Resources
Choosing A Franchise Directory On The Internet
By Charlie
Starting a small business from scratch brings a considerable risk. If you want to start your own business while avoiding the risk of starting a new business then you might be a great candidate for Read more...
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Resources
All About Franchise
By Keith George
Franchise according to the dictionary means “Granting authorization to someone to sell or distribute a company´s goods or services in a certain area or certain places”.Franchise is a license Read more...
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Resources
Exploring The Franchise Option
By Ford R. Myers
In today’s challenging economy, many people feel that they have lost a sense of control over their careers. Widespread corporate layoffs and downsizings have made the job market a tenuous environment Read more...
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#Welcome to
Dhyansanjivani... franchise world - your comprehensive franchise resource.
Below, you'll find most information
on leading bookkeeper franchise articles and products to help you on your
way to success.
Why Franchise Your Existing Business?
Let's say that you own your own pizza business. You have been working very hard for many years to establish your business. Your efforts have paid off. You are very successful. Except for the long hours that you have worked, your wife and kids are very happy. It is a good life. Yet something is still missing. You still have that burning desire to grow and expand your store by adding additional locations. And more income would always be nice! But you know how many hours you already spend working in the store. You just don't know where you could find the time to devote to additional locations. You know that absentee ownership does not work very well. To be successful one has to be there watching the store working many hours. And you can't be in more than one place at once. If only you could clone yourself!
And then there is the need for additional capital. It costs a lot of money to open another location. Sure you have been successful, but little Johnie's soccer costs a lot of money too. Perhaps you could borrow the funds, but that adds additional expense which eats into your profit margins. So how do you expand?
That is where franchising your business comes in to play.
With franchising you can utilize the talent and capital of others. When you sell your rights to a franchisee, you will be passing on your proven business model. Included with that will be everything that is needed for the franchisee to be successful. You can grow as quickly or as slowly as you wish by controlling the number of new franchised units every year. You will receive an upfront fee (something in the $10,000 to $50,000 range is customary, but I have seen them as low as $100 and as high as $100,000 or more). For the most part these fees do nothing more than cover the costs associated with advertising, recruiting, and training any new
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