What is a Franchise ❓ If you want to start a business, you should know.

What is a Franchise ❓ If you want to start a business, you should know.

Having the right business system in place, even if you might be great at running a business, doesn't mean you'll be successful in franchising.

Franchising is a different method of distribution than most people use. And it's a business that has its own form that needs specialists. Starting a franchising is very important to have a specialist to help. especially lawyers, accountants, strategists and experts. Sales, Operations and Marketing

📍Let's start with "The Meaning of Franchise"

Franchise business is one of the ways to expand the market and distribution channels of a business. Through independent entrepreneurs called franchisees, the company gives trademark rights. which, if it is not the owner of the rights, is considered invalid Must register a trademark Because without a trademark, the franchise cannot be sold. As well as having expertise or Know How may be a method of doing business to convey. Provide franchisees in all forms of work such as production systems, sales systems, marketing management systems. In order to provide the same standard for doing business in every branch

Organizing a business as a franchise will require various fees. with those who want to invest which is normal when a business must have activities related to money involved in the franchise system will have a specific name such as the word Initial Franchise Fee Some people call it the Initial Franchise Fee. The entrance fee or entrance fee is the initial cost of the franchise system at the franchisee. must be paid to the franchisee

📍What is the franchise business model like?

The business model of a franchisee is owner of rights. grant permission Able to operate business in their own way the licensee Just have to pay to buy a franchise. You don't have to start all by yourself. because there will be a right owner to teach everything and every process Including the secret recipe that the shop uses for business as well

but the forwarding There is absolutely no free word. Because there are fees from the start of the business to the ongoing purchase contract. In the purchase of a franchise of the business to open it's own.

📍 Franchise system

Franchise purchase costs Usually it depends on the performance of the rights holder. If the shop is not very loud Ongoing fees can be as low as 4% or 5%.

If the shop is famous and very popular Fees can be as high as 20%. But perhaps the franchise fee It often depends on the level of support of the licensee as well.

📍Consideration for licensee or franchisee

Try to find the one that best suits your needs. Coupled with the success of the franchise that you are interested in, including the fulfillment of the promised contract with the right price.

If you don't know, you can ask someone who has real experience in franchising and they'll give you good information.

While you are looking for detailed information about franchises. You also have to consider yourself. whether you are qualified or not, for example

- Are you really a good fit for that franchise?

- Do you always try to learn new things?

- Are you able to meet the requirements of the business?

- If you are working full time Is your physical and mental state ready to deal with the changes?

- Are you prepared to deal with the problems that will come?

Nothing is always smooth. No matter what work or business There will always be obstacles that come in.

It's up to you whether you're ready to deal with it or not. If you're ready to go Nothing can stand in your way. Let's get it to the full Max!

📍Considerations for rights holders or franchisors

If you are considering running your own franchise business. Make sure Are you suitable for the franchise system?

- Is your business doing well with others?

- If you are a franchise owner Can you recruit, train and support people at your franchisee?

- Your business can generate enough profit. for your franchise and all branches?

- Before you sell the rights to use your store name to others. You have to make sure that the person who bought the rights goes to. will maintain brand values and related services To create good quality for your franchise business

📍FRANCHISE CONTRACTS AND FEES

- part of the contract

If the consideration and investigation is going to be good for both parties. Both the right owner and the licensee will sign a contract according to the agreement.

which the purchase of a franchise There may be a matter of legal complexity. Get involved in the agreement as well. Therefore, both parties should consult with people who have specific knowledge in this area. before agreeing to the contract

- part of the fee

Franchisee will have to pay the following fees

1. Initial fee to buy a franchise (usually a lump sum) to the right holder to continue the business

2.Management fee or annuity It's something that has to be paid continuously.

by this payment Usually it is a monthly cycle, 2 months, or quarterly. This money is like paying for the owner of the right to develop more quality products and services.

whether

- Promotion of brand or store advertisements

- Support sales or organize promotions

- Buy new materials or products coming in

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Details of online marketing services

>> https://www.chatstickmarket.com/langran

Examples of various brands that we take care of online marketing

>>https://www.chatstickmarket.com/portfolio

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