By Gordon Clark
Procuring a franchise is a crucial selection. This advisor takes the reader via all of the components had to arrive at a choice. With franchises, an individual enjoys a number of the merits of a longtime company, akin to a attempted and established services or products, a suite of verified operational guidance and commonly, a high-quality thought of even if the structure will paintings in a selected zone or place. besides the fact that, it is going with no asserting selection to go into right into a franchise just isn't taken calmly. This e-book will help in the method of discovering.
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Extra resources for A Straightforward Guide to Buying a Franchise: Changing Your Life with a Business That is Right for You
Customer service is paramount. Everyone wants to feel that they are a valuable customer and that they will be treated well and that the product they receive is quality. All too many business fall over in this regard and lose custom because of it. A good franchisor with a strong brand will offer training and support in this area. ■ There are pro’s and con’s of buying a new franchise business as opposed to an existing franchise which should be considered carefully. ************** Chapter 4 Searching For the Right Franchise and Asking The Right Questions Where can you find details of franchises for sale?
The amount - How much are you looking to borrow? How do you intend to pay back the money? How much risk is involved? 6 the legal agreement The franchise agreement What is the Franchise Agreement? The Terms of the agreement What should I look for in a franchise agreement? 8 The ongoing management of your business The initial phase of the business Finding premises Buying equipment Recruiting staff Employing People What are my responsibilities as an employer? Discrimination and the law Main points from Chapter 8 Part 2.
Does this fit into your current lifestyle and would you have to make radical changes to accommodate the new business? e. are you as a person cut out to manage a business? The pro’s and con’s of franchising As we have seen, many franchise models have the potential for decent returns but for sure there’s a lot of hard work involved. This will differ according to the franchise of course but certainly in the early years a lot of time and effort is needed. Like all business ideas, there are pros and cons – deciding whether a franchise will work for you is essential as the start-up costs can be considerable.