The money will be needed to invest in the first 2 years of development where it is essentially wrong to think that you can have an immediate return on investment.
Therefore, to make a long-term investment you will have to use money that you do not need to live. You do not have to take food off the table to do franchising!
Like everything that is born, a franchise also starts from desires.
The desire of the entrepreneur who wants to develop a franchise must be to become the person who will take care of training, management and consultancy of their network.
I happened to meet several entrepreneurs who were at the top in terms of profitability and differentiating lever, but who preferred to stop on this last point. This is because for many people it job seekers data is easier to do the work, rather than teach how to do it and get others to obtain the same results.
And this is certainly the biggest limit that could block the creation of a franchise network!
You should know, however, that even if today it is difficult for you to get results from others, and you prefer to do it yourself rather than explain, it is essential to have the desire and will to change your role from entrepreneur to franchisor .
So changing from a person who does business, to a person who teaches others to do business.
The entrepreneur's desire
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MasudIbne756
- Posts: 86
- Joined: Sat Dec 21, 2024 3:58 am