Because of the rush to open a shop, many investors didn't prepare enough funds in advance. In order to collect the high joining fees, security deposits and other expenses, many investors began to borrow from relatives and friends or loan sharks. Even if the shop was successful, they might be unwilling to manage the shop in order to raise money to pay off debts. After a long time, even the best shop would collapse because of high debts.
2. Field trip
If you want to join, you must examine its direct store, not accompanied by its company personnel, but make unannounced visits without the other party's knowledge. It is suggested that entrepreneurs first look around the store for a period of time to see its store image and passenger flow, and then pretend to shop when there are more passengers, and observe the price, quality and design of its goods.
3, business circle security issues
Usually, in order to ensure the operating interests of franchise stores, franchise headquarters will have a business circle guarantee, that is, no second branch will be opened within a business circle, so franchisees must be very clear about the scope of the business circle guarantee.
4, the problem of management regulations
Generally, there are as few as ten or twenty articles in the franchise contract, and as many as seven or eighty articles and hundreds of articles. However, 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 the operating costs.
The control of investment cost is extremely important to the profit of the store, so investors should try their best to control the investment cost within a certain range, but don't save blindly.
6. Learn to manage employees