What are the Criteria for Becoming a Franchisor?

[Suba]

Currently, more and more franchise businesses are owned by local and global companies. The franchise business is considered the easiest and most profitable business, franchisees don't need to think about a business plan, they also get raw materials or products and get training so you can immediately open a business. Franchise businesses are generally well known to the public, franchise businesses also provide ease of business management because franchisees must use the same standards and procedures as the franchisor.

 

[Suba]

It's true, the franchisor must have been proven to be able to make profits in a sustainable manner, with a well-known trademark (although there are also many franchisors who have brands that are not well-known, especially local brands). Apart from that, the franchisor must also have business characteristics, Intellectual Property Rights must be registered.

 

[Augusta]

I think one thing to note is that you should be an experienced business owner. You should be able to make profit and be productive in your other businesses