There are many questions that
go along with getting yourself
into a franchise operation.
If you are the owner
of the franchise then
you particularly want to
know all the specifics about
owning a franchise, so
here are some questions
and answer that many
people will typically ask
the company directly in order
to know where to begin first.
Franchise Question #1:
How Much Capital Do You Need?
Answer:
The most obvious concern
that one should think about
before approaching a
company for one of their
franchise businesses is how
much startup capital they will
need.
Most of the time this
answer will be laying right out
in the open, but it's okay too
if one decides to approach
the company directly and ask
how much he or she will need.
Many times the company
will have a startup capital
requirement, but then again
some companies are only
concerned about getting
their fees that are associated
with a franchise being able
to use the company name,
logo, and reputation.
On the same note,
it would be a good plan
to pay the startup or
initial fees of the company
with cash instead of relying
on a business loan for
the money.
Considering the
fact that many franchisees
will need to get business
loans anyway for all types
of supplies and other
necessary furnishings the
best route to take would be
to essentially pay for your
franchise with cash!
Franchise Question #2:
Where Will You Get Supplies?
Answer:
Perhaps the next thing
that a franchise owner will
want to know before he
or she actually starts
opening the business is
where the supplies will
come from.
When dealing with company
headquarters there are
many different rules and
regulations that are
associated with each
type of franchise.
Some companies will require
the franchise owner to
purchase the supplies, such
as seating, chairs, and cash
registers from a specific
company that furnishes all
of their company's store
branches.
But there may be
other companies that have
real loose guidelines about
the whole issue.
One must make sure,
though, that he or she
knows all the ins and
outs of furnishing the store
with supplies before any
agreement is ever made!
Franchise Question #3:
Am I Required to Advertise?
