ekcjkg692t
Joined: 19 Jul 2013
Posts: 2121
Read: 0 topics
Warns: 0/5 Location: England
|
Posted: Tue 13:57, 13 Aug 2013 Post subject: www.msc-sahc.org/moncler.asp Advantages of a Busin |
|
|
A Franchise Opportunity has numerous benefits over starting a business on your [link widoczny dla zalogowanych] own. The major reason why it pays to become a franchisee is that you are much more likely to still be trading profitably after five years of [link widoczny dla zalogowanych] trading. Over [link widoczny dla zalogowanych] eighty percent of new start ups fail within the first five year!
When one buys a business from a franchisor they receive a detailed training programme. This covers all aspects of running a business. The training programme is critical in ensuring that your [link widoczny dla zalogowanych] business runs smoothly.
It is the franchisors interest for the franchisee to succeed as then they receive a higher royalty payment. This also serves to attract new people to their franchise system. The more that succeed with the business the easier it gets to attract quality people.
The franchisee also benefits from all the logos, stationary, brochures and websites that have been created. Someone starting a business on their own has to spend a huge amount of time in just creating a brand image.
Most lenders are willing to offer a higher percentage of funds required to start a business to potential franchisees than if they were starting a business on their own. This is because they recognise the potential of buying a franchise. They also have to protect their investment in the business and realise that their money is much more likely to be repaid by someone buying into a [link widoczny dla zalogowanych] franchise.
The franchisor even assists the franchisee with the territory. Usually this advice is free unlike when one starts a business [link widoczny dla zalogowanych] on their own. The market research and advice on territories likely to succeed [link widoczny dla zalogowanych] might have [link widoczny dla zalogowanych] cost the franchisor a serious amount of cash but is yours for free if you buy into his systems.
The franchisor will even help the franchisee [link widoczny dla zalogowanych] to secure planning permission using their knowledge acquired through years of experience. Trying to tackle this maze on your own without paying for specialist advice is a minefield. Paying for specialist advice costs a small fortune which is why most new business owners do not do it.
By buying into a franchise business almost nothing is left to chance. Your stock levels are predetermined [link widoczny dla zalogowanych] by the franchisor and have been based on years if not decades of experience.
Starting a business is only the first phase in achieving profits. This is where the ongoing support and further training if required comes in. Most franchisors provide further training at favourable prices. They only usually try and recuperate their costs without trying to make a profit on their training programmes.
When it comes to advertising on a national scale the franchisor can achieve true cost savings. They can negotiate national rates and then spread the costs throughout their franchise network. The franchisee does not need to worry about the logistics of creating an advertising campaign and benefit from the expert knowledge [link widoczny dla zalogowanych] of the franchisor.
The downside is that even though you are running a viable business that generates a decent profit, it is unlikely that you will ever create a new empire. Starting a business on your own has huge risks but the potential upside can be huge if you enter the market at [link widoczny dla zalogowanych] the [link widoczny dla zalogowanych] right time and in the right place.
In my opinion though, the benefits of buying into a franchise far out way the risks in starting a business on your own. If you are seeking to reduce the risks associated with going into business on your own then a franchise business might be right for you.
Naz Daud is the founder of CityLocal. This Business Franchise Opportunity is for people who would like [link widoczny dla zalogowanych] to work from home [link widoczny dla zalogowanych] and be their own boss.
The post has been approved 0 times
|
|