About the Author
Shem C. Tayanes Jr.
A computer enthusiast and business entrepreneur.
My other blogs:
filmfamous
techspade
Are you thinking of going into business via franchising? Franchising involves paying a companyfor the use of its known name, it's formulae and strategies for business marketing and operations. As a franchisee one is answerable to the franchiser's marketing direction and only owns the assets purchased to establish the business.
One major consideration in getting a franchise is cost: Having a start up capital is one qualification, the exact cost depend on the franchise you are getting. The franchise should be thorough when reviewing the franchiser's business plan, operations manuals, and market data. He or she should take careful notes of each franchise opportunity, ask questions regarding policies, and term of service. Franchisee should also take time to study the financial performance the franchise he is getting into. On the other hand, a good franchise could provide support in the following areas:
1. Assistance in looking for a good location.
2. A field consultant who visit regularly and gives advise to franchise.
3.Support in term of suppliers. The franchise company can do bulk purchases and pass the savings to franchise units.
4. A good business plan
5. A thorough training program.
Published by Shem C. Tayanes Jr. on April 27, 2008 09:42 PM
