Business is the most lucrative jobs. Dependence on wage earners is difficult to achieve unless you get a wealth of high office. One of the popular business is franchise business. Do you know what is franchise? It is a business method that involves licensing of trademarks and methods of doing business.
In the book of Michael Gerber, he has stated “90% small businesses failed, and 90% franchise businesses successful “. His statement is not 100% accurate but if you see there are many franchise-based business successful.
Here is a good feature franchise business: –
1. Brand name – Brand gives effect to the arrival of the buyer. Buyers are now very concerned about the brand products. Shops that sell goods store brand is more reliable than similar products without selling popular brands.
2. System and Procedure -Systems and procedures were available. We only use, and train people within our organization to use. Procedure and the system is already proven to be effective. So, we can focus on sales only.
3. Training and Human Capitol Development
– Through a franchise business, has provided ongoing training and schedules can improve our skills in our business. If we operate the business efficiently, it is not impossible it can thrive in a short time.
4. Advertisement – You do not need to think about advertising as franchaisor will conduct large-scale campaign. There was a promotion through television, newspapers and internet. You do not need to campaign .
5. Research and Development – You do not need to do R & D as franchaisor will do it. They have extensive experience and knowledge in R & D.
So, if you have enough money and want to make business, choose franchise business. It is easy rather than make small business.