Finance a franchise is one best way to remedy a problem in business. A business owner needs a smart business planning to avoid a gargantuan problem that may sink his business to the ground. To finance a franchise is the et to staying your business afloat during the fluctuating market conditions. Many believe that this year is a tougher year for businessmen. It is even tough to start a restaurant or shop from scratch and starting a franchise is not the same as operating a simple restaurant
Finance a franchise to remedy your problem in business
- Thread starter Starmix
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- #3
Those businesses that operate through franchising could earn apart from the franchise fee called royalty fee. It's what I'm doing paying the main company royalty fee so the franchise owner could earn nonestop monthly.
This is actually a good thing to be honest but I do not think I would be able to carry out such thing at the moment but maybe later in the future I would try to operate my business through franchising.
Well as much as it is enticing and looks very good to the eyes for me to pay a franchising company, I do not think it would be cheap in my country as it would even be double the amount paid for it.
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- #9
You might be right, there is also another way that is about merging businesses with other businesses that way, you could gain an advantage on how to finance businesses. It seems like corroboration.
This is why it is good to collaborate with someone who you have the same goal with so that you people can work hand-in-hand to achieve whatever you want to achieve instead of making the work one sided
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- #11
Yes, that is true, there is always an organization of businessmen and during their special meetings, they will discuss the problems of their businesses and collaborate among themselves on the best solutions and recommendations.
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- #13
It's good to sell our franchise and receive a royalty fee accordingly monthly. That's the procedure of franchising. What if in one time , 20 will apply that's big money already excluding the royalty fee.
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- #15
Maybe they are not interested. Franchising is known anywhere. Others may not like the royalty fee like McDonald's, the franchise fee is 50 million or $1 million USD plus a royalty fee of 25 percent from the gross sales of a franchisee.
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- #17
They are spreading like wildfire once having franchisees. There are fast food chains here becoming weather and we never know the owners. They are using different cars to avoid kidnapping with ransom.
Some people will even think that it is the owner of the name of the busienss who owns the branch not knowing that it is another person. Franchise in busienss is actually very good for those who can afgord the money.
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- #19
Yes, but the name is different once you get businesses thru franchising. Maybe there are other owners who used the same name branch, but in my milk tea business, the name is different but there is an attached franchised name owner.
