{"id":11930,"date":"2013-10-19T06:13:06","date_gmt":"2013-10-19T04:13:06","guid":{"rendered":"http:\/\/www.w-t-w.org\/en\/?p=11930"},"modified":"2013-10-19T06:13:06","modified_gmt":"2013-10-19T04:13:06","slug":"franchising-for-entrepreneurs","status":"publish","type":"post","link":"https:\/\/www.w-t-w.org\/en\/franchising-for-entrepreneurs\/","title":{"rendered":"Franchising for Entrepreneurs?"},"content":{"rendered":"

There are three quick and dirty tests for whether or not a business might be a candidate for franchising:<\/p>\n

1. Is it a good moneymaker? The old rule of thumb is that the franchise company is going to take a royalty fee of about one-third of the expected or average profits to cover their service expenses and make money. Is that going to leave enough profit for the franchisee to get a good return on their money? If not, it will be very difficult to recruit franchisees.<\/p>\n

2. Can you systemize the operation of the business to make it simple enough that any reasonably talented and smart individual can follow your instructions after a fairly short training program and be successful? If it is more difficult than that or requires a lot of special skills or education, it may not work because the prospective franchisee pool will be too small.<\/p>\n

3. Is it fairly easy to market the business so that you attract a sufficient number of customers at a reasonable price? If not, then you’re going to end up with failures and that’s not going to be good for anyone. \u00a0Franchising for Entrepreneurs<\/a><\/strong><\/p>\n

\"Franchise?\"<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

There are three quick and dirty tests for whether or not a business might be a candidate for franchising: 1. Is it a good moneymaker? The old rule of thumb is that the franchise company is going to take a … Continue reading →<\/span><\/a><\/p>\n","protected":false},"author":18,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"footnotes":""},"categories":[23,13],"tags":[],"class_list":["post-11930","post","type-post","status-publish","format-standard","hentry","category-entrepreneurs","category-finance"],"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t\n\t\n\t\n\t\n\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t