quickly. What is selling the first American hamburger chain to a billion hamburgers in the U.S.? No, not McDonalds? Art Guess again, Burger King Wasna? T to connect.

The sale of First American hamburger chain Burger to a billion, is none other than White Castle. White Castle, the first hamburger chain in the U.S., sold its first billion hamburgers in 1968.

The pioneer of the chain White Castle, after more than 85 years, more than 380 restaurants and served hamburgers 500 million last year. Very good numbers, but McDonalds? S, in just 50 years in over 100 countries with over 30,000 points in order to generate more revenue annually USD60B.

What is the difference? White Castle hamburgers at McDonald concentrated in any company? S in Franchising diversified. Although we associate McDonalds? S with the Burger, it is especially not in the hamburger, itâ? S in real estate and franchising.

Franchising is not an extension of the current company. This is a brand new one with different products, sources of revenue and expenditure. When Ray Kroc started McDonald’s to sell? S franchise, it was not in the sale of hamburgers, it was now selling franchises. Its turnover is more to sell hamburgers, but franchise fees, royalties and others. Similarly, expenses in addition to the cost of beef and rolls, but the fees it pays to assess the site or the wages of their trainers.

That is why the franchise is not an easy task to follow. If you have a profitable business and you think the franchise, there are two things you need to check. First, as an entrepreneur, you are a franchisor will be cut off? And secondly, your business is ready to be franchised?

It is important to determine your readiness to go into franchising. However, there is no question of simply saying, â? I am ready franchise.â? To determine if you are really ready, ask yourself these questions.

First, I am ready to invest in the development of my franchise program? As with any new project requires the franchise to invest time, effort and money to boot. You must prepare a business plan, a showcase for your product set, develop a marketing program, marketing materials, design and support organization.

All of these require not only time and effort, but the financial means. In most cases it is best obtained advice from franchise development consultant. If youâ? Re a good cook, you donâ? T need help to develop your menu, but since you are now selling a different product, franchise, you can seek help from an expert in Franchise Development.

Secondly, I am ready to share my successful formula and opened my business operations for the exam? good franchise opportunities, developers should be protected, your secrets and your intellectual property while ensuring that the formula for success are replicated in the franchise units. However, you need to share your formula for a successful business. Similarly, it will be necessary to examine your business, including your financial capacity to ensure that the key to your success be duplicated for use by the franchisee.

Third, I am willing to put more emphasis on the business rather than daily business? There are successful entrepreneurs, their success through their hands on participation in the daily affairs of their output. Sometimes it is difficult to separate from your baby, but as a franchisor, you must place emphasis on strategies rather than monitoring the operations. If you feel yourself Cana? T let go of the daily management of your store, donâ? T go to another company, donâ? T in the areas of business. Br
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Now you may be that the ITA? Really is not very simple, a franchisor ready, so let me give you some advantages of franchising your business has become.

Suppose you have a business and want to open another branch. Someone will pay to build it for you to pay cash to build for you, and take care when opening for you. So instead of paying the person, it’s about you and pay franchise fees, royalties, advertising fees, etc. Is the business better than that?

Franchising allows you to expand very quickly with other people? The money, time and people. We often forget the need last two, but the most successful franchises really more than money. It is light, the value of time and human resources if you have only a few branches forgotten. If you have one or two units, it is easy to manage your own time and resources. But as you expand your business, you have less time available for the operation and output is always difficult to find a good manager.

Franchising also offers new revenue sources such as franchise fees, license fees, advertising costs, training costs, brand, and other supplies. It also gives you a better synergy that dramatically reduce the cost of your support organization with other branches of burden sharing and your own food and supplies costs through improved purchasing power.

Similarly, the franchise adds value to your business. One of my former clients even approached us to ask us to help him sell his company for a few hundred thousand dollars. Since she was not rushing to sell his business, we asked him if it wants a franchise program for the first company to develop more value added. She agreed and we have had the franchise program. After six months, even before the sale of a franchise unit, we were able to sell the company for more than a million dollars.

It is clear that franchising offers many advantages. A new company is that the benefits of the rapid expansion of the saturation of the market first. A company does not work anymore, maybe want to be free to expand their market. And entrepreneur who simply wants the output in the franchise will add value to the company.

Unfortunately not everyone? Willing? Franchisor can franchise their business potential. While almost all franchise concepts can be prevented that the nature of the franchise business a few franchisees. In the Philippines, even funeral companies are franchises, but there are restaurants in Japan that are not very open.

To see your Branda? S â? Franchise abilityâ? You should answer a look at your company and the following questions.

1.Do you have a profitable prototype? The prototype of the device you will be reproduced and must be profitable. It is expected to generate significant profits, even after deduction of future expenditures such as costs of marketing and other fees.

2.How many units are in operation? The size of the plant determines the success of your business. While there is no rule about it, the more branches you can afford a better chance of success both franchisor and franchisee.

3. As has long been in the business? Her three years of operation should have been more experience and better understanding of your business and your market is very valuable to a potential franchisee. However, there is no rule that prevents a successful business for only three months of the franchise.

4.Can you teach someone to operate your business? There are concepts, know-how transferred, even if may require intensive training. For example, if you operate a business of clairvoyance, you wonâ? t be able to teach others to be a person how to be a clairvoyant.

5.How much capital to start their future franchisee has a franchise unit? The most reasonable is the investment program, the easier it is to sell the franchise.

If have passed after the previous set of questions, you are still unsure you ready for the franchise candidate, you can advice from a franchise consultant looking to evaluate your company? Franchising. Franchising is one of the best ways to grow your business faster, and operate your unused gold mine, but you must be sure that you and your company is ready for this br <. />
For further information and assistance relating to franchising, please contact Astree +65 6392 3608 or visit www.astreem.com.


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