1. What is the franchise in your opinion?
I think franchising is a fantastic business, it's fantastic for franchiser
that can expand their business using other people's money and fantastic for the
franchisee who can isolate all the risks of creating your own business,
investing in one that is already justified and successful. In fact, you copy
method marketing strategy that works. The franchise is much less risky than
creating your own business independently.
Interesting fact: if we are going to open their business together from
scratch, statistically we have only 55% chance that we will be able to stay
afloat. Why? There are a lot of nuances. For example we can choose is not the
correct location or not the right product or service or if we never did
business before, we might lose money before you understand how to lead. If we
pokupaem franchise together, statistically we have more than 90% of chance that
our business will survive. If this scheme works for other people, and why it
does not work for you?
2. How does the franchise?
You make a bid, you spend a large number of meetings, you should meet with
other franchisee in the system and then to sign a contract, usually for 5 years
and you pay for them. Then start training which cover all aspects of the
business, especially sales and marketing. While franchiser will promote the
further your deductible, it is important for you to understand that you are
responsible for your own marketing, on your own territory. Partially you will
be helping franchiser, advising you and offering you tried and tested
strategies to support you and get profit for yourself. This can be a percentage
of turnover or royalties paid weekly or monthly.
You will get the territory for your sales, where you can operirovat. The
territory is typically defined by the number of people that will at best be
able to cover your business or it can be selected as a city, country or part of
the city. But it must be analyzed to give you the opportunity to receive a good
turnover from your investment.
In addition, you will receive a license which will allow you to use the
company's name and trademark, which are used by the business. Franchising very
inert, you need to be satisfied that this is the right franchise for you, and
franchiser should be uweren that you have what it takes to be successful.
3. What are the benefits of becoming a franchise?
With franchising you have no problems associated with the business which
you create yourself. These problems are already solved for you, you save a lot
of time and a lot of money. You are your own boss, to pay yourself as much as
you are able to earn, you have a stable income. If you want to leave the
business, you need something to sell. You need to build a valuable customer
base. And when the time comes to leave, somebody zaplatit you a premium for the
work done.
4. I need to be successful?
Franchiser is looking for ambitious and motivated people, good managers
with leadership skills and komunikatywnym. People who have a lot of Energie and
enthusiasm and are not afraid of hard work. Achieving financial success is
important, too, you must improve your ability to conduct business for the
financial stability of your company.
Remember, the entry into the franchise is an important decision and most
often of all it means change your career. Think about all this consciously, do
your research and discuss the possibilities with your family and with your
friends.
5. What if I never ran your own business? What assistance will I receive?
If you never had your own business, don't worry. Franchiser will give you
all you need to put your new business on its feet and ensure its success. This
will include the trainings, the involvement of customers, equipment and various
tips for creating your business plan. Remember, he will not receive any money
until you receive money. So it's in his best interest to maintain your vital
functions. A franchise will give you brand that will be chosen among produktov
with the same functionality and possibly with the same quality. Based on the
psychology of buyers, people will go for the brand which they know and which
believe.
The slogan of the franchise "You're in business for yourself but not
by itself", you're part of the team that are here to help each other,
exchange ideas and share experiences under the umbrella of a franchise to
support.
Tony Fitzpatrick
