9 REASONS WHY WE BUY FRANCHISE BUSINESS

9 REASONS WHY WE BUY FRANCHISE BUSINESS

Hi, nice to see you again.

This time I will share with you about “9 reasons why we should buy franchise”. We will talk about why and what kind benefit we got with buys the franchise business. So let’s start with reason number one,

1, No need a lot experience, just need basic experience or skill to run the business

Franchisors or the company will provide all knowledge or know how to run the business, from management, accounting until how the business make money, what we need is just follow all or copy them. So make sure the franchise business we want to buy have all the knowledge or know how to support us when run the business.

2, No need experience to buy or prepare the equipments

Franchisors or the company will provide all equipments or minimum give us the specification from brand until where we can buy the equipments follow they are experience, all of this can make us save a lot of money because we will buy only what the business need and the equipments will be proper standard including we no need worry to be over charge from the sellers or suppliers and it will save a lot of time because we no need to run away just for check or buy the equipments. Not only like that, they will give us the knowledge how to run and maintain the equipments too. What we need is only follow them.

3, No need experience to buy or prepare all raw materials

Same like reason number two, franchisors or the company will provide all raw materials or minimum give us all the specification and where we can buy it. The result will give us a lot of convenience and of course it will save our money and save cost too. Remember in business world save cost meaning margin, more save cost more margin.

4, No need experience to make the recipe

Franchisors or the company should have all recipes and know how to make it, so we only need to follow and copy it. And of course the recipe will work or can be accept to customer base from franchisors experience.

5, No need experience to make the advertising and promotion

Franchisors or the company should have all concepts to make it or when the advertising and promotion need to be prepare, all of that to increase the selling or minimum to maintain it, so we just follow the concept and copy it.

6, No need experience to design or make the places.

Franchisors or the company will provide all the design from interior, furniture, lighting system until the colors scheme follow they are concept to insured all franchise branch have same atmosphere. Even some franchisors will help us to provide the contractors.

7, No need experience to make paper work and administration staff

Franchisors or the company should have all the paper work and administration staff, we only need to copy and follow it.

8, No need experience to managed the staff and raw materials

Franchisors or company will provide all system to managed the staff and raw materials from how many staff we need, how we managed they are holiday or break time, what kind penalty they have if they are wrong, how to managed all raw materials so not become useless until how and when to order the raw materials. All of this has a lot connection with operation cost.

9, No need experience to calculated or prepare the budget

Franchisors or the company should have all calculations the budget we need to build the business, so we will not over budget and kill us.

So, if we see it, buy a franchise business is not only bought some equipments or menu recipe or brand name, buy franchise business is buy full package or the business itself. Like we already mansion on the top, they have many reasons why we buy a franchise business and all reason are positive reason and they will become benefit for us especially for people that want start they are own business but don’t have experience and have limit budget. We can check the budget we need before we really start build the business and we can find which franchise business fit with our budget or dream. We can minimize failed factor and make us become easier to start our own business. What we need is only check where and what kind franchise business that really fit with us. 

My advice keep looking and checking. Do the comparison and always keep asking with a lot of question, you can use all the reason in this article as a guide to ask the question. Used logic to decided, never make decision because big name or brand name from the franchise business, sometimes big or brand name company has high cost in run the business or high operation cost. Another important thing we need to ask about, what kind support they give us or after sales support especially if we have problem in the time we run the business. And how to make customer recognize our place.

My last advice, buy franchise business is not just follow other people or just follow your heart (instinct), buy franchise is about know first what we want and knowledge. No matter big or small, cheap or expensive. If you fail, it wills same meaning “lost money”. If you run well meaning “success”. Remember doing business is not about gambling. Buy franchise is about buy franchisors knowledge or know how, that’s can make us more easier to build and run the business, but the business is belong us (franchisees), so we still need to take care, active and of course work heard before the business stable. There is no magic in hear.

So that all from me in my article “9 reason why we buy franchise business”.  I wish this article have a lot of benefit or minimum can help us to decided, we should buy a franchise business or not, what kind or which franchise business or company we should buy.

 See you all in my next article, if you have any question or just give me some input to guide me in written and share at my next article, please send to me at russelw@gmail.com or you can just write down at sharing or comment column in this article. Thank you again and bye…..

 Russel. W is consultant at KIN NAM café. 

For more information visit us at https://www.facebook.com/kinnamcafe or http://franchisekinnam.wordpress.com/  and kinnamcafe@gmail.com  for any question.