Podcast
Questions and Answers
What is the main reason for diversifying a franchise portfolio?
What is the main reason for diversifying a franchise portfolio?
- To protect from serious loss if one business faces challenges (correct)
- To follow passion rather than randomly selecting franchise brands
- To reduce the need for strategic decision-making
- To increase competition among different franchises
Why is it important to vary your franchise portfolio?
Why is it important to vary your franchise portfolio?
- To centralize your investments for easier management
- To limit the need for market knowledge and creative energy
- To focus on a single brand for better brand loyalty
- To avoid putting all of your eggs in one basket (correct)
What does diversifying a franchise portfolio help reduce?
What does diversifying a franchise portfolio help reduce?
- Volatility and risk (correct)
- Brand loyalty and market presence
- Income and stability
- Competition and market knowledge
What is the ideal time for diversifying and growing a franchise portfolio?
What is the ideal time for diversifying and growing a franchise portfolio?
What does diversification allow franchisees to apply to another brand?
What does diversification allow franchisees to apply to another brand?
Putting all of your eggs in one basket can lead to failure in the franchise business world.
Putting all of your eggs in one basket can lead to failure in the franchise business world.
Diversification is not important for a successful business portfolio.
Diversification is not important for a successful business portfolio.
Franchisees should randomly select franchise brands without following their passion.
Franchisees should randomly select franchise brands without following their passion.
The disruption brought on by the pandemic has made it a bad time to diversify and grow a franchise portfolio.
The disruption brought on by the pandemic has made it a bad time to diversify and grow a franchise portfolio.
Adding concepts in different industries to a franchise portfolio will reduce volatility and risk.
Adding concepts in different industries to a franchise portfolio will reduce volatility and risk.
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