What not to include in the Entrance Fee

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MasudIbne756
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Joined: Sat Dec 21, 2024 3:45 am

What not to include in the Entrance Fee

Post by MasudIbne756 »

Depending on the industry and the competitiveness of the franchise, additional services may also be included to enhance the support offered. Some examples include:

Management software adaptation – ensure that the franchisee is trained in the use of software necessary for the business, including rental if necessary.
Advice on obtaining funding – help from an expert in European funds or other funding sources.
Support in finding a real estate agency – the franchisor can take charge of the search process, facilitating access to optimal locations.

When formulating the entry fee, it is important not to confuse dentist data essential services with the costs of furnishings, construction work and initial supplies . Some franchisors make the mistake of including these costs in the entry fee, but this strategy can lead to a less sustainable franchising project in the long term.

Focusing instead on services and support that enhance the business allows for a broader and more lasting perspective to be given to franchisees, making the project more attractive and feasible .
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