Basic steps to create a successful franchise ✨

Basic steps to create a successful franchise ✨

As the business progresses to a certain extent, SMEs tend to think about expanding their businesses. Many businesses are unable to reach their dreams, often due to insufficient investment. It is therefore difficult to expand branches even though the business has a bright future. If your business is in this situation Thinking about expanding your business by creating your own franchise system? It might be another answer.

But to expand a business by creating a franchise, there must be steps to set up. And here are the steps that should not be overlooked.

📍How to create your own franchise what to do

1. Build a business

Choose a business that appeals to you. Business that meets the needs of customers The franchise business will focus on expanding and supporting a large customer base. Franchise business that sells products is very common, such as water and beverage franchises. or a franchise of a dessert shop, bakery, or a food franchise or a franchise selling cosmetics mother and baby products In addition to selling products, there are also franchises that provide services such as franchisees for parcel delivery services. or franchisees for various payment services

2. Create a prototype branch (Pilot Operation)

Create a prototype branch for a real business trial. The master branch allows franchise owners to learn more about the business, from the customer group to the actual cost incurred. Characteristics of a suitable location for this business or problems that may occur when doing the actual business Having a prototype branch allows us to know the strengths and weaknesses of the business that will be developed, modified and improved further. And this prototype branch will be used in the presentation to sell franchises in the future.

3. Registering copyrights for various brands

Do not overlook registration or copyrights. in what you invented and created To prevent copying or plagiarism Again, if the counterfeiter registered the claim before you did. brand rights or various copyrights It will go to those who go to register first. This will result in unnecessary expenses as well.

4. Build a brand

Make your brand known Attracting both customers and products and services As a result, the brand will be attractive from Partner Investors who are interested in becoming a franchisee.

5. Set up a franchise system

set up a franchise system to be standard Helps to expand the number of franchises easily, quickly and efficiently by various systems that should be planned, such as contact channels for franchise purchases, providing information and contacting back to those interested in buying a franchise various data collection System and general workflow revenue structure sharing and storage, etc.

6. Make a manual, plan a franchise training

The heart and strength of franchising is the standard by which Ranchi Sea will be able to bring our brand to serve our customers in the way the brand has intended. One of the ways to build strengths is through a system of training, teaching, and preparation of manuals to manage and operate business for franchisees. which if the franchise owner can do this system well It will help both in expanding the number of franchises. It also helps customers to appreciate the brand that receives service that meets the standards as well.

7. Plans for receiving - delivering raw materials

Planning and sales system or sending raw materials to franchisees. Each brand has a different delivery plan or purchase policy for raw materials, for example, the main raw material must be purchased through a franchisee only. Other raw materials Can be purchased personally but must meet brand requirements.

8. Draft franchise sales contract

Draft the franchise agreement in its entirety. taking into account the benefits of both parties for the franchise business on both sides to operate sustainably

9. Presentation

Prepare documents, slides or presentations to show interested franchisees to understand about the business in order to expand the number of franchises. The information may include target audience Brand vision and goals Examples of products and services, performance, sales, revenue projections, expenditures, recommendations for operations such as attractive locations

10. Quality control of franchisees

Finally, the important thing in running a sustainable franchise business is standards. There should always be a team to control the quality of products and services to meet the standards.

11. Conduct a feasibility study

We have to study the market first what the market size is. Is there a suitable growth rate to motivate the franchise? What is the condition of the competitors? Businesses that are suitable for establishing a franchise are must have few competitors There are strengths and strengths of the brand. have a business growth rate of at least two digits

12. Understand and set reasonable fees

Businesses that will create a franchise must assess the cost of the franchise's investment budget thoroughly. in order to set an appropriate fee Do not forget that the franchisee bears many costs, not different from when we set up a business. If his costs are so high that they cannot be managed to break even The chances of us selling franchises are more difficult.

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Examples of various brands that we take care of online marketing

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