Did you know that the global franchise market is set for incredible growth? Projections suggest a total value of USD $1.6 trillion between 2022 and 2027, with a remarkable compound annual growth rate (CAGR) of 9.58%. The Singapore franchise market is also positioned for promising expansion, fueled by the city-state’s robust and resilient business environment. Want to ride the wave of this incredible success? Discover how VKT can help you to build a successful franchise business model. Let's delve right in now!
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Building Your Franchise Dream Beyond Singapore
Did you know that on average, a new franchise opens every 8 minutes during a single business day? Franchising is emerging as a transformative force that is reshaping the contours of entrepreneurship and corporate expansion. Keep reading to learn about the potential of franchising, the challenges you need to take into account, and the key steps for success.
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4 Branding Must-Haves Before You Franchise
Branding plays a vital role in the success of any business, particularly with franchising arrangements where the business is represented by numerous franchisees. As a potential franchisee or franchisor, understanding the significance of branding and successful branding strategies is essential. Keep reading to know the three branding must-haves of franchising to stand out from the crowd!
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Case Study: Franchising Success: The MindChamps Expansion Story
The founder of MindChamps devoted 10 years to researching and developing testable, multi-disciplinary curricula that he could prototype and deliver on a broad scale. With over 81 outlets in Singapore, Australia, the Philippines, Myanmar and Indonesia, read on to learn how they achieved franchising success.
Why Franchising Is Poised For Growth In Asia
The Asia-Pacific region contributes to over 30% of all franchised businesses worldwide. International brands, as well as local enterprises, are increasingly drawn to Asia. Asia’s vast population, burgeoning middle class and evolving consumer preferences make it a strategic playground for global expansion. Read on to find out why franchising is poised for growth in Asia.
READY TO START YOUR DIGITAL MARKETING JOURNEY?
VKT offers Strategic Consulting, a full-fledged Digital Marketing Services and People Development Programme focused on accelerating your company's growth. Expect not only solutions in Performance Marketing but also a variety of other services ranging from Branding to Social Media Management.
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With our experienced MRA & EDG Certified Consultant, VKT boasts a proven track record in achieving a 100% EDG application success rate with up to 50% funding. Take action today - Contact Us for a virtual coffee chat to discover more about how you may start your digital marketing journey and leverage our expertise!
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