4 Check your business ready "Franchise sales" yet!

As the business progresses to a certain extent, SME often thinks about expanding the business. Many businesses cannot reach the dream side, often due to insufficient investment. Branch expansion is difficult, although the business has a bright future. If your friend's business is in this situation Franchise sales may be another answer to grow the business forward.
But don't forget that Before we start selling franchises, there are often precautions that operators should not overlook. By Khun Sethapong Phadungphisut, Managing Director of Genosys Co., Ltd., Strategic Consultant Business finance and franchises provide advice for those who want to sell franchises. There must be a 4 / karma.

1. Good deeds
Good karma here means Good actions that brand owners have created Which means the reputation of the brand for a long time By which consumers can see that your business has a good deal There are people talking about the brand positively. That's what we call good karma.

2. Process
For any business that sells a franchise, it is necessary to have a management process. Have their own secret formula Have a competitive advantage Will be able to expand the franchise This process requires you to transfer to your franchise. If talking to each other to see the picture is You have to plan your franchise business cycle. Where your business still survives

3. Profit
The third thing that we will talk about is "profit". In this area, we must have before we expand the franchise. Not that it will expand the franchise with your business still not profitable, but want to earn more from expanding franchises. Which you cannot prove that your business has been profitable Therefore, do not think to expand the franchise if your business is still not profitable.

4. Power
Of course, when our business is going well The idea of ​​wanting to sell a franchise would be in many people. Because no matter who wants to have more income But you have to look back and see if the manpower we have is enough to support our franchise or not, as we said above. Would be useful for anyone who is thinking of selling a franchise if you have 4 items above Believe that your business is ready to sell the franchise Only need to see the market well Because all of these are internal factors that make our business grow. But you do not forget that doing business, external factors also affect success as well.