WHY IS BUSINESS PLAN IMPORTANT FOR A FRANCHISE?

 Hi there,

I purchased a franchise for sale in Australia when I was learning the tricks of the trade. The first advice I got from the franchisor was to create a business plan after conducting some market research. It involved learning about the competitors in the market, understanding the target market and defining the goals of the franchise. I worked hard to prepare the document and asked an accountant to help me with the financial projections. The document has been amended a few times over the years, but it has been the roadmap forever. So, here is an article that will tell you about the importance of a business plan for a franchise.    

https://www.franchise2sell.com.au/blogs/franchise/why-is-business-plan-important-for-a-franchise




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