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Unveiling the Secrets: Why Franchise Businesses Fail in India
Franchise businesses in India present a promising opportunity for aspiring entrepreneurs to join successful brands with proven business models. However, not all franchise ventures thrive, and many encounter challenges that lead to failure. In this blog post, we will explore the reasons behind franchise business failures in India, shedding light on this fascinating topic.- Inadequate Research and Due Diligence:
- Lack of Business Skills and Experience:
- Franchisor-Franchisee Relationship Issues:
- Financial Mismanagement and Insufficient Capital:
- Lack of Local Adaptation and Innovation: