Most Franchise Businesses are successful but invariably like any other business some do fail. Why do they fail? Most franchisors fail primarily because they took the route of franchising their business without proper planning and preparation.
Why Franchise Your Business
Can you franchise your business? Is franchising the right route to take for your business? As rents and rates rise in the main shopping areas & supermarkets take a greater share of consumer spending what are the advantages and disadvantages of franchising your business.
The Franchise Business, Internet & Enhanced Relationships
Many franchised businesses now use the internet to communicate with the franchisor. This communication is mainly by way of an Intranet which is a private computer network. This can be done via the internet or via cables interconnecting the franchise network and serve to enhance the whole franchise network if done correctly.
The 5 Ks Of Being A Successful Franchisor
The franchise business world is constantly changing as new opportunities are released every month to an already stretched market place. By utilising the 5Ks of being a successful franchisor it is possible to keep ahead of the competition.
New Franchise vs. Existing Franchise… Which To Purchase?
If you’re not sure whether to purchase a new franchise, or look at existing franchise opportunities, then this article was written for you. We will discuss the positives and negatives of purchasing a new franchise, and what you must avoid if you’re going to get a good return on your franchise investment. After reading this article, you should have a question answered on whether purchasing a new franchise is better than purchasing an existing franchise.
Is Franchising Right For Your Business?
Franchising a business is a great way to expand and get your products to the market quickly. It is possible to achieve strong growth using the franchise model.
Half Of All Franchises Are Owned By Multi-Unit Franchise Operators
Multi-unit franchise operators are on the rise. Some buy multiple units in the same brand. A few buy more than one franchise in different but competing brands. Others buy multiple units in totally different sectors.
Franchisees – Beware Of The Franchisor!
Some franchisors seem to act in like highway robbers. They mistreat their franchisees and want to take the largest slice of profits. So how can you ensure that you do not end up buying the wrong franchise business?
Franchisee And Franchisor Relations
How can franchisees maintain proper relations with their franchisor? A lot has been written about how franchisors can promote positive relations with their franchisees. Franchisors should maintain proper dialogue, reward the best performing franchisees and hold regular meetings. I believe that the duty also lies with the franchisee to help the franchisor achieve his goals of maintaining proper and profitable relationships both parties.
Franchise Opportunity – What Questions Should You Ask The Franchisor?
With all franchise opportunities there are a few questions that all potential franchisees should ask of the franchisor. Bear in mind that this relationship could last many years and your business potential and your future happiness rests on the answer received. Money whilst important in the decision making process is by no means the only important consideration in business.
Find A Great Franchise Opportunity & Plan For Success
How do you find a great franchise opportunity amongst the thousands advertised on the internet, franchise exhibitions and magazines? In this article I examine the key qualities that potential franchisees should look for when evaluating a franchisor and their business model.
Ethical Franchising How To Choose A Respected And Principled Franchise System
So you want to buy a franchise? Sounds like a great idea. After all, buying a proven business formula allows you to be steps ahead of the competition and learn from the success of others. It makes absolute sense on many levels, and thus explains the proliferation of franchising and its thriving success rate.