5 MOST IMPORTANT QUESTIONS IN FRANCHISING

5 MOST IMPORTANT QUESTIONS IN FRANCHISING Nowadays, franchising business is very popular in all aspiring entrepreneur. They see franchising as an edge and reduce the risk of failure in business. Yet, there are significant things to know in engaging a franchise. Here are the 5 most important questions in franchising:  How much has the […]

5 MOST IMPORTANT QUESTIONS IN FRANCHISING

Nowadays, franchising business is very popular in all aspiring entrepreneur. They see franchising as an
edge and reduce the risk of failure in business. Yet, there are significant things to know in engaging a
franchise.

Here are the 5 most important questions in franchising:
 How much has the total investment cost?
The total investment cost refers to all the fees that you have to pay in the franchisor. It includes the
franchise package, business permits, construction, renovation, etc. It should be the first thing
you’ll ask.

 What is the ROI or return of investment?
ROI or return of investment is very important to know in business. It is also a reference for you
to see how successful an investment or decision.

 What are the other fees?
Some franchisor asks you to pay a monthly marketing fee to support and maintain the franchise
system. It is called Royalty Fee. This is usually paid monthly or weekly, it depends on the terms
and condition of the contract.

 How do I qualify?
There is no exact qualification of a franchise. But we advise that every time you enter a
business, you should be ready. Problems may appear during the operation of the business. You can
read some articles about franchising and business.

 Have any units failed? Why?
We can’t assure that every business will be successful. One of the aspects of losing a business is
choosing the wrong location. Learn from others mistake.

 

Having a hard time looking for the best franchise to choose? We are willing to help you in your way.

-http://fab.ph/frequently-asked-questions/

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