Five Things to Consider When Financing Your Commercial Cleaning Franchise 51

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Raising money for your commercial cleaning franchise isn't hard when you know how. Banks will often be able to offer you up to around � of the cost of your operation, however it is essential to understand specifically how much money you will need to start the franchise off. Listed here are 5 points to consider if you're serious about running your very own commercial cleaning franchise:

1. Training costs

Even when you are using the services of employees who've worked as cleaners or franchise managers before, it is always advisable to prepare them to work in your franchise specifically.

2. Wages

Understanding how many individuals you will take on and just how much their pay will add up to is a vital component of your cost management.

3. Administrative work

What amount will it cost to fund the administrative function of your franchise? Would it be more affordable to get this done all at head office, or to delegate some duties more locally to various divisions of your franchise?

4. Sales and marketing

Marketng and sales is an important component of any organisation. In these modern times, this will incorporate a sizeable digital and online component. How are you going to finance your online marketing strategy? What size should it be? Should you use a specific marketing team to create and sustain a marketing plan? These are only a few of the crucial questions to ask yourself.

5. HR and IT

Nearly every company will use a type of computer based system, whether that means developing a company website or having an internal computerised system for keeping an eye on which cleaning jobs you are managing (or both). Because of this, it is important to factor IT (and IT support) and human resources into your application for funding for your franchise.

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