1, the investment should be reasonable
Because of the rush to open a store, many investors didn't prepare enough funds in advance. In order to collect the high initial fee, deposit and other expenses, many investors began to borrow from relatives and friends or loan sharks. Even if the store was successful, they might be unwilling to manage the store in order to raise money to pay off debts. After a long time, the store with the best business would collapse because of the high debts.
2. On-the-spot investigation
If you want to join, you must examine its direct store, not accompanied by its company personnel, but make an unannounced visit without the other party's knowledge. It is suggested that entrepreneurs first look around the store for a period of time to see its image and passenger flow, and then pretend to shop when there are many passengers, and observe the price, quality and design of its goods.
3. Business circle protection
Usually, in order to ensure the operating interests of franchisees, franchisees will have business circle protection, that is, they will not open a second branch within a business circle, so franchisees must be very clear about the scope of business circle protection.
4. Management regulations
Generally, there are as few as a dozen or twenty articles in a franchise contract, and as many as 71 or 81 articles, but there is usually a provision that "matters not covered in this contract shall be handled in accordance with the management regulations of the headquarters. If franchisees encounter such a situation, it is best to ask the headquarters to attach the management regulations to the contract and become an annex to the contract.
5. Control operating costs
The control of investment costs is extremely important to the profitability of stores, so investors should try their best to control investment costs within a certain range, but don't blindly save.
6. Learn to manage employees.