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franchise companies Tagged Articles
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Franchise Discovery Day: What Can You Expect?
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| Despite the assumption that a Discovery Day is solely for the benefit of the potential franchisee, the franchise company itself also uses the occasion to develop first impressions of prospective franchisees and to informally assess their suitability for the business. So, it is the day for the management team and the franchise candidate to get to know each other on a deeper level than phone and email to decide if this is a good match for both parties. But what else can you expect? |
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Franchise Business Development In India : Choose The Right Franchise Consultant For Your Business Growth
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| With more than 1500 organized franchisers in India and an estimated 3000 getting organized in the next couple of years, it becomes very important for every business to analyze, what's the best way forward.Will franchising serve my organizations growth objectives.If yes, how do I 'Franchise My Business' or 'How To Franchise.' How can i quickly build a robust business system, that works efficiently with a variety of franchisees, all of whom work independently and yet at the same time together.What are the challenges i need to address.Franchising can give you great results.Every business is unique and has to be dealt differently. You can mold your business strategically around franchising and set the foundation for scalability and growth. The first step is to look for a franchise consultant expert who will run this marathon along with you. |
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Start A Franchise Business In india Either By Yourself Vs With Professional Help From Franchise Consultants.
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| With millions of Indians looking at starting a new franchise business annually, this would be a brief synopsis of how they can do so,either on their own or professionally.When we started franchise consulting a decade ago we hardly had a handful of reputed franchise businesses available.Today more than 1200 organized franchisees are available.along with atleast 3000-4000 businesses getting ready to franchise in the next 3-5 years,opening the industry to a variety of options.So how will entrepreneurs go about choosing a new business,how are they going to sort their franchise lists, how will they do the due diligience. As internet,technology and information is increasingly making it possible to know which ones are available, the challenge will always remain on the 'best business suitable.'Let me try answering this for you ahead. |
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An Interview with Ron Berger, Franchise Industry Leader and CEO of Figaro’s Pizza
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| This is part one of a two part interview with Ron Berger, CEO of Figaro’s Pizza. Ron has been in the franchise industry for 36 years and has been a member of the IFA Board of Directors in the 1980’s, 90’s and until February, 2010.. The interviews are an opportunity to cover a broad range of topics with someone who has built several franchise companies and has contributed to the growth and vitality of the franchise industry. |
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Is Now a Wise Time to be Buying Your New Franchise Business?
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| Are you thinking about buying into a franchise business? What are some of the advantages and disadvantages to look at in this business model? Here I analyze a particular franchise business which is fairly common around the world. |
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Buying A Franchise: Some Do's & Don't
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| Life has a way of manipulating the circumstances and the conditions. Often executives and those vulnerable to economic downturns turn to consideration of business ownership.
I'm often asked when I speak to groups, "Are there some hard and fast rules of doing a proper examination or investigation of the various kinds or brands? Can you better understand the business if you do certain things?" The answer is mostly yes. The more you actually know the more confident you are once you make a decision.
But there are dangers as well. Often we study so much the line becomes blurred between what is factual and actual and what is someone's overly blustered and inaccurately stated opinion or random thoughts.
Here are some things I recommend to you that you DO: |
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Deciding if a Franchise is Right for You
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| In these times of financial difficulty people are considering their path into the future. Alot of people are driven by the impulses of ambition, redundancy or even preparation for retirement and contemplating self employment through franchising as a potential way forward. Without a doubt self employment through franchising is not right for everyone. |
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Ask These Questions Before Becoming A Franchisee
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| Recently I took a short business trip which required some air travel. My traveling companion on the way back, not getting my subtle hint of isolation that my Ipod Touch and headphones projected asked me about my trip and then my profession.
What followed was a series of questions that started out in very familiar terms: "You know, I have always wondered about getting into business for myself but I'm not sure I'm qualified or that it's right for me. " What followed was most of the following questions that are commonplace and typical. So, in only a mild order of importance or, more to the point the way they seem to flow, are my twelve or so typical questions people have burning in their bosoms about franchise business ownership.
Check them Out... |
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Master Licensing Franchises - A Change of Heart
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| The odds are against success. The numbers don't lie. The challenges facing the operations of a larger small business development compared to a smaller business component is significant enough that it is best to start smaller, ensure your grip on the business model and then grow from there.
These are all expressions I have used. For the most part I still believe these...IF we were talking 5 years ago I would stand by them, in front of them, behind them and arm myself on all of the information that supports them.
Today is a different day however. |
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Food franchising come of age in India: FICCI
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| Food franchising has come of age in India. Northern India boast of having 70% brands of 408 brand franchisors, Western India with 386 brands, Southern India with 250 brands and the Eastern India with 58 brands. Over 30% of new food outlets which are coming up in almost all the cities across the country are through franchise system, 17% share of food and beverages in the organized sector is operated by franchisors in the country. There are 1200 franchisors at present, out of which 150 are exclusively dealing in food and beverage retail 75% of which are of Indian origin and rest are international. |
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The potential of International Franchising in India
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| The Indian economy grew by 6-7% in the 2005, thanks to continued reforms The middle class has never had it so good, with plenty of options and credit available in abundance at a competitive rate. There has been a change in mindset; a flamboyant generation is gradually replacing the debt-cautious. |
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Future of Franchising in India
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| Franchising is an entrepreneurial alliance. Much like a commercial business partnership wherein the franchisor provides the brand name, manufacturing / service delivery process and access to the system and the franchisee provides the capital and forms the front end of the delivery system. Franchising is based on sound principles of excellent and consistent quality that is associated with a brand name. |
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"Untouchables" and "Discussables"
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| You should carefully consider which elements of your franchise program you are willng to negotiate, and which parts of the program should not be changed from one franchise sale to the next. |
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Determining the Initial Franchise Fee
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| Many factors impact the franchise fee charged by a Franchisor. Some franchise companies make the mistake of setting their franchise fee based solely on what their competitors are charging. Although this may appear to be a sound strategy, the problem is that not all franchise systems are created equal, regardless of whether they operate in the same industry...With Franchise Fees wildly fluctuating even among similar type franchise companies, to a potential franchisee the Franchise Fee may appear to be based on a "throw it out there and see if it sticks" approach. However, when the Franchise Fee is properly established based on a thorough evaluation of specific factors, it can be easily justified (and understood) by a potential franchisee. |
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What matters most to the franchisors about the potential franchisee
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| Before you step into the 'searching for the perfect franchise' waters, it is good to know what they want to know about you. In this article we reveal the 6 vital questions that every franchise wants to know about you, the typical order of importance and most importantly 'WHY" they want to know. Having this knowledge will better prepare you for your search for your "Best Franchise Solution". |
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Evaluating the franchisor
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| We regularly get asked “is this is a good franchise?”, and though we cannot give feedback on specific franchises, we can help you ask the right questions. As you are entering a two-way relationship, it is vital that you have confidence in the franchisor you choose, and so you must ask questions about their business and structure of the organisation at the early stages. |
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Selling to Hostile Franchise Buyers is Never a Good Idea
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| Many who have experience in running franchise companies will agree on one aspect : selling to aggressive franchise buyers is never a good idea. |
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I want to know more about this franchise company than what is on their website so now what
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| In this article we are going to focus on investigating a franchise that has caught your attention. There is a significant amount of information on most web sites of franchisors these days. If you are serious about pursuing a franchise opportunity it is important that you have enough firsthand knowledge to make a decision based on facts and not emotion. This process will be the focus of this 6th article on our continuing series. |
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Downsize your boss-is it possible?
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| In today's economy many people are tired of working hard for others with little to no control over their lives. 'Hidden' entrepreneurs often come to the surface in difficult times. Their potential has been waiting for an opening and often the state of the economy is that necessary nudge they have been awaiting. This article explores the idea of becoming your own boss through a franchise opportunity. This is the beginning of a series relating to franchise opportunities and how they may fit the bill for you to take charge of your destiny. |
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How much can I make if I buy this franchise?
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| When considering specific franchise options, one wants to know what the potential earnings would be. While this is a fair question to ask, it is not always available from the franchisor. There are many reasons and the fact is there is a way to get even better information. Enjoy this 4th article in our series and find out how to get a better education than what the franchisors can and will disclose. |
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International Franchise Expansion
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| Once you start offering franchises, it may not be long before you begin receiving inquiries from individuals and firms interested in being part of your franchise program, or in opening franchised outlets, in other countries.
While this may sound very interesting, the matter of international expansion should be undertaken carefully and deliberately. Most inquiries may be legitimate, but some could be looking to simply steal your ideas, brand, and concept, or take advantage of a new franchisor.
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The Next Step
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| In the previous articles in this series, we discussed taking control of your destiny by considering franchise opportunities as that path. We then discussed how to tell if you are a good fit for the world of franchising. Now that we have you this far, we will discuss how to undertake the next step of finding the right opportunity for you. |
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Finding a Franchise
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| There are a number of ways you can find and purchase franchises. Keep in mind that due diligence is necessary, and anything that sounds too good to be true probably is. |
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Government Regulation of Franchises
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| In the United States, all franchisors must abide by the Federal Trade Commission's (FTC) Franchise Rule, which requires franchisors to prepare a disclosure document called the Uniform Franchise Offering Circular (UFOC ) / Franchise Disclosure Document (FDD) and give a copy of that document to prospective franchisees prior to their purchase of a franchise. |
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Can You Really Run a Franchise Part-Time?
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| Part-time franchising is being allowed by several franchisors nowadays. But to be one, you have to become an excellent judge of character. You also need to employ a manager who is an able taskmaster. Moreover, you are required to share your duties and power with him/her. But most importantly, your franchisor has to support you as a part-time owner.
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Does Size Truly Matter?
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| Evaluating the advantages and disadvantages of large vs. small franchise systems.
Sometimes size does matter. When talking about a piece of chocolate cake – bigger is always better. When evaluating new cell phones – smaller gets the nod. In franchising, there are some advantages to being part of a large franchise system and other advantages to joining a small system. The question is not, “Which is better?” but “Which is better for you?” |
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Do You Have What it Takes to Be Successful as a Franchise Owner?
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| Have you ever wondered if you have the personality and skills to be a successful franchisee? There are over 2500 franchise companies operating in the US, each requiring a plethora of different skill sets in a franchise owner. |
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Franchise Industry Reaches out to Veterans
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| The VetFran program is for our glorious soldiers who are looking forward to a healthy civil life. The participation is voluntary and the member businesses offer various discounts to the prospective franchisees. It is one of the most popular programs of IFA. |
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Is A Small Business Franchise Opportunity For You?
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| Small business franchise opportunities are definitely not limited to food kiosks and carpet cleaning. There are literally hundreds of businesses franchised in the United States, ranging from automotive and children’s franchises to pet and travel service franchises. Whatever kind of business you might be looking for, the spectrum of choices is limited only by your imagination and level of determination. |
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Why Use a Franchise Consultant?
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| Most business experts agree that a franchise operation has a lower risk of failure than an independent business. The statistics on this vary depending on the definition of failure. Whatever statistics are used, they consistently suggest that a franchise is more likely to succeed than other independent businesses. |
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Advantages & Disadvantages of Owning a Franchise
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| When considering life as an entrepreneur, it is important to understand the definitions of a franchise, business opportunity and a start-up business. There are, of course, advantages and disadvantages to each style of business. In this article we will discuss the advantages and disadvantages of owning a franchise. |
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Other franchise companies Related Articles
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Do You Have What it Takes to Be Successful as a Franchise Owner?
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| Have you ever wondered if you have the personality and skills to be a successful franchisee? There are over 2500 franchise companies operating in the US, each requiring a plethora of different skill sets in a franchise owner. |
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Selling to Hostile Franchise Buyers is Never a Good Idea
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| Many who have experience in running franchise companies will agree on one aspect : selling to aggressive franchise buyers is never a good idea. |
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Franchising Your Business Should Not Be Smoke and Mirrors
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| If you are looking to Franchise Your Business, do yourself a favor and investigate the franchise development company you are thinking of using. Beware of smoke and mirrors when talking with franchise development companies. |
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Determining the Initial Franchise Fee
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| Many factors impact the franchise fee charged by a Franchisor. Some franchise companies make the mistake of setting their franchise fee based solely on what their competitors are charging. Although this may appear to be a sound strategy, the problem is that not all franchise systems are created equal, regardless of whether they operate in the same industry...With Franchise Fees wildly fluctuating even among similar type franchise companies, to a potential franchisee the Franchise Fee may appear to be based on a "throw it out there and see if it sticks" approach. However, when the Franchise Fee is properly established based on a thorough evaluation of specific factors, it can be easily justified (and understood) by a potential franchisee. |
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Franchise Your Business In India
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| What do businesses/companies seeking to franchise in india need to understand?
I am listing out a few components of the pieces of franchising they need to be aware of whilst franchising their businesses.We come across entrepreneurs everyday advertising their businesses and seeking franchisees, without being structured.Additionally on the other end we have international companies seeking entry into India and they generally have a clear mandate as to how they would want to go about expansion.The challenge is then to merge that requirement into what could work practically in the markets.What a individual businessman or a company seeking to develop franchise, need to put in place even before they started looking at their first franchise.Hence I am putting in a few basic points of franchising in India which could serve as a cursory. |
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The Future Is Bright for Franchising in India
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| Though franchise companies represent a small portion of all US business, the franchise industry is big. In the United States, there are over 2,500 franchise systems, with more than 534,000 franchise units, which represent slightly more than three percent of US businesses. Yet that small percentage generates 35 percent of the retail and service revenue in the U.S. economy. |
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An Interview with Ron Berger, Franchise Industry Leader and CEO of Figaro’s Pizza
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| This is part one of a two part interview with Ron Berger, CEO of Figaro’s Pizza. Ron has been in the franchise industry for 36 years and has been a member of the IFA Board of Directors in the 1980’s, 90’s and until February, 2010.. The interviews are an opportunity to cover a broad range of topics with someone who has built several franchise companies and has contributed to the growth and vitality of the franchise industry. |
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Franchise Fee Calculator: Determining The Right Franchise Fee For Your Business
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| Franchise Fee often is a very important part of any companies franchise growth strategies.While franchising your business you have to ensure that you get the franchise fee calculation right.I am putting forth a few ways by which you can help yourself in determining what must be the right franchise fee for your business...and most importantly, do not copy your competitors franchise fee.Your business system is unique and has its own strengths and weakness and will have to be evaluated independently.Also your goals, speed of franchise expansion and returns in the business through royalty and sales will have their own calculations.Hence the article below will help you evaluate the right franchise fee for your business. |
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Pitfalls And Solutions When You Finance A Franchise With Franchise Financing Companies In Canada
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| Pitfalls And Solutions When You Finance A Franchise With Franchise Financing Companies In Canada .Get a Franchise Finance Loan with A Minimum of Complications |
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Franchise Brokers Vs Franchise Consultants In India
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| International franchise companies looking at Franchise Brokers in India will find it difficult to find the right kind of franchise brokerage services that could fulfil their India Master Franchise recruitment objectives. The industry is not so mature that they will find ready leads with several brokers, whom they could hire and then make their choice. In-fact at most times they end up spending several years without getting anywhere. It is hence, prudent to identify a reputed franchise consultant who will advise the right franchise marketing activities and defined time frame, line up serious prospects that match the clients requirements. It is very critical to understand and refine the franchise model to suit the indian context. International Franchisors will have to be very clear of what they can get from Brokers and Consultants In India. |
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