Thursday, August 2, 2012

Franchise Evaluation Checklist:C


1.      Are you pleased with your investment in this franchise?
A:  Yes, I have started it about 2 years already.
2.      Has the franchiser lived up to its promises?
A: Yes, if you follow the plan nicely, it will do.
3.      What was your greatest disappointment after getting into this business?
A: I have no disappointment so far, but I’m glad that I have more time with my family, compare with my previous worl.
4.      How effective was the training you received in helping you run the franchise?
A:  It is proven with my recruitment on student and testimonial from parents
5.      What are your biggest challenges and problems?
A: To recruit more student, and lack course instructor, and also the quality of the CIs.
6.      What is your franchise’s cash flow like?
A:  I buy materials from the HQ, advertisement, rental fees,utilities and I earn by recruitment fees and monthly fees.
7.      How much money are you making on your investment?
A: RM30,00 for licence fees, about RM20,000 for renovation,   40,000 for rental fees.
8.      What do you like most about being a franchisee? Least?
A: I’m happier that I can facing kids’ happy face rather that only paper works. And the time for me is more flexible compare to my previous job.
9.      Is there a franchisee advisor council that represents franchisees?
A: Yes, The Malaysian Franchise Association.

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