It's critical to the survival of your franchise business to make a profit.

1.  It’s self-sustaining.

When your franchise is making profit, you won’t need extra capital just to keep it afloat. Profits provide the funds.

2.  Better resale value.

One of the key measure’s buyers look at is a track record of profits. Strong profits enhance the value of your franchise.

3.  Easier to borrow.

Banks like lending to profitable businesses. They have more confidence their loan will be repaid.

4.  Growth and expansion.

Profits mean you can grow and expand. Put systems in place, employ staff and manage the business.

5.  Can pay your debts.

Profitable businesses generate cashflow, so you can pay your bills, pay the taxman and pay down your loans.

6.  Reward for your efforts.

Pay yourself well for the efforts you put in. You’ve worked hard for it, so don’t forget to celebrate!

It's critical to the survival of your franchise business to make a profit.

Don't simply assume it will be there. You need to drive hard for it. Be deliberate. Check your figures each month, (in the first week of the following month is best).

Let me know if you need a hand, or would like to talk about the profitability of your franchise business.