Curious about what it takes to find the right franchise partner for a successful business? In this conversation with the founder of Baozi Momos, a fast food chain with more than 30 branches across India, we delve into the key qualities and experiences needed in a franchise partner to ensure the continued growth and reputation of the brand.
Question: When you give someone a franchise, what qualities do you look for in a person to ensure they run the business well and maintain the reputation you’ve created?
Founder of Baozi Momos: When we look for franchise partners, we hold meetings with them to get to know them, to understand what they do and how they think. A lot of young people are eager to start businesses—some have even completed hotel management courses and want to jump straight into starting a business. However, if they lack real-world experience, their mindset might not align with what is required to successfully run a business. I always suggest that before starting any business, it’s crucial to first gain some work experience. This experience helps you understand how the world works and what it takes to succeed in business.
