. |
![]() |
|
|
|
Kawasan Bisnis Granadha, 12th B Floor Phone: +62 21 255 39 388
JAKARTA Plaza BII, Tower II, 25th Floor SURABAYA Wisma BII 15th Floor,
|
| More About Franchise | |
Seven Secrets to Buying a Franchise There are great benefits to owning a franchise.
You often can sell goods and services that have instant name recognition
and can obtain training and ongoing support to help you succeed.
But be cautious before you sign on the dotted
line. 1. Know How Much You Can Invest - A franchisor
may tell you how much you can afford to invest or that you can't
afford to pass up this opportunity. Before beginning to explore
investment options, consider the amount you feel comfortable investing
and the maximum amount you can afford. 2. Know What Type of Business is Right for
You - A franchisor may attempt to convince you that an opportunity
is perfect for you. Only you can make that determination. Consider
the industry that interests you before selecting a specific franchise
system. Ask yourself the following questions: Have I considered
working in that industry before? Can I see myself engaged in that
line of work for the next twenty years? 3. Realistically Evaluate Your Own Background
and Skills - If the industry does not appeal to you or you are
not suited to work in that industry, do not allow a franchisor
to convince you otherwise. Spend your time focusing on those industries
that offer a more realistic opportunity. 4. Take the Time to Comparison Shop — Talk
to or visit several franchisors engaged in the type of industry
that appeals to you. Get answers to the following questions: • How long has the franchisor been in business?
5. Get Substantiation for Any Earnings Representations
— Some franchisors may tell you how much you can earn if you invest
in their franchise system or how current franchisees in their
system are performing. Be careful. The FTC requires that franchisors
who make such claims provide you with written substantiation.
Make sure you ask for and obtain written substantiation for any
income projections, or income or profit claims. If the franchisor
does not have the required substantiation, or refuses to provide
it to you, consider its claims to be suspect. 6. Avoid High Pressure Sales Tactics — You
may be told that the franchisor's offering is limited, that there
is only one territory left, or that this is a one-time reduced
franchise sales price. Do not feel pressured to make any commitment.
Legitimate franchisors expect you to comparison shop and to investigate
their offering. A good deal today should be available tomorrow.
7. Study the Franchisor's Offering — Do
not sign any contract or make any payment until you have the opportunity
to investigate the franchisor's offering thoroughly. The FTC's
Franchise Rule requires the franchisor to provide you with a disclosure
document containing important information about the franchise
system. Study the disclosure document. Take time to speak with
current and former franchisees about their experiences. Because
investing in a franchise can entail a significant investment,
you should have an attorney review the disclosure document and
franchise contract and have an accountant review the company's
financial disclosures.
|
|
| Opening a Real estate Franchise Business | |
| One of the greatest decisions and largest risks of a person or organizations life is starting a business. The next big decision? Whether or not to go franchise. A franchise business is one which is basically a duplicate of a previous business. The business owner rents the franchise logo and way of running the business. Examples of franchise businesses include...read more | |
| Seven Secrets to Buying a Property Franchise | |
| Know How Much You Can Invest - A franchisor may tell you how much you can afford to invest or that you can't afford to pass up this opportunity. Before beginning to explore investment options, consider the amount you feel comfortable investing and the maximum amount you can afford....read more | |
| More About Property Franchise | |
| Many people have been considering owning and
managing their own business. Getting into business is their way
of achieving their financial goals and needs. Some are also considering
getting into the franchising field. What is franchising? It is the method of entering a franchise agreement wherein two parties agree to do business with contractual provisions. The setting would be, one party has an idea of the business while the second party will do the business of the other party and pay for its name and reputation.....read more |
|
Other Categorys |
Please select other category Automotive Computer Course
& Education Entertainment Fashion,
Style, Apparel & Jewelry Fast
Food & Bakery Health
Centre, Spa Household
& Hotels Laundry
Services Real
estate & Property Restaurant
& Café Retail,
Outlet & Minimart Tour
& Travel
|
| Home | Local Franchise | International Francais | Franchise Articles | Other Opportunity | Contact Us |
|
©2005-2006 www.Franchise-Id.com |