Big Bazaar has become a household name, and that is what a brand should aim to become. The success of Big Bazaar is enviable for all the good reasons, which is why there are startups and aspiring businessmen who want to grow under the wings of such a big brand
Here are important steps for those budding businessmen who want to get Big Bazaar franchise:
It does not matter whether you join a big or small brand, for your personal growth you have to work hard, with dedication and show your commitment towards the growth of the business as well.
Moreover, big brands come with huge responsibilities, you better evaluate yourself if you can spare your holidays, long weekends, extra working hours and meet the financial needs as per the company demand, only then you step forward to join the franchise bandwagon of Big Bazaar.
Before jumping into the line, it is very important to do all the legwork, speak to other franchisees, which have already been part of Big Bazaar for some years. Legwork comprises of visiting the parent company, learn the art of aligning your ideas with the companies’ requirements and rules.
Research the growth of other franchisees and how they function so that you can learn from them because once you start the business, there will hardly be any room for making changes or deciding on continuing the business.
Secure Funding and Investments:
To begin with making sure that you have enough capital for making the investments, which will be required to set up the franchising retail shop. If you are not confident enough then you can proceed with your decision, or else you can also request a loan from the banks.
There are banks and people who would like to invest in your business, try to convince them with your business plan. Make sure to have enough capital until you see the bright light of profit on the horizon of your business growing.
Sign the Agreements and Licenses:
Once you have secured the financial needs, finalized the location it is time to make your partnership official. Sign all the documents and agreements related to the business deal with the parent company.
Whatever license the company assigns or asks you to provide, make sure finish all the legalities, get all the permits and follow the rules made by the company. The franchisor will likely have background knowledge of the permits and insurance needed to operate their business system.
Hiring and Training:
After all the formalities done, now it is the time to hire your staff. Make sure to hire sensible, experienced and people with good work record in senior positions, who can guide the junior or inexperienced staff. You cannot individually keep an eye on every employee or train them for that matter, which is why experienced seniors can handle them.
Also, the staff needs to be efficient and smart to take care of the customer’s needs and should be able to solve problems occurring impromptu.
Once all the set up is done, hired required staffs, shelved all the items in their place, now is the time for the grand opening. Since Big Bazaar is a household popular name, people should know about the opening, which is why the pamphlets for the opening should be circulated to the public through all the available social mediums.
If you put up special offers for the first 100 customers or any other offer as such, then there are chances of huge turn up of customers on the grand opening. Make the first impression, impressive enough to stay in people’s heart for a longer time.