{"id":14477,"date":"2023-03-26T14:22:45","date_gmt":"2023-03-26T07:22:45","guid":{"rendered":"https:\/\/whiz.id\/?p=14477"},"modified":"2023-03-26T14:22:47","modified_gmt":"2023-03-26T07:22:47","slug":"apa-itu-franchise-yuk-intip-cara-membuka-franchise","status":"publish","type":"post","link":"https:\/\/whiz.id\/en\/what-is-a-franchise-lets-peek-how-to-open-a-franchise\/","title":{"rendered":"What is a Franchise? Get to Know How to Start One!"},"content":{"rendered":"

What is a Franchise \u2013<\/strong> Many people are interested in opening a business today. However, sometimes they are confused about choosing a prosperous one. Well, then, try to find a business scheme that suits you or the capital you have.<\/p>\n\n\n\n

There are lots of ways or schemes for someone to open a business. One that is currently popular in Indonesia is a franchise business. Have you heard of this term before? If not, Whiz will explain what a franchise<\/em>is here this time. Stay tuned, OK!<\/p>\n\n\n\n

Read also: Unexpected Entrepreneurial Benefits<\/a><\/strong><\/p>\n\n\n\n

\n\n\n\n

What is a Franchise?<\/strong><\/h3>\n\n\n\n
\"What<\/figure>\n\n\n\n

Quoted from peraturan.bpk.go.id<\/a>, per Permendag No. 71 of 2019, franchising or a franchise<\/em> is a special right owned by a person or business entity of a business system with business characteristics. A franchise<\/em> is marketing goods or services that have proven successful so that other parties can utilize them based on a franchise agreement.<\/p>\n\n\n\n

In addition, in the Great Indonesian Dictionary (KBBI), a franchise <\/em>or franchising means cooperation in the field of business with a profit-sharing system under an agreement that includes management rights and marketing rights.<\/p>\n\n\n\n

Furthermore, the Indonesian Franchise Association (AFI) also revealed that a franchise<\/em> is the same as a franchise business, which distributes goods or services to customers. In this business, the brand owner will give rights to individuals or business entities to run a business on the brand.<\/p>\n\n\n\n

The primary owner of the mark has also determined the name, procedures, and methods. Simply put, a franchise<\/em> is a branch business or business duplication to another party (a person or a business entity).<\/p>\n\n\n\n

How? It's understandable, right? If interested, let's consider the advantages and disadvantages of starting a franchise<\/em>.<\/p>\n\n\n\n

Advantages and Disadvantages of a Franchise Business<\/strong><\/h3>\n\n\n\n
\"What<\/figure>\n\n\n\n

Advantages<\/strong> of Opening a Franchise Business<\/strong><\/h4>\n\n\n\n
1. Profitable<\/strong><\/h5>\n\n\n\n

A franchise<\/em> can be very profitable, you know. A popular franchise<\/em> will surely have high costs or capital, but your profits can be higher than the capital you spend. Wow, it's tempting, right?<\/p>\n\n\n\n

2. Business Assistance<\/strong><\/h5>\n\n\n\n

By owning a franchise<\/em> business, you will also receive assistance while running it. You will receive various tools, clear instructions for running the business, quality supplies of materials, and much more.<\/p>\n\n\n\n

Besides that, you will also receive training on management, marketing, and benefit from promotions or campaigns through the national media as well. <\/p>\n\n\n\n

3. Low Failure Rate<\/strong><\/h5>\n\n\n\n

When you start a franchise<\/em>business, you have bought a set and successful concept from the product owner. Statistics also show that opening a franchise<\/em> is more likely to succeed than independent businesses.<\/p>\n\n\n\n

4. Brand Recognition<\/strong><\/h5>\n\n\n\n

As someone who opens a franchise<\/em>, usually, the products are already well-known. Opening a franchise makes it easier for you to market the product. You no longer need to pay more to get new consumers or customers.<\/p>\n\n\n\n

5. Established Business and Financial Management<\/strong><\/h5>\n\n\n\n

It's expected of a franchise<\/em> business to have good business management. As a business owner, you no longer need to think about products, business ideas, or business systems. You have to practice it in the new location that you run.<\/p>\n\n\n\n

It goes the same even with financial management. A franchise<\/em> business already has a partner, so the owner will have its financial management arranged. As the one who runs a franchise<\/em>, a well-tested financial management system will make it easier for you to manage your finances.<\/p>\n\n\n\n

Disadvantages of a Franchise Business<\/strong><\/h4>\n\n\n\n
1. Large Initial Cost<\/strong><\/h5>\n\n\n\n

It's no longer surprising if you want to open a franchise<\/em>business, you must have a large enough capital. Lots of costs must be incurred. For this reason, before opening this business, you must prepare very qualified finances.<\/p>\n\n\n\n

2. Fully Controlled by the Franchisor<\/strong><\/h5>\n\n\n\n

Franchisor<\/em> is the first product owner of the franchise<\/em> who has complete control. For example, as a businessman of a franchise<\/em>, you have related innovations or new ideas franchise<\/em> that differ from the franchisor's<\/em> agreement. This is because they have full authority over the business you are running.<\/p>\n\n\n\n

3. Easily Affected Reputation<\/strong><\/h5>\n\n\n\n

If the reputation of a franchise<\/em> is lousy in one location, the franchise <\/em>you are opening will be affected too. While at the same time, the franchise<\/em> at your site is running fine. That way, you will also lose a few percent of turnover and customers.<\/p>\n\n\n\n

4. Stuck in a Trend<\/strong><\/h5>\n\n\n\n

Despite mature marketing, buyers of a franchise<\/em> are usually caught in the market trend. Consumer behavior that often changes can affect your franchise<\/em>business, you know. For example, Thai tea franchises<\/em> are slowly being replaced by other trending beverage businesses.<\/p>\n\n\n\n

5. Profit Cuts Occur<\/strong><\/h5>\n\n\n\n

The businessman of a franchise<\/em> are obliged to pay royalties from the profits earned. So, if, for example, you get a little profit, the net profit you will get is even less because there is profit sharing by the upper party.<\/p>\n\n\n\n

Everything we do certainly has advantages and disadvantages. If you are passionate about a franchise<\/em>business, here's how to open a franchise<\/em> business.<\/p>\n\n\n\n

How to Open a Franchise<\/strong><\/h3>\n\n\n\n

1. Strategic Location Is Key<\/strong><\/h4>\n\n\n\n
\"What<\/figure>\n\n\n\n

Even if the franchise<\/em> business you chose is well-known to many people, determining the location is the main thing. Choose a strategic location. Also, ensure that your chosen place is your business target, for example, the target consumers. <\/p>\n\n\n\n

The more careful you are in choosing a strategic location, the higher the profit potential you will get.<\/p>\n\n\n\n

2. Make Sure Your Capital is Sufficient<\/strong><\/h4>\n\n\n\n
\"\"<\/figure>\n\n\n\n

Prepare sufficient capital to open a franchise<\/em> of your choice. Don't let your business profits slow down because your capital is insufficient.<\/p>\n\n\n\n

3. Do a Check on the Franchise<\/strong><\/h4>\n\n\n\n
\"What<\/figure>\n\n\n\n

The next step is double-checking the franchise<\/em> you will open, OK. Ensure the reputation of the franchise<\/em> you choose is trusted and follows your target market. You can also compare your franchise<\/em>business with other kinds of franchise<\/em> businesses. <\/p>\n\n\n\n

That way, you are more prepared and steady in opening a franchise<\/em>.<\/p>\n\n\n\n

4. Get to Know the Target Market<\/strong><\/h4>\n\n\n\n
\"What<\/figure>\n\n\n\n

After finding out which franchise<\/em> you will choose, knowing the target market of the franchise<\/em> that you open is very important. Ensure the business and the target market you have set up are compatible.<\/p>\n\n\n\n

5. Use Social Media<\/strong><\/h4>\n\n\n\n
\"What<\/figure>\n\n\n\n

One of the suitable ways to market your franchise<\/em>product is through social media. Only with gadgets can you sell your products widely if you carefully use them.<\/p>\n\n\n\n

Consider asking for help from the people closest to you to promote your product, OK?<\/p>\n\n\n\n

6. Customize with Your Interest<\/strong><\/h4>\n\n\n\n
\"\"<\/figure>\n\n\n\n

Many franchise<\/em> businesses look promising\u2014for example, mini markets<\/em>, restaurants, cafes, salons, courses, etc. In opening a franchise<\/em> business, your interest is crucial because you will enjoy doing your business more.<\/p>\n\n\n\n

Read also: Want A Part-Time Job? Here's How To Prepare For It!<\/a><\/strong><\/p>\n\n\n\n

\n\n\n\n

Well, that's an explanation of what a franchise<\/em>is. How? Are you interested in opening a franchise<\/em>? Come on, try it. However, you must ensure your financial condition is secure before trying it. <\/p>\n\n\n\n

Try to use the Whiz financial application.<\/a>. You can manage finances well using Whiz<\/a>. There are also many benefits that you will also get!<\/p>\n\n\n\n

DOWNLOAD WHIZ AND MANAGE YOUR FINANCES EASILY!<\/a><\/strong><\/p>","protected":false},"excerpt":{"rendered":"

What is a Franchise - Currently many people are interested in opening a business or business. However, sometimes they are confused about choosing an interesting business. So, if that's the case, try to look for a business scheme that suits you or the capital you have. There are many ways or schemes for someone to open a business, one of which is currently [\u2026]<\/p>","protected":false},"author":8,"featured_media":14520,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[10],"tags":[],"class_list":["post-14477","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-making-money-saving"],"yoast_head":"\nApa Itu Franchise? 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