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Franchising a Professional Servicing Business

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  • Franchising a Professional Servicing Business

    A franchise is a mirror image of an original business idea. When a professional servicing business has become successful the opportunity arises to duplicate the success in other locations. When an individual purchases a franchise opportunity, they are purchasing is the right to repeat the original business operations in another area. To help them achieve success a franchise receives complete instructions on how to achieve the success achieved by the original business. They get an established and proven business plan and marketing plan on which to build their new business.

    A franchise has been granted the authorization to sell or distribute a company's goods or services in a certain geographical area. For example, a law firm or accounting firm's marketing area is limited, usually to people in the immediate local area. Therefore, creating another firm based on the original business in a different area would be considered a franchise.

    The original business developer determines the formula for producing the same result achieved by the original business and how this formula can be repeated in new locations. This formula is packaged and sold as a franchise. This package is sold to interested parties who can achieve success simply by following the proven formula.

  • #2
    Why Do Businesses Sell Franchises rather than Expanding their own Business?

    What is the advantage of developing a franchise as opposed to simply opening the professional servicing business in multiple locations? It is quite possible to open a number of restaurants in one city or county or even within a state. However, the time requirements and energy required to do this is extensive. Franchising offers the possibility to expand the business and has others on board to share the burden. To expand your business without running it into the ground, you need quality people who have an interest at your own bottom line.

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    • #3
      Information on Buying a Franchise Business

      Many people would like the freedom to start their own business. However, they may be new to the business world. Or they may not be confident of their ability to develop a business. Or they may not have a business idea that they are confident in.

      The opportunity to start a business that has a proven success record and an established plan for achieving a similar success is what make franchising attractive to new business owners.

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