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Archive for the ‘Franchise’ Category

As an investor, you choose a franchise business, of course, with the hope to earn profits more quickly than do new business. Well, to find a franchise you were hoping for, the following tips that can be considered:

First, set a realistic budget for the franchise investment. This includes franchise fees, taxes, licenses, salaries and employee benefits, at least for one year. Use data from a franchise association franchisors to find a decent investment.

Second, look for business opportunities that match personal goals, finances, skills, and experience. If you choose a franchise that does not fit, you might lose the passion in the middle and ultimately losing money.

Third, understand the full understanding of franchising and legal aspects of franchising. Learn every aspect contained in the bid franchise investment.

Fourth, seek an independent appraisal (review) to offer franchise opportunities. Get as much information about the history of the franchisor, the number of franchisees, the support given and the skills needed to run the franchise business.

Fifth, do marketing research to determine whether the business you want terjuni have tough competition or not.

Sixth, talk with franchise owners about their experiences with the same franchisor. Knowing when the franchise offered programs meet their expectations.

Seventh, compare the potential of franchise business opportunities, using a spreadsheet to track income and expenditure information. Likewise, you will need to discuss the document and the terms of the franchise contract with a lawyer. Remember; buy a franchise to create legal obligations, even if the effort fails.

In general, Franchise Business, Business Opportunity (BO) and the license have the same meaning as a concept of partnership in business. That is, there are two parties, the giver and the recipient the right to equally achieve the benefits of cooperation is mutual trust partnership. Three models of the business concept also has similarities in terms of risk level for investment enthusiasts, namely minimizing factors that previous failures have been taken over by the giver of rights through proof of business or brands within a certain time period in the early stages.

In the three business models also have similarities in terms of support, which the giver has a right of necessity to support the recipient’s rights in order to run a business to succeed.

However, there is a difference between Franchising, Business Opportunity (BO) and the very principle of licensing each concept. But, now it’s a bit difficult for us to know where the franchise, which license and which ones actually BO. According to Utomo Njoto, Franchising expert, there are 6 (six) things to be able to distinguish all three: First, from the aspect of the brand; franchise and license to use trademarks owned by the franchisor or licenses, but if BO does not have to use a mark owned by the selling BO.

Second, focus. Franchise focus on business systems. Licensing is more focused on intellectual property rights (IPR). While the BO should be talking about a package of business (start-up package) as there are machines, raw material supply it, and someone taught to start a business but the brand can own brands.

In the franchise must have support systems, no pre operational, pre launch, launch and there is no supervision after launching.

Third, the marketing communication. Now the franchise is a central element. Full advertising and national levels spending funds derived from the franchisor, but if BO does not have to license and centralized, in fact, they actually no right to take a full advertising.

Fourth, IPR-related documents. In Indonesia, a franchise that may be in the form of letter of application for registration of trademarks. Should be and actually has a certificate, but because in Indonesia the process is long it may be in the form of letter of application for registration of trademarks. As for the brand license must be certified brand.

Fifth, the related regulations. In franchising there is PP which there must arrange registration STPW (Franchise Registration Certificate) receiver and giver of the franchise. On the license it is Law No. Chapter 15 licensed brands and in Article 43 and 49 whose content in terms of recording the license must have a license agreement.

Sixth, the issue of sanctions. In franchising there is a written warning three times and a maximum fine of Rp 100 million. While the trademark license is not too tight at this time because the Department of Justice is formulating PP. In BO rules unclear.

For those of you who want a business but do not have the capital that is too large franchise could be the answer. Surely there is not just any franchise that you can choose. According to the Chairman of the Indonesian Franchise Association (AFI) Anang Sukandar, there are certain tips in selecting a good franchise.

A good franchise business is a business that is required daily food, beverages, education, salons, garages, retail field. In addition, Anang said that there are some areas that have the potential to improve their products, to franchises such as in Central Java and Yogyakarta match with food and batik, and to Bali with wooden handicraft products and clothing.

Anang also reminded investors should be cautious in determining and retrieve business opportunities through franchising. Given the current confusion often occurs between the franchises (franchise) with business opportunity (BO).

Franchise concept that is legally and in PP. 42 in 2007 described that the franchise should prove really profitable, but it was easy to implement business application process and taught to franchisees makers and others. It was definitely Franchise business opportunity (BO), but BO is not necessarily the franchise.

He also noted there are two things that are important in determining the franchise of which zone regularity problem dispersal area franchise units in each region. Does the provider of franchise restrict the actors who play in a certain area or not. So there is no competition among fellow franchisees.

Well, here are some tips on choosing a franchise.

1. Do not be insecure when dealing with staff of the franchise business. Even if they have the right to select you, they really need you. Therefore take advantage of interview sessions with them to dig out the condition of the franchise. They may dig up information about the personality and financial situation of investors. You should be able to explore in-depth information about the companies running the franchise.
2. Try to identify the background of the company or the entrepreneur, reliability, experience, market potential, competitive landscape, and the excellence and uniqueness of their product or system. From the counter-attack that interview you can feel their attitude. The manner and attitude when answering questions you can make benchmark their business culture. The more they open, the better. The more they are mysterious and closed, yes worse. Remember, you will have to exchange information with them. Imagine and estimate whether you can communicate comfortably with them later?
3. Do not hesitate to investigate the financial condition of the franchisees. Their performance in the past could be a reflection of your business prospects in the future. A good franchisor will not hesitate to share this important information. Franchising is a decent select company that has produced a profit for years, at least more than 3 years. Ask also the performance of a branch or franchisee-owned outlets long. Nothing wrong if you try to dig up information directly from the old first franchisee operates.
4. Select a brand franchise that has been known to the public. Some brand franchises overseas unknown here. But, if their names are well known internationally, it is worth considering. So do not hesitate to investigate their reputation via the Internet or acquaintances abroad.
5. Franchises are not deposits or fixed interest government bonds. Therefore, do not bet your entire fortune on the business you want to enter. As great as anything that you want to follow the franchise, business risk remains. You see, there are many economic factors that are not within the control of the company or any other economic actors, as good as any system and their advantages.
6. Learn and look at the draft contract as well as possible. Do not rush nodding and shaking hands sign a deal. Remember, all your rights and obligations listed in the contract documents. So, do not let the contract will only hurt you.

What is Franchising?
Franchising is a business that occurs because of franchise business dealings between giver and the recipient of the franchise, which the franchisee is given the right to do business by utilizing the intellectual property rights owned franchise giver.

For the franchisee will pay a franchise fee to the giver, and as a consequence Franchisor shall provide continuous operational consultancy support to the recipient franchise.

What Is Required Franchise Business?
To run a franchise business, franchise recipient will need a place of business, equipment and supplies.

Procurement needs may not be sufficient funds using their own funds. It required credit from banks.

Did you know, Bank BRI Gives Credit To Franchise?
As a leading bank in servicing loans to SMEs, Bank BRI has also provided credit to the franchise sector, particularly regarding the sector of SMEs.

Several types of franchises have been financed by the Bank BRI various branches. For BRI onwards will still finance the franchise sector with the more intense.

Franchise Loans To Whom Given BRI?
BRI give credit to both the giver and the recipient’s franchise franchise, after the first, conducted an analysis of those who need credit.

The amount of credit provided by Bank BRI will greatly depend on the potential ability of the flow of money that will be produced by parties who apply for credit.

Why Franchising is important for Bank BRI?
There are at least two reasons why the franchise is important for the Bank BRI.

First, because the franchise is a business that does not stand alone and there are interconnected between the receiver and giver of the franchise.

Besides research and development activities continue to be done to improve systems, processes, management, and product quality. Therefore, the success rate is very high franchise.

Second, most franchises are SMEs, the business franchises including the target market being subjected to Bank BRI.

Franchise Type Anything The Bank Financed BRI?
Basically, almost any type of franchise can be given credit by the Bank BRI, as long as the results of an assessment of the franchise is worth.

In addition, the alias process was easy credit was straightforward, as long as credit requirements can be met predictably fast.

Credit Period Franchise
Credit to the franchise business is very varied and very dependent on the term of the franchise agreement between the recipient by giving the franchise ..

How To Submit Credit?
It’s easy, just come into the offices of the nearest branch of Bank BRI then submit the plans and funding requirements necessary to establish or expand your franchise business. Furthermore, Bank BRI will conduct an evaluation of your plan is.
BRI Credit  help you Realize Franchise Business.