Basically all types of businesses can franchise business, for example, Salon, Spa, Service station, Restaurant, institution, Telecommunication/Internet Cafe, consultancy services, Minimarket, grocery store and so on. Some of the main reasons why companies choose development strategy venture through the business format franchises are: – Get the operating efficiency and economic power. – Achieve a faster
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Any company considering franchising as a method of growth and distribution or individuals considering franchise as a method to start his own business, must have the key to success for This industry. Based on observation and hands-on experience working in the largest franchise company in its field (McDonald’s and Mailboxes) writer 17 summarize the key
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“Shrink is the difference between the value of product received, versus the value of that same product at the point of its sale.” EFFECTS ON GM SHRINK Receiving properly Internal theft by employees External theft by shoplifters Damage Pricing RECEIVING Count inventory to verify you received Keep a perpetual total of GM purchases by day/week/month
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