Below, you'll find extensive information on
home business to help you on your way
to success.
Mobile Franchise Business Expansion StrategyTip! Approach branding as a business strategy, is to view how all products, services and interactions with the consumer under the brand name become building blocks of bedrock of trust derived from their customers' experience; For instance the iExperience that the iFamily of Apples' iProducts deliver to its iFanatics. If you own a mobile franchise business and wish to expand you will need to have a strategy that involves your franchisor. Additionally if you are a franchisor it is important to have some sort of policy in place in advance so that there are no hurt feelings as franchisees expand. Our company has such a policy but as per our franchisee survey less than 20% of the franchisors who participated in the Franchising.org had such a policy. I recommend that if you are a franchisee or franchisor that you take this outline below and modify it to fit your small business or franchising company and use it as a guideline for franchisee expansion decision-making. Go ahead and print this article and then sit down and modify it. Then for each number or lettered item write three or four paragraphs of what if scenarios. This will help assist in proper franchise outlet expansion while keeping peace in the franchise family. Additionally it will insure smooth system wide expansion where everyone on the team knows what to expect. This outline has been made using our franchise business model for a mobile car wash business, but it serves as an excellent starting point. FINANCING OF BUSINESS EXPANSION I. APPROVAL FROM FRANCHISOR
A. Advanced Notice B. Truck And Equipment Set Up II. FINANCING A. Borrowing B. Leasing C. Charging D. Out Right Expense III. APPROVAL OF CREDIT A. Time B. Documents 1. Profit And Loss 2. Tax Returns 3. Balance Sheets 4. Bank Statements 5. Credit Card (Balance Of Account) IV. DELIVERY A. Truck B. Equipment C. Paint D. Signs E. Check Out V. FUNDING OF VENDORS Lance Winslow
We strive to provide only quality articles.
So if there
is a specific topic related to home-based business that you
would like us to cover, please contact us at any time.
And again, thank you to those contributing daily to our
home business website.
|
