1) Designing and Upgrading of Franchise Operations Manual
A businessman may or may not have a set of operational manuals. In both cases, the expertise and background of a Franchise Developer in enhancing the Franchise Manuals will help a lot in promoting someone else’s Franchise Business. The operations manual embodies all the procedures needed from acceptance of franchisees up to the nitty gritty of things including store operations, personnel management and others. The enhancement of an existing franchise manuals will benefit your franchise business.
2) Mapping Out of Plans for Your Franchise Business
If the business is a battlefield, then the owners are the generals and the Franchise Developers are the advisors and intelligence officers. It is a must that before launching or converting your existing business into a franchise format, everything must be properly planned before it will be executed. For franchising, the improvement of operations and financial systems rest on the shoulders of the owners while the designing and development of the franchise manuals, franchise agreements, franchise marketing materials and the likes are the responsibilities of the Franchise Developer. Both of them must work hand in hand in order for things to materialize as planned. It is a working partnership from beginning to the end.
3) Financial Systems Review
The most common slip-ups of most businessman is neglecting their accounting and tax systems. The common misnomer is that because one’s business is not yet operational, they are not yet bound to file the proper forms with government agencies especially the Bureau of Internal Revenue (BIR). Review your BIR Certificate of Registration (COR). Every tax listed on that certification must be properly filed, otherwise, the pain of paying penalties will affect the cash flow of your business. The need to establish an adequate accounting and tax system for the franchise business from the point of registration up to the operational stage is not be ignored for it will have a material bearing on your business. The importance of having an accountant on your side is a necessity because they knew better the ins and outs of tax matters. All successful businesses in our country know this matter. If the big guys are doing it then the start-up companies must do it also.
4) Time, Motion and Money Advantages
If time is money, then every motion lost is money also. A businessman may be able to do all the manuals and everything for his franchise business but the professional inputs and experienced works of a Franchise Developer cannot be set aside and is irreplaceable in the long run. Every establish Franchising Brand in the market today, in one time in their operations, hired the services of a Franchise Developer in order to launch a more professional franchising program for their business. The time saved on getting the services of Franchise Developer will add value to your enterprise. The businessman knows the business entirety but the Franchise Developer dissects the important details that are often neglected that lead to the downfall of the business.
5) Two Heads Are Better Than One
That popular adage is almost always true in every situation in our life. The businessman may have the operational, sales and marketing knowledge but the franchising part is a blind area for him. It takes two to tango. Just like in a dance, it is important that the other person not only knows how to dance but he knows how to dance well. Imagine the formula, established business plus a franchise developer equals a working franchise business. The benefits that your franchise business will reap will outweigh the cost of engaging the services of a franchise developer.