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An alternative to starting your own business from scratch is franchising.  Franchising is not a "form" of business, but is a method or system where companies (franchisees) are granted the right to operate a business according to a special contract with a parent organization (franchisors). The franchise system is incorporated under the Franchise Act 1998.



Franchise System

A Franchise System refers to a contract signed between two or more parties in which the franchisor gives the right to the franchisee including the master franchisee to operate business that is similar to the one initially started by him. To run a business base on the franchise system you have to register with the Registrar of Franchise, Ministry of Entrepreneur and Co-operative Development, Malaysia


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It's essential to know the supply cost and competitor pricing, but there are many other 'tricks of the trade' that help customers to say yes!



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"A useful info by Rick Johnson, expert speaker, wholesale distribution's 'Leadership Strategist', founder of CEO Strategist, LLC a firm that helps clients create and maintain competitive advantage"-elvan

 


Being a President, CEO or the owner of a company can get lonely at times. This is true even if you are an excellent leader and have developed a top notch executive staff. Often times you face decisions, challenges or just thoughts that you can't even divulge to your most trusted employee. Some CEOs use executive coaches to help them during these times. Often it is just affirmation and validation of one's own thinking but it is important to have that outlet.


Franchising ?  Licensing ?  Franchising ?

                         Licensing ?  Franchising ?


There are plenty of options open to the person who is starting a new business. Many people decide that when they start a new business they do not want to enter the business world without the advantage of a name that people know - franchising and licensing are two business options that people can use in order to start out with a popular brand and have a better chance of making strong sales in the beginning, establishing a popular business, and having a relatively high level of continuing business as the company grows.

Franchising and licensing are very different things, however. Each offers different levels of involvement from the company you acquire the franchise or license from. There are up sides and down sides to each possible method of starting a company, so let us look at a few of them and get a sense of what is involved in each.

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Can a Job Description guarantee perfect work? Telling someone to 'be good' never guarantees perfection, but if it's clearly written down, at least they know what 'good' looks like. If you don't offer a proper 'road map' you are asking for disappointment. It may start out well, but then usually declines.

A Job Description does many things, and sets out tasks and responsibilities. It shows applicants you're organized and efficient, and it's a guide for new staff on what to do. It's the basis of a productive performance review. It can also be a checklist for discipline and a warning to the lazy. A clear and understandable document sets you apart from your competitors who still rely on verbal direction and yelling.

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There are so many important factors to consider when it comes to franchising. If you are thinking about buying into a franchise, you must invest the time into research everything you need to know. You want to make sure you are investing your money in a smart franchise that works for you. This is not always an easy process, but it's important to do your research and consider all of your options.



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The fix asset (building, equipment, furniture) are only valuable if they contribute to or facilitate the making of profit, as well as, the staff, food & beverage ingredient and decoration of the outlet are only valuable if they, too, enhanced the restaurant's profit potential. Most of people thought that with enough manpower, less rental cost & well proper of cost control will drive the business to the success. Yes it is, but a lot of restaurant operator will not realize that in fact, systematic well plan "Organization" is a most important element. There are precious few restaurants that can or will survive without excellent organization.

 

But what is organization means? Here are few examples:

 

~     Organization charting & structure (Different level of staffing as from rank & file to top management)

     Company Policies & Procedures

~      Mission statement (Who & How you want to be in this industry)

     Short term & long term business planning

     Sales and expense forecasting

     Financial control implementation

     Monthly profit & lost statement compilation & analysis

     Internal control systems

~      Staff job performance evaluation & measurement

~      Commitment to training programme either from internal & external

 

Doesn't matter your business is big or small, a right begin action is very important. Just to make sure that do the right thing before everything is too late.

Implementation of policies & procedures or rules and regulation is very important too in order to direct your staff to perform their jobs in the proper way. Guidelines must be formalized so that interpretation is minimized. If you are not sure of how to starts this, I'll advise you to know more experience people in this industry to share with you, yet there might be a lot of different ideas given, at the end you as the key person or operator got to decide the suitable systems into your establishment.








About this Archive

This page is a archive of recent entries in the Restaurant Business Foundation category.

Raw Material Knowledge is the previous category.

Special Cafe & Restaurant Concept In the World is the next category.

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