Sunday, March 31, 2013

The Right Way to Franchise My Business

By Fred Gagnon


Franchise ASAP, will do a comprehensive franchise development and would really love the opportunity to convey to you how franchising your small business could help you prosper very easily.

We wish to impart our totally free eBook, "The Advantages of Franchising", with you. Our eBook is a result of being questioned repeatedly by business owners, why should I franchise a business? Below is a preview from our eBook:

THE ADVANTAGES OF FRANCHISING

Franchising will be the American Dream, with a safety net. It's the most effective merger of large-organization efficiency together with small-entrepreneur inspiration ever devised. Not every successful business should franchise, but given the right situation and concept, it could be an extraordinary wealth-producing strategy for the business that is franchisable. Let's start with answering just what is a franchise business?

Franchising is amongst the most popular forms of business expansion within this century. So, let us analyze the pros and also the cons of why business owners franchise a business.

THE PROS

Capital: Franchising is a technique of business expansion that enables a business to grow rapidly with a minimum of its own capital. We know of just one effective way to grow without letting go of control over either your business or its assets and that's by selling franchises. The funds you will get from the franchise fee will usually do little more than pay your expenses for finding and training your Franchisees. A group of Franchisees making use of your brand and producing a 10 year royalty stream is a type of capital.

Image: On the local level, the Franchisee is definitely a visible member of a community or neighborhood. A local Franchisee typically provides a higher degree of community commitment and engagement with customers than does an absentee owner.

Profitability: With a Franchisee active in the hands-on operation of a franchise, labor costs is often held down, permitting a unit to become profitable with a smaller population base (and quite possibly with reduced sales levels) compared to other units may require.

Efficiency: Local owner-managers can usually operate their units with more efficiency and much less bureaucracy than the usual company-run unit. The Franchisee is also more attuned to changes their particular unit might need to adjust to their community.




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