Running a business is hard, and teaching people how to do it is even harder.
Even for the entrepreneur who decides to expand his business in franchising, difficulties will arise.
If before his balance revolved around expenses that he had known all his life, such as suppliers, employees and rent, now he will find himself managing a national company, with much larger volumes.
Consequently, the franchisor will have to have a more important financial and administrative culture than he had until now with a local company.
For this reason it is necessary to have a franchising project.
franchising project
The franchising project is a written document that summarizes zalo data in a planned manner the steps that the entrepreneur will have to take to expand his franchising business.
The project should be 3 or 5 years long with important information such as:
how many openings do you want to make,
in which areas do you want to open,
How much budget have you made available?
The budget available to create a franchise is generally equal to the cost of opening a new direct sales point.
So if you need 300 thousand euros to open a new point, know that with this same amount you can also open 200 throughout Europe with the franchising formula.
Franchise project
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