM -Designing a proper franchise system is a creative activity and entails developing a strategic plan, which needs to be written and have a logical flow of information. The strategic plan provides management with a road map for the company, with defined tactical actions that achieve the company’s objectives. It needs to include benchmarks that can be measured in real time against accomplishments and predetermined targets or expectations. Designing an effective strategy for any company, including a franchise system, necessitates a deep dive into all aspects of company’s business....