You might first think that because you are buying a franchise you don't need a business plan. After all Enes Kanter Jersey , the franchisor is going to tell you exactly what you need to do. Well, that's not really how it works.


Yes, you have an existing business model, the franchisor will provide training, the company branding and marketing material is defined and you have other franchises that have made many mistakes so you don't have t.


However, think of the franchise as simply providing the foundation. You still need to build the rest of the business. In building that business Patrick Ewing Jersey , you need a business plan that defines and sets expectations.


Why have a franchise business plan?


Even the most successful franchises can fail without a gd business plan. The franchisor is not running the franchise, it's you! You are responsible for how well it operates and its profitability. Your plan will be a road map to the future. It will lay out the way you must go to achieve your ultimate ambitions. There are three basic elements that a gd business plan gives you:


1 Phased Approach You can't tackle every detail at once. Dealing with each piece of the business such as: staffing, supplies, insurance, marketing, overhead expenses Carmelo Anthony Jersey , utilities and so forth, will allow you to see what needs to be done, one piece at a time. It becomes less intimidating to deal with issues separately than as a whole.


2 Key Benchmarks You want to see definable success as you move forward. The franchise business plan gives you the opportunity to set key benchmarks or goals for each quarter of the first, second, and third year. As you move to the future, you work toward those goals New York Knicks Jersey , solving the problems or overcoming obsta 95wholesale.com/]Cheap Air Max 90 Online[/url] Cheap Nike Air Max 90 Infrared