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Franchising

in this incredible adventure youll learn about the journey will and stephen take as they dive into the fascinating world that is franchinsing....
by

Stephen Williams

on 15 September 2011

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Transcript of Franchising

Franchising
By Stephen and Will What does a franchisee need? Commercial Sense This is having a good grasp on money,
knowing how to spend it and keeping
control on your budget and wages. Money Lots of it You need to pay the franchsior
a one time royalty payment, and a
percentage of your revenue. you also need money to buy
stocks and run your franchise. People Skills This is so you can attract customers, and motivate your staff. Passionate Franchisees need to be passionate about the
brand and believe in it, in order to stay true to the brand and want it to do well. Creative Franchisees need to be creative so they can suggest fresh ideas to the brand such as promotions, new products etc. What does a
franchisor
look for? Subway Passionate about SUBWAY stores – with a good knowledge of the market Good motivator Organised Time management skills articulate People person Good listener good communicator Subway say they look for: THANKS FOR WATCHING
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