Franchising your business is the ultimate dream of every entrepreneur. The advantage of getting a business franchised starts with having other people invest in building and establishing the business in a specific and approved location.
It may be easier said than done. Franchising entails a lot of work before any action on offering a franchise may be done. It all begins with the business owner or entrepreneur believing on what franchising has to offer.
The basic model of the business must be well entrenched. This includes the ability to be clear on the business concept, identified products/services, the consumers aimed or targeted. Like any other business the financial health must also be identified.
Franchising is not just of paying for the investment, sign the agreement and begin operating. The center of franchising is on getting the two parties the franchisor and franchisee create a synergistic relationship.
The author,a former OFW, began his business of assisting Filipino Entrepreneurs in organizing and fortifying their business. Expansion is done via franchising. His website is http://gmb.com.ph/franchisingebook
This post sent by Armando O. Bartolome