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Posts from February, 2021
Creating a Business Plan for Your Franchise
26 February 2021
Creating a business plan is the initial first step for entrepreneurs who want to venture into a new market franchise. A well-developed franchise business plan enables business owners to convince other investors and lenders to give them the capital needed to materialize their franchise dreams. It allows lenders to critically evaluate whether the prospective franchisee will be successful or not and offers a straightforward account of the prospective business, the leaders involved, and the likelihood of getting their money back before approving any loans to the franchisee.
Creating a business plan is the initial first step for entrepreneurs who want to venture into a new market franchise. A well-developed franchise business plan enables business owners to convince other investors and lenders to give them the capital needed to materialize their franchise dreams. It allows lenders to critically evaluate whether the prospective franchisee will be successful or not and offers a straightforward account of the prospective business, the leaders involved, and the likelihood of getting their money back before approving any loans to the franchisee.
Making the Most of Franchise Discovery Day
18 February 2021
For aspiring franchisees, Discovery Day is a chance to demonstrate their suitability for franchise ownership - it’s also an opportunity for franchisees to learn more about the franchise and leadership team. So, what can a potential franchisee do to make the best of Discovery Day?
For aspiring franchisees, Discovery Day is a chance to demonstrate their suitability for franchise ownership - it’s also an opportunity for franchisees to learn more about the franchise and leadership team. So, what can a potential franchisee do to make the best of Discovery Day?
Understanding the Franchise Renewal Process
08 February 2021
A franchise contract serves for a particular period upon signing, after which it expires. The terms may range from 10, 15 to 20 years. This article serves to explain the franchise renewal process.
A franchise contract serves for a particular period upon signing, after which it expires. The terms may range from 10, 15 to 20 years. This article serves to explain the franchise renewal process.
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