Currently business franchise in Indonesia growing. The name was already well known so it doesn’t need much doing business promotion, as well as the return of capital corresponding to the amount of invested capital, make business more easy and berprospek well. The complete guide to operating a business by franchisees is also able to interest novice businessman bought the rights to franchise.
Many foreign companies to open business franchise in Indonesia, including McDonald ‘s, Popeye, KFC, and Starbucks. But little did the domestic companies which enliven the market. The exhibition is held each year in franchise located in Indonesia, Senayan, Jakarta JCC.
According to organizers, 50% of a dozen of thousands of visitors the exhibition which took place at the end of the year 2009 have been declared to be invested in business there and 40% of the participants get a new contract to open a branch. Entry fee $ 50 thousand imposed per visitor for 3 days of the exhibition was shattered our intention enthusiasts venture franchise in Indonesia to come have a look at franchise business opportunity.
Tips On Starting A Franchise Business
Some beginners mistakes when buying a franchise business is less selective in choosing franchisees, underfunded operation, too relied on franchisees, and can’t determine the right business location and strategic as a place of business.
Please be aware that it is currently the franchise business was booming in Indonesia. But you don’t easily dazzled by promises of grandiose franchisees. If you are indeed properly lay within the business problem, invite your colleagues or your relatives who is more familiar to accompany You.
Currently the company’s new open and only have 1-2 branch alone is able to offer the right franchise. Choose the franchisees really experienced doing business in Indonesia. That’s been proven that their business products and services is indeed reliable and berprospek both on economic development in Indonesia.
Learn the correct projection and investment capital they show behind. Ask for a detailed business plan. See if they are realistic in estimating market and sales.
Lack of operational funds could also be one of the causes of the immediacy of the roll mat business franchise. It has a famous name, You do not need to mention the high cost of promotion. But don’t forget, the more famous and more a business name in Indonesia, his franchise fees were higher.
On the part of the franchise, You have to pay a royalty fee every month. Royalty fees are usually charged a percentage (between 5-10%) of total sales or your bottom line. So the greater your income the greater the royalties that you have to pay.
Do not let this mandatory fee that you paid at the beginning as well as routine, reducing your ability to pay the costs of business operations like to hire employees, the cost of electricity, and phone charges. Estimate true everything, provide cash hard at the beginning of the business to secure operations for 1 year.
If you are too rely on the guidelines of the franchisees, you could lose your customers. Remember, not only you have the same business, but also other terwaralaba. If you are less innovative in running a business, Your customers will not be impossible to run business belonging to other franchisees.
The other thing that is absolutely worth noting in running a business is its location. The difference in just a few feet can make your sales go up dramatically or plummeted. Ask franchisees to help guide the survey locations. However, some franchisees have put the cost of the survey location in the package of your initial investment.
Starting franchise business is not easy, we should have to think so many important thing like business plan, management, budget etc. All three thing is so important to understand before we start a franchise business.
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