3. Meeting goals. Why are you buying this particular Franchise? Have you always wanted to run your own business? Is your aim to be hands on with the business, or do you want to be able to put in a manager and just work behind the scenes? Do you want to spend more time outdoors? More time with your family? What are your strengths and weaknesses? You should consider what your goals are when picking a Franchise to ensure that the one you choose is the right one for you. 4. Ownership Structure . Some Franchise Agreements require that their Franchisees use a specific ownership structure. If this is not the case, then you need to consider what structure is best for you. You can establish yourself as a sole trader, a partnership, a joint venture (if you have a business partner), a company or a trust. Each structure has advantages and disadvantages, and you should obtain advice from your accountant and lawyer before deciding which is the best structure for you. 6. Power of Attorney . Unfortunately, life changing events occur and you and your business need to be prepared. You should have a Will and Power of Attorney in place that make provision as to what is to happen to
your Franchise if something happens to you. Any ownership agreement you have should also set out what is to occur if something unexpected happens. Aloha: After studying the issues which came underway while choosing the franchisee, and after working for more than 7 years in a Training and Development company, and now we planned to become a franchisee of Aloha, and start the operation first in Riyadh region because it is densely populated. ALOHA stands for Advanced Learning of Higher Arithmetic. It was founded by Mr Loh Mun Sung - in 1993. Aloha adapted and developed the concept based on the Abacus Computational methods from China and Taiwan. It was designed into a comprehensive curriculum for the purpose of introducing it to the children of Malaysia. Reason of Choosing Aloha : When we see a video where a small kid aged 8 doing the calculations in seconds, we get surprised how he is doing this so quickly. But it reality it is all about skill based Mental Arithmetic program. The primary reason is it provide a quality skill based Mental Arithmetic program incorporating the most advanced and innovative advances in education; to offer a valuable service to the community by contributing to the development of children - the future citizens, while maintaining the highest professional and ethical standards. These are the foundations on which the Aloha corporate enterprise has been built. In response to the demand, Aloha has embarked on a systematic development program designed to take Aloha to masses all over the world by means of franchising out its considerable expertise, knowledge and resources in the field of Mental Arithmetic. Mental Arithmetic is a form of training which will enhance a child ability to do calculation without the aid of any instruments such as calculator, abacus and etc. The child will be able to calculate with speed and accuracy using his mental power.
- Fall '17
- jane smith
- franchisee, KSA