10 Questions
What is the main reason for diversifying a franchise portfolio?
To protect from serious loss if one business faces challenges
Why is it important to vary your franchise portfolio?
To avoid putting all of your eggs in one basket
What does diversifying a franchise portfolio help reduce?
Volatility and risk
What is the ideal time for diversifying and growing a franchise portfolio?
In the post-pandemic world
What does diversification allow franchisees to apply to another brand?
Business acumen, market knowledge, and creative energy
Putting all of your eggs in one basket can lead to failure in the franchise business world.
True
Diversification is not important for a successful business portfolio.
False
Franchisees should randomly select franchise brands without following their passion.
False
The disruption brought on by the pandemic has made it a bad time to diversify and grow a franchise portfolio.
False
Adding concepts in different industries to a franchise portfolio will reduce volatility and risk.
True
Discover the advantages of creating a diverse multi-brand franchise portfolio in the post-pandemic business landscape. Learn how diversification can lead to a successful and resilient franchise portfolio, providing insights on maximizing profitability through owning multiple franchises.
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