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6 Advantages of Franchise Business
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[QUOTE="Suba, post: 296647, member: 3658"] Franchise Business is a form of cooperation between two parties in which the franchisee has the right to use the trademarks, products and business operational systems provided by the franchisor. Franchise business scheme The easiest business idea is to buy a franchise, because it is well known, so the possibility of success is very large. Franchisees only need to apply the same operational standards or guidelines. For example, if you buy a coffee drink brand, you will get it in full, starting from the production package, trained employees, raw materials, promotional media, outlet layouts, etc. Another example of a franchise business is Starbucks, Mc Donalds, Pizza hut, mini market, goods delivery etc. One of the disadvantages of a franchise business is that the franchisee must pay several types of fees, including: [LIST] [*]Franchise fees/license fees and rights are costs that must be incurred before the business is operated. [*]Royalty fee franchise fees that will be incurred after the business is running, generally paid monthly which is calculated from the percentage of sales. [*]The cost of raw materials or inventory must be purchased from a supplier appointed by Franchiso. [/LIST] In general, the franchise business is very profitable for both goods and services businesses, here are some of the advantages if you buy a franchise business, as follows: 1. Business can be operated immediately You don't need to hesitate to run a franchise business, because everything will be arranged and guided. 2. Professional Partners You don't need to think about how to manage your business and finances because all systems have been formed and will run smoothly. 3. Business Support and Training In general, training will be provided both for marketing and how to run a business. 4. Free Promotional Media Well-known franchise brands will make promotion easier, Franchiso already has a good strategy. 5, Running Business Easily The franchisor wants you as a franchisee to be successful and profitable, so they will try to fully support you. 6. High Success Rate As a franchisee, you don't need to be afraid of loss, because almost all franchise businesses are successful, because professional support, management and a well-known brand will greatly reduce the risk of failure. [/QUOTE]
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