To select a franchise, a lot of factors to be considered. Starting from understanding the franchise itself, the governance of his franchise, the main points of agreement and cooperation patterns of franchise contracts both locally and internationally, the financial aspect comes to the owner the owner of the alias Franchisor franchise.
Maybe I was not able to dissect all the tips on choosing a franchise over in detail because of the limitations of my knowledge. But clearly, it is necessary prudence in selecting a franchise, like choosing a spouse. One of the tips on choosing a franchise is to look at franchisornya.
Here I will review how to assess a Franchisor, in accordance with the knowledge I had acquired indirectly from Mr. Bambang Rachmadi, a franchise expert and founder and owner of McDonald’s Franchise Indonesia.
1. How long Franchisor to his business.
Franchisor that we choose must have experience in business he had a commitment. Choose the Franchisor who have engaged the business for at least 2-3 YEARS. If not a businessman, at least he had worked as an employee in the same area more than 2 years and know the management where he worked.
2. There is evidence of success.
In addition to his experience, we need to know is the Evidence of Success of dijalankannya business. At least we must know the financial reports for a minimum of 2 years. Franchisor may indicate success. But keep in mind, we also need to know HOW DO PEOPLE BECOME THE EXPERIENCE previous franchises. How is the branch? There is a restaurant that the number of branches explodes quickly, but then fell out one by one.
3. Nice and unique products.
Choose a company that sells quality products and well liked by many people. Products that we choose well GROWTH EXPERIENCE products, not a product that already saturated the market / industry, jenush market walaupu really just a myth.
4. The system has been tested successfully.
Good Farchisor by Robert T. Kiyosaki, offers BUSINESS SYSTEM. Buying a franchise means buying the system. Brand is only one key to success. Another important key is the system. The system here includes production management, finance, marketing, supply and logistics flow and human resources.
5. Having knowledge that can be transmitted.
Franchisor must have the resources based on KNOWLEDGE.
6. Franchisor must have the entrepreneurial spirit and orientation.
Prospective franchisee should consider whether the Franchisor has PROACTIVE attitude, ABILITIES innovate, and the WILL TO TAKE RISKS.
7. Track record and entrepreneurial lifestyle brand holders.
Often heard the news of fraud under the pretext of investment? The most important lesson here is to carefully track record franchisornya. Would he be a deceitful? Been involved crime and fraud? Possible corruption scandal? Although he was repentance, but we must remain … CAUTIOUS! Besides recordnya tracks, see hiduonya style. Is he giddy? It could be used for investment money to meet his lust ntar. Select Franchisor of good moral smoothly.
8. Open-financially.
In essence, we must know the performance of critical business and offered FINANCIAL SCHEME. See if the assumptions offer reasonable or not.
January 13th, 2010 at 6:54 am
Thanks for info