Expanding Franchisee Advice (26 Jun 2006) Franchisor expansion policies are not as simple as one might think. On the mind of every businessperson is the idea of expansion. We think we will make more money when you expand to a second, third, fourth, etc. unit, store or work truck. So you would think if you are franchisee of a large franchise system that the franchisor would want to help you into that additional outlet as soon as possible or, like some franchisors, much sooner.
Expanding A Mobile Car Wash Business (26 Jun 2006) What is the best time to expand a mobile car wash business? If everything were perfect and you could choose the best time to buy a new mobile car wash rig, you should buy it in April and have it running by the 20th of May. If you have 1.5 times the business of your first unit, then you automatically have enough business for one-half of a second truck, van or trailer unit combination.
Basic Psychology of Franchisee Ownership and Expansion (26 Jun 2006) If you are a franchisee of a large franchise system; before you expand your franchise to include more stores there are some questions you might ask yourself. If, however, you bought your franchise to expand, grow and amass a small empire of your own, your franchisor will be the last person to stand in your way. Franchisors applaud those who are true entrepreneurs and believe in no limits.
Lawyers Everywhere Telling Regulators What Laws to Make (26 Jun 2006) The Federal Trade Commission decided to sit down and revamp the franchise rule of the 1970's. They started to do it in 1995 and postponed it then had some comments collected in 1997 and then in 1999. One thing, which is very interesting is most all the comments came from attorneys who specialize in either suing franchisors or suing franchisees.
Private Franchising is not Real a Real Franchise (26 Jun 2006) One major issue not being addressed right now in the regulatory definitions which guide consumers and lawyers in business opportunities and franchising is the new term being used; Private Franchising. The Federal Trade Commission decided it would revise its definitions of such opportunities in 1995, but failed to address this issue.
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.
The Franchisors Heavy Load (26 Jun 2006) Why are we over regulation the franchising industry, what purpose does it serve? Rules and laws are fine, level playing fields are nice, but the customer votes with their dollar and the entrepreneur and companies can only sell what people are willing to give up that unit of trade we call a dollar for.
Why the Over Regulation on the Franchising Model? (26 Jun 2006) Franchising is the fastest way to build small businesses, provide jobs, create money flows. Currently the Federal Trade Commission wishes to increase the over regulation on the franchising sector. The way the Federal Trade Commission conducts itself provides little incentive or allows few new entrepreneurial companies to merge from the ashes to become the next Wendy's Hamburger, McDonalds, Duncan Donuts, Century 21, KFC, Dominos Pizza, Midas Muffler, etc.
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.
More Rules for Franchising? (26 Jun 2006) The FTC- Mighty Federal Trade Commission has unilaterally decided to change the franchise rule. They changes are sure to hurt American business, Franchisors and the over 400,000 Franchisees in the United States today. These regulatory changes even if mere interpretations and opinion cause events which have unintended consequences.
Who Does Over Disclosure Really Hurt In Franchising? (26 Jun 2006) Costs of over regulation and over disclosure end up hurting the very consumer that the regulatory bodies are trying to protect. Over disclosure and over regulation is in itself the worst evil of civilization, as it stifles free enterprise, innovation and free markets.
How Many Gauges Do You Watch in the Cockpit of Your Business? (26 Jun 2006) As a business grows, the more moving parts it has. And the more difficult it is to keep an eye on everything that is happening. Then the balls start to drop. Does your business have as many moving parts as a Jumbo Jet? How do 747 pilots manage?
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?
Factoring Invoices How to Get Off The Cash Flow Merry-Go-Round (26 Jun 2006) All businesses want to be successful and to be successful you must have sufficient cash flow. Are you tired of your unpredictable cash flow cycle? Is the ritual of making incoming cash receipts stretch to cover short-term obligations frustrating your business and making you dizzy?
More Entrepreneurs Say Charge It When Starting Their Businesses (26 Jun 2006) Credit cards have become an increasingly popular substitute for traditional sources of capital, such as commercial loans from banks and venture capital. More and more new business founders are saying "charge it" to fund their start-ups and ongoing operations.
Dont Let a Challenge Stall Your Business - Five Tips for Staying on Track (26 Jun 2006) Without challenges, your business would cease to exist. After all, you began your business in response to a need and you continue it for the same reason. However, just as your customers' needs change over time, so do your business's. Your competition improves, technology changes, and your employees come and go. In order to stay in the game for the long haul, you need to find new ways to satisfy your customers, improve the efficiency of your processes, and maintain a healthy profit margin.
