| Home | Free Articles for Your Site | Submit an Article | Advertise | Link to Us | Search | Contact Us |
This site is an archive of old articles

    SEARCH ARTICLES
    Custom Search


vertical line

Article Surfing Archive



Make Your Own Products Or Franchising Instead? - Articles Surfing

So what is your own products for franchise really all about? The following report includes some fascinating information about your own products for franchise--info you can use, not just the old stuff they used to tell you.

The decision to open your own business or open a franchise for a large chain business will need to thought through carefully before investing any cash. There are advantages and disadvantages to both, and you can start with a simple pro and con list to determine which business model will work the best according to your personality.

When you own you own business you will have to develop all systems to meet your individual requirements. Payroll, supply ordering, invoicing, data collection as well as all personnel policies and procedures. With a franchise, all of these systems are usually included in the price of the franchise fee. A complete training program is usually provided to teach the owner and other principals how all of the systems work, enabling many people to start off the right foot.

With a franchise, while you won the business, it is going to be run according to established company guidelines. While there may be some room for deviation, many franchises require the owner to use only approved products. Established business practices and products to be sold are mandated to protect the integrity of the brand. Deviation from the menu or product selection is often grounds for hefty fines or cancellation of the franchise agreement.

When you own your own business, all the decisions you make are your own. If you decide a particular item in the product mix is not working for your specific location you have the individual autonomy to make a change. With a franchise it may take an act of Congress to get a change put through. There have been many stories about a franchise owner introducing a new menu item that the customers wanted and are thrilled to have on the menu. The main company, however were not pleased and ended the franchise, leaving the owner out in the cold for failing to follow direction.

Hopefully the information presented so far has been applicable. You might also want to consider the following:

With a franchise, part of the monthly fee goes towards national advertising. Although in most cases the individual franchise owner has the right to refuse to participate in a particular campaign, but with the advertisements running nationally and one outlet not offering the same deals can antagonize some customers resulting in a loss of business.

Owning you own business will require you to pay attention to trends as well as what your competition is doing to keep your business in front and to increase market share. Additionally, there may be some company policies that you do not agree with that you will need to follow to remain in the franchise.

Before investing in a franchise, you will need to fully understand your obligations to the company as well as what the expectations are. Failing to be able to agree with everything about operating the franchise, it will be better to find another way to open a business.

Don't limit yourself by refusing to learn the details about your own products for franchise. The more you know, the easier it will be to focus on what's important.

Copyright * Le Tuan Anh
http://www.YourTurnkeyProfits.com

Submitted by:

Le Tuan Anh

To find the best home based business ideas and opportunities so you can work at home visit: http://www.YourTurnkeyProfits.com



        RELATED SITES






https://articlesurfing.org/business/make_your_own_products_or_franchising_instead.html

Copyright © 1995 - Photius Coutsoukis (All Rights Reserved).










ARTICLE CATEGORIES

Aging
Arts and Crafts
Auto and Trucks
Automotive
Business
Business and Finance
Cancer Survival
Career
Classifieds
Computers and Internet
Computers and Technology
Cooking
Culture
Education
Education #2
Entertainment
Etiquette
Family
Finances
Food and Drink
Food and Drink B
Gadgets and Gizmos
Gardening
Health
Hobbies
Home Improvement
Home Management
Humor
Internet
Jobs
Kids and Teens
Learning Languages
Leadership
Legal
Legal B
Marketing
Marketing B
Medical Business
Medicines and Remedies
Music and Movies
Online Business
Opinions
Parenting
Parenting B
Pets
Pets and Animals
Poetry
Politics
Politics and Government
Real Estate
Recreation
Recreation and Sports
Science
Self Help
Self Improvement
Short Stories
Site Promotion
Society
Sports
Travel and Leisure
Travel Part B
Web Development
Wellness, Fitness and Diet
World Affairs
Writing
Writing B