Starting a Franchising Business
The term 'franchising' has been used to describe many different forms of business relationships, including licensing, distributor and agency arrangements. Business format franchising is the granting of a license by one person (the franchisor) to another (the franchisee), which entitles the franchisee to trade under the trade mark/trade name of the franchisor and to make use of an entire package, comprising all the elements necessary to establish a previously untrained person in the business and to run it with continual assistance on a predetermined basis.
The importance of a comprehensive, thoughtful business plan cannot be overemphasized. Much hinges on it: outside funding, credit from suppliers, management of your operation and finances, promotion and marketing of your business, and achievement of your goals and objectives.
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Opening a Franchising Business
The following elements should be a part of your plan, depending upon your objective, like Summary (strategy overview, strategy logic and stage of business development), Concept (product description and impact factors).
Contact us: business plans for opening a Franchising business - for a professional restaurant Franchising plans for your startup company. We are Franchising business plan professionals!
It cannot be stressed too strongly that a good Franchising business plan is the cornerstone of successful financing. If you want investors' money, you've got to give them good reasons to buy in. The business plan is where you lay out the reasons.