September 27th, 2011
Explain the scenario of the franchise business in your country. Do you franchise business has good potential
jaja599 Question : Explain the scenario of the franchise business in your country. Do you franchise business has good potential
Introduction and history of the franchise in your country, the potential of this activity; franchise system of business support in your country are examples of agencies that help support and promote the franchise business; Advantages and disadvantages of franchise business , the necessary preparations to become a franchisee; Conclusion; r?f?rences.Meilleure response:
Answer by
Jammin246
I will do my best to answer some of these issues. First, the franchise began to take off in the 1950s. The advantages of the franchise it is proven and the support system. Franchises rarely fail, making it attractive enough to become a franchisee. The problem with franchises is that they take a cut of all sales and profits. In addition, they take franchise fee to get into a franchise. The advantages of this for you is that the owner of the company wants you to succeed so they can keep the profits coming in them. Chamber of Commerce, as always looking to help companies succeed in the city it serves, because when a company succeeds, they generate more revenue for the city. The benefits of owning your own business and not having a franchise is obvious ? You do not have to pay someone a break from your gross. But you do not have a support network, and likely to succeed, you are against you. Another disadvantage of franchising is many times that you have a freedom declined in what you can offer, because it must fall into their standards. Preparations to become a franchise usually means that you have the cash available and can buy the right franchise. Also, you must attend their course work and many times one of their franchises before starting your own. This gives you a sense of how a successful franchise is run. Conclusion It is very good to own a franchise. It is an almost guaranteed success, as well as franchises often offer promotions and advertisements at no cost to you (except the amount collected in gross sales). Take for example the success rate of a franchise ?. Jimmy Johns The last time I checked (2002) they had 100 franchises and out of the 100, two had closed ? two of which had closed one had been moved and was a success. This would amount to 99% chance that if you had a Jimmy Johns you would be successful. Versus starting your own business with a rate of 5 years of success for small businesses to 10%.
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