Podcast
Questions and Answers
Why is diversification important for a franchise portfolio?
Why is diversification important for a franchise portfolio?
- To simplify the management of the franchise portfolio
- To maximize profits from a single business
- To minimize the number of franchises owned
- To protect from serious loss if one business faces challenges (correct)
What is the suggested approach when growing a franchising portfolio?
What is the suggested approach when growing a franchising portfolio?
- Randomly selecting franchise brands for diversity
- Focusing solely on concepts within the same industry
- Choosing concepts strategically based on passion and market knowledge (correct)
- Avoiding adding concepts in different industries to reduce volatility
What is a potential benefit of adding concepts in different industries to a franchise portfolio?
What is a potential benefit of adding concepts in different industries to a franchise portfolio?
- Increasing the complexity of managing the portfolio
- Adding further income and stabilizing the portfolio (correct)
- Reducing the need for applying business acumen and market knowledge
- Raising the risk and volatility of the portfolio
Why is the post-pandemic period considered an ideal time to diversify and grow a franchise portfolio?
Why is the post-pandemic period considered an ideal time to diversify and grow a franchise portfolio?
What is the analogy used to emphasize the importance of diversification in a franchise portfolio?
What is the analogy used to emphasize the importance of diversification in a franchise portfolio?
Franchise diversification is not necessary in a post-pandemic world.
Franchise diversification is not necessary in a post-pandemic world.
It is advisable to randomly select franchise brands when growing your portfolio.
It is advisable to randomly select franchise brands when growing your portfolio.
Adding concepts in different industries to a franchise portfolio can reduce volatility and risk.
Adding concepts in different industries to a franchise portfolio can reduce volatility and risk.
It is not important to follow your passion when choosing franchise concepts.
It is not important to follow your passion when choosing franchise concepts.
The disruption brought on by the pandemic makes it a risky time to diversify and grow a franchise portfolio.
The disruption brought on by the pandemic makes it a risky time to diversify and grow a franchise portfolio.
