Franchising to expand a business

Small Business Finance Franchising - expanding a micro argument Contents; 1.Introduction 1.1.1. What is Franchising 1.1.2. Who is obscure? 3 1.1.3. How does it work? 4 2. Franchising In Australia 2.1.1. A background on franchising& adenosine monophosphate;lt 5 2.1.2. Growth and coming(prenominal) of franchising&lt 5 2.1.3. relevance to SME sector 6 2.1.4. Code of Franchising7 3. Organisational and geomorphologic Elements&lt 3.1.1. Types of Entities 8 3.1.2. Documentation 8 3.1.3. Franchising fees 10 3.1.4. Relationships 10 4. funding Elements - how to finance your franchise 4.1.1. General 13 4.1.2. Options for finance 14 5. oddment 17 References 18 1.Introduction 1.1.What is Franchising? Franchising is a generic term that describes a guidance of doing championship. In essence a model of business twist that relies on a kinship in which an proprietor (franchisor) of a business has licensed others (franchisees) to social function a business ashes and manage name to ascertainet and shell out products/services. Thus it is a grocery store concept of delivering products and services that weed be applied across a diverse shed of businesses. The International Franchising Association has substantive 75 different categories describing the businesses of its members. 1.2. Who is involved?

Franchising involves two parties: Franchisor - The franchisor is the initial proprietor of a business outline which has been developed and proven to be a successful rule of operating a conjunction business. As possessor, the franchisor has the legal subject matter to provide licences to others (franchisees). Typically the owner seeks to expand the business done a relationship with others who make similar objectives. Franchisee - The franchisee is the party that has entered into an promise with the franchisor to use the trade check up on / business name and business system in a defined outlet or territory. 1.3. How does it work? Essentially the franchisee has agreed to be part of the franchisors... If you want to lounge around a full essay, put across it on our website: Orderessay

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