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An Expert’s POV on How to Franchise a Business

The Franchise Institute has a team of franchising consultants. It provides franchise advice to entrepreneurs and works together to franchise their businesses successfully. It has a range of payment terms such that entrepreneurs could learn how to franchise a business at affordable rates. For more information visit https://thefranchiseinstitute.com.au

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An Expert’s POV on How to Franchise a Business

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  1. An Expert’s POV on How to Franchise a Business

  2. Want to become a successful franchisor? For new franchisors, it is important to make many thoughtful decisions. As you may know that franchising decisions are going to affect your business for many years to come, you must learn how to franchise a business from experts. Upon gaining the knowledge of franchising, you can enter into the franchise system with confidence. Introduction

  3. How to Franchise Business in Simple Steps? Identify whether your business model could give an adequate return Determine whether your business model is reproducible or not Verify the franchising fee and royalty payment before making the agreement Decide on the tenure of the franchise system and the policies thereafter Once you collect all these things and understand them, you can definitely franchise the business. Let’s discuss the roles of a franchisor and a franchisee in the next slides-

  4. Role of Franchisor It is the parent company that grants the rights of operating the new store under the franchise system. The main role of a franchisor is to explain the business model and provide training to the team of franchisee so that they could manage the new firm accordingly. Franchisors also take part in promoting the new outlet to attract the targeted audience.

  5. Role of Franchisee It is the company that agrees to replicate the business model under the franchisor’s brand name. The main role of the franchisee is to manage the new outlet by building a team of talented employees. It involves hiring staffs, making payments, and providing customer support. Franchisees also consider the importance of promotion to reach the targeted audience.

  6. Role of Franchising Consultant If you are new to the franchise system, there is a need for franchise advice. By opting for the services of a franchising consultant, the franchisor makes sure that they could move in the right direction. Franchising consultants also provide advisory service to the franchisee.

  7. The Franchise Institute has a team of franchising consultants. It provides franchise advice to entrepreneurs and works together to franchise their businesses successfully. It has a range of payment terms such that entrepreneurs could learn how to franchise a business at affordable rates. About The Company

  8. Contact Us https://thefranchiseinstitute.com.au info@thefranchiseinstitute.com.au Level 1, 97 Grafton St Bondi Junction, NSW 2022 Australia 1300 855 435 The Franchise Institute Pty Ltd

  9. Also Find Us At https://twitter.com/JamesCorneTFI https://www.linkedin.com/company/the-franchise-institute https://www.facebook.com/thefranchiseinstitute

  10. THANK YOU FOR WATCHING

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