The franchise business plan

Although widespread agreement exists that a business plan is a necessity, many aspiring entrepreneurs are reluctant to compile one. They believe that this is a complex task, best left to some accountant or consultant, but this is a fallacy. In reality, you are the best person for the job! After all, your business plan needs

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Writing a business plan

Leading financial institution Business Partners Limited has this comprehensive guide to writing a business plan on their website. These are their guidelines for a comprehensive and well-motivated business plan from which a thorough understanding of your existing or proposed business, your own goals and objectives and your financing requirements can be obtained. Specific attention should

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Franchisee Advisory Council Chaos

If you mention a franchisee council meeting to most franchisor executives, you will immediately see their shoulders slump and their complexion turn grey. The majority of franchisors we engage with dread the next roadshow of regional franchisee meetings more than an afternoon of root canal. Greg Nathan, a franchise relationship guru from the Franchise Relationship

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How to qualify for funding

While financing a franchise is considered less of a risk than a normal start-up business, there are still certain criteria that need to be met in a franchisee’s business plan in order to qualify for bank funding. Whether you are looking to buy into an existing franchise outlet, opening a new franchise or even expanding

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