If you have the money to pay the franchise setup fee, you could use franchising as a finance strategy.
Franchises were created with the fast food industry. Companies who wanted to give the same service and purchase the same type of raw materials, and to have sources for both, created the franchise idea.
For a one time fee, monthly royalty payments on sales, the company gets branding and visability that could take years to obtain. If you have a highly visible and profitable company, you could receive those royalty payments to add to your cash flow. By turning into a franchise, by thinking out of the box, you could create passive income for your company and yourself.
Working on best practices and accountability systems are the first steps in creating a franchise that could turn out to be your next biggest customer.
At RCM, we specialize in best practices and accountability systems to get your franchise idea started. Go to http://www.rcmorganize.com and sign up for a free report to get you started.
Tuesday, February 10, 2009
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