Franchise Your Business: The Perfect Business Model?
Is Franchising the Perfect Business Model?
Why do we ask? It is the ideal business relationship and if it’s handled correctly, all parties involved can come out ahead and well managed relationships produce some of the world’s most powerful brands (Coca-Cola, Ford, McDonalds, etc). Franchising allows businesses to grow faster than other means and franchisees to build businesses without the level of risk that comes with a new start up company.
How does it work? Franchisors develop a package that allows a franchisee to learn from and leverage their experience, systems and business model so that they may start a location for themselves.
How does franchising apply in today’s market? Financing is difficult, but if prepared and armed with the right plan, franchisees have a higher likelihood of obtaining funding to start a new business. With a difficult job market, starting a business presents a strong opportunity for most professionals.
How does Franchising Contribute?
- Franchising extends the Global Marketplace, connecting people around the world. (Intercontinental Hotels building units in Iraq)
- Franchising pushes the advancement of technology (Pizza Hut ordering via iPad)
- Franchising drives the economy – in 2011, new franchisees will borrow $8.4 billion to open up franchise businesses.
- Franchising creates growth – There will be almost 200,000 franchises opened in 2011 according to the Wall Street Journal
- Franchising creates jobs – On average, each franchise opened in the United States creates 20 new jobs.
For more information on how to franchise your business or how to buy a franchise, contact us: https://www.fmsfranchise.com/contact/
Phone: (800) 610-0292
Email: [email protected]
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