Do you have a new concept to introduce, or operates an existing business in need of faster growth, or just more demands on capital than you can satisfy with existing resources?
Ride the Storm: Navigating Through Unstable Periods / Katerina Rudko (Belka G...
Should You Consider Franchising Your Business?
1. Should You Consider Franchising Your Business?
Do you have a new concept to introduce, or operates an existing business in need of faster
growth, or just more demands on capital than you can satisfy with existing resources?
Lack of capital is the major impediment to expanding your
business. To expand takes money. Whether you are driving an
18 wheeler, an SUV or a passenger car, you need fuel. Money
is the fuel you need to expand you business. Of course, you
can raise the capital from borrowing the money. But you are
face with the dilemma of raising sufficient capital to invest
for a new unit or many more without having to stumble upon
the never-ending list of financial institutions who might not
share the same enthusiasm of your winning business idea as
you are. And payback can be really tough when you are
putting money into a new business that will probably lose
money in the first year and barely break even in the second.
The bottom- line is you still end up with a truck load of debts and sky rocketing interests to dwell
with when you can only borrow up to your net worth which is simply too low to allow an
expansion at a level aggressive enough to capitalize on market opportunities.
Well, the fact that you never really make any real money that is liquid enough to help you open
several company owned units out of cash flow makes it inevitable to raise capital funds to
expand your business if you have the vision to grow your business idea and reach out to the
world. The better your business does the more money you will need to invest or borrow to fuel
your expansion. Hard to believe? Let’s take a look. Review your own financial statements from
last year. Are your profits reflected in your bank account today? Probably not. Why? Because
you continue to put cash back into your business to add inventory, hire people, advertise, and
update equipment. In doing so, you do increase the value of your business. If only there were a
way to get the job done without excessive risk? So what are the options? If you own a business
and are reading this article to learn more about franchising, you have already answered that
question.
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Keywords: Franchise Consultancy Dubai, Franchise Program Development, Franchising
Services, Franchise Middle East
ABOUT FRANCORP MIDDLE EAST:
Francorp® Middle East is the largest Franchise Consulting firm in the MENA region. Being a
renowned franchise company established in the US, Francorp Middle East provides franchise
opportunities to companies with their comprehensive franchising resources including but not
limited to Franchise Program Development, Strategic Planning, Legal Services, Franchise
Operations Manual, Franchise Marketing and Sales Training through the seamless and
coordinated efforts of an in-house team of expert Franchise Consultants. Over the years,
Francorp has assisted more than 14,000 companies plan for expansion and to open new
franchise through franchise business concept and have developed more than 4000 full franchise
program including coffee shop franchise in Dubai and the UAE.
FOR FURTHER INQUIRIES, PLEASE CONTACT:
Francorp Middle East
706, Single Business Tower
Sheikh Zayed Road, Dubai,
United Arab Emirates
Tel : +971 4 346 5000
Fax : +971 4 346 5005
Website: www.francorpme.com