Franchise Companies Come and Go (26 Jun 2006) Each day we hear of companies entering the franchising industry. This is good news for America, right? Well, yes and know.
Franchise Company Operations Manual Sample Outline (26 Jun 2006) Many companies wish to expand and a few wish to use franchising as a method of expansion. Not a bad idea, but one must consider the importance of the fine details. One book I recommend you read is the "E-Myth" by Gerber it is available at all the usual places.
Franchise Opportunity - 5 Questions To Ask About The Franchise (26 Jun 2006) Franchising has become one of the most important and effective business growth strategies in the past quarter century. Although franchise system development dates back centuries to the times when monarchs awarded territories to tax collectors, current franchise business systems date back decades to the Singer Sewing Machine strategy of granting rights to individual business people to sell Singer products in various regions.
Franchise Rule to be Revised; Why? (26 Jun 2006) The FTC, Federal Trade Commission, is considering modifying the franchise rule. So far it has be a ten-year process; just imagine working that slow in your business? In 1995, 1997 and 1999 when the comments were first considered and taken in, which spans a ten-year period.
Franchise Sales and Use of Online Franchise Directories (26 Jun 2006) Want to know the secrets of the franchise sales business. Want to know where the best leads come from. How to best use franchise directory lead generation sites?
Franchise Territories are Generally Delineated On a Map; Why? (26 Jun 2006) If you own a mobile service or home based franchise your exclusive territory will be delineated on a map in the attachment of your franchise agreement. You will be assigned generally a single city, county or region and another franchisee or team member of the same system will not compete with your although may be right around the corner.
Franchise Territories for Mobile Businesses; Why Limitations (26 Jun 2006) In franchising an individual desirous of their own business will sign on with a franchising company and use their brand name, know how and expertise to make a living. The franchisor will generally assign an exclusive territory with limitations.
Franchisee; Vacation Managing (26 Jun 2006) Do you own a franchised business? Over 400,000 franchised businesses currently operate in the United States, which is a true testament of free enterprise. There are many advantages of franchised businesses, which anyone who owns a small business has thought about.
Franchises Must Meet Legal Definition to be an Actual Franchise (26 Jun 2006) All franchises must meet the legal definition of a franchise no matter what they call it before it is an actual franchise. This is the Federal Trade Commissions take on the franchise rule. It is not illegal to call a company a franchise even if it is not one and if it is not it does not have to follow the rules.
Franchises Offer Shortcuts, But Not Control (26 Jun 2006) Franchising can be a great way to start a business career, but you should make sure you're not just trading one job for another. Unless you plan on being an absentee owner, which I highly discourage, you are gong to be working in the business just as an employee would, so be sure the business you choose doesn't turn your lifelong dream into a never-ending nightmare.
Franchising 101- What You Absolutely Need to Know (26 Jun 2006) Franchising has made the world look really small. The well known flavors are now not just restricted to a single town or city but can be enjoyed world wide.
Franchising and Royalty Payments (26 Jun 2006) If you are thinking of turning your current into a franchising company you will need to determine a fair and equitable franchise royalty fee. There are a number of questions you will need to ask yourself in determining this fee such as what services you will provide to your franchisee team and what that will cost.
Franchising Companies Relationship Strategies (26 Jun 2006) Franchising Corporations need to maintain an iron fist when it comes to certain things in order to maintain absolute integrity of the system; Consistency, Quality, Cleanliness and Customer Courtesy or Service. Ray Kroc in his book; "Grinding it Out" made that point perfectly clear, some called him a hard ass on the details and indeed it served him well and turned 11,000 franchisees into millionaires along with some 1500 executives early on.
Franchising Looks Like Easy Money, Want the Truth? (26 Jun 2006) So often I read in business journals some business consultant telling folks that they should franchise their businesses. Well sure franchising looks like easy money but it isn't at all. Would you like to talk about the truth?
Franchising Pros and Cons (26 Jun 2006) Some folks offered helpful insights and suggestions on how to pick a franchise and a few things to watch out for, while other emails came from current franchise owners asking me to help them sell their operations to Anthony R.
Franchising VS Business Opportunity; What is the Difference? (26 Jun 2006) The modern Franchise business model and the much different business opportunity are much different and dissimilar. The definition of these two business models should be broken into completely different parts to better fit the two-different business models and have their own set of regulations, which would contain similar stipulations with regards to prohibitions, definitions or basic rules of law.
Franchisor Prospect Checklist Sample Form (26 Jun 2006) Due to the over regulation in the Franchising Industry and the litigation it is important to keep impeccable records. From the first phone call, email to the signing of the franchise agreement everything should be documented. Below is a checklist we created for our franchise company and one I wish you would consider when creating your own.
Franchisor; Ongoing Support and Ideas (26 Jun 2006) Ongoing support for a franchise system is omnipotent. A major part of any family relationship is communication. A large franchise system is similar to a giant family; it needs constant communication.
