10 Questions
Why is diversification important for a franchise portfolio?
To protect from serious loss if one business faces challenges
What is the suggested approach when growing a franchising portfolio?
Choosing concepts strategically based on passion and market knowledge
What is a potential benefit of adding concepts in different industries to a franchise portfolio?
Adding further income and stabilizing the portfolio
Why is the post-pandemic period considered an ideal time to diversify and grow a franchise portfolio?
To take advantage of the disruption and apply business acumen to another brand
What is the analogy used to emphasize the importance of diversification in a franchise portfolio?
Keeping a portfolio of different stocks to diversify investments
Franchise diversification is not necessary in a post-pandemic world.
False
It is advisable to randomly select franchise brands when growing your portfolio.
False
Adding concepts in different industries to a franchise portfolio can reduce volatility and risk.
True
It is not important to follow your passion when choosing franchise concepts.
False
The disruption brought on by the pandemic makes it a risky time to diversify and grow a franchise portfolio.
False
Discover the advantages of diversifying your franchise portfolio with this quiz. Learn how owning multiple franchise brands can lead to greater success and resilience in the post-pandemic business landscape. Explore the benefits of spreading your investments across different franchise opportunities.
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