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Does a franchisee truly make enough money from a franchise-converted

Does a franchisee truly make enough money from a franchise-converted

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Does a franchisee truly make enough money from a franchise-converted

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  1. Does a franchisee truly make enough money from a franchise? •Taking a franchise is one of the best ways to start a business and make profits rather than starting a new business on own. •Obviously, a business whose brand name is already famous and popular in the market will cause a quick turnover, making it possible for the franchise to reach the breakeven point within twenty months. •But making this profit and earning money from the franchise business is a long- term way. www.frantastic.in pg. 1

  2. A franchise doesn’t take all the profit from the business •The profit earned initially from the business isn’t going to be in the franchisee’s pocket all alone. •As the running operator of the business, you need to pay the surcharges like the bills, the costs for the raw materials, the salaries of the staffs, and the taxes. •You will be taking what’s left after paying all these overheads. The location of the business matters a lot www.frantastic.in pg. 2

  3. •Whenever you are opening a new franchise company in an area, the surrounding must be such that it suits the purpose of the business. •For example, you are opening a pizza franchise restaurant in a commercial area. So, obviously, you will have more profit as compared to a residential location. You have to give time for earning the profit •While dealing with a franchise business, you need to understand that nothing can be done overnight just because you have brand recognition. •You need to publicize the brand in your locality, organize successful marketing campaigns, and earn the trust of the audience. You must have the things which are required for running a successful franchise business Determination, responsibilities, and a strategic mind are the three things that you will need to ensure your business is running smoothly with a high turnover rate. Conclusion Franchises are certainly a very good option to make huge profits but one need to ensure that things are done correctly. www.frantastic.in pg. 3

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