Have you just
purchased a franchise business, like food cart business? or are you planning to
have one?
Do you just
purchase the products from the owners so that you can sell? He’s not a
franchisors, he’s your supplier.
Do you just
operate the cart on your own way and not by the system that the owner have gave
you? Thats not franchising, you have just built your own.
Does the owner or
any representative visits you and monitors your sales and giving updates and
advice on operating the business? If not, well that is not a franchising
company, that was just a store were you bought your business materials and
equipments.
Did the company
gave you tips on how you can earn more from your business? If not, that is not
a franchising that was just a sales company.
Did the company
required you to have a complete business permit? did he gave you plans to have
your own receipt? Even though SME’s or Small and Medium Enterprises are not
strict on taxes and permits, it only show that the company have no big plans for
you.
In Franchising,
the franchisee becomes the partner of the franchisor. Not just because they
sell the franchisors products or uses the franchisors tradename or are
beneficiary of the franchisors system. Another factor and the prime factor is
because the franchisee have also invested their life saved money to start a
business with the help of the franchisor. The Franchisee is gambling their
money on the idea, tradename and system of the franchisor.
More Partners
When you go for
franchising, you automatically become in
partner with many people. Aside from the franchisor who gave you the idea on
operating the business, the other franchisee are also your partners. Remember
that you share common or related tradenames, you must help in maintaining the
quality of products and services being served in the business. They are not
your competitors, if they have good service and you have good service the
customers will keep the good experience in their mind and when they come to
visit other branches they will expect the same good service and experience the
same treatment that they have with your branch.
The franchisor’s
employees are also your partners, they were employed to give you a good
service. You dont have to go through the difficulty of going to crowded wet
markets nor to find the best quality but cheaper raw products to buy, the
employees are waiting for your orders and they will deliver the product to your
store at the most punctual and possible ways. There are also marketing
franchise advisors that can give you tips on how to sell more and create more
profits from your store.
Constant communication is important in any business
start up whether if its a preparation
inquiry, product ordering, trouble shooting in operations, management, handling
of employees, advertising, marketing activities and many more things that you
can learn from the franchising company. Remember, they cannot tell it all to
you and you may not comprehend on their ideas in one sitting, it is a long
and continuous process. Patience and
understanding has a vital role in the success of every business, and they dont
come in an instant.
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