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What do you need to include in your business plan?
You need to consider a variety of factors in your business plan.
On what Radfield Home Care Franchising looks for in a business plan, Hannah explains: “A business plan should look at the opportunity in the area and how you’re planning to operate.
“It should set out your plans on how you will grow your business and attract clients, how you will operate your business and include financial projections for your business.
“It’s an important document, which you will use to track your progress with your business, and should be reviewed regularly with your franchise support team.”
- Are a franchisor’s management service fees always charged as a percentage of gross sales?
- What information should the operations manual include?
- At what point during a five-year franchise agreement should a franchisee begin to make a profit?
- Are franchise deposits refundable?
- What’s the difference between a franchisee and a franchise owner?
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