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franchise program Tagged Articles
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New Franchisors Need to Manage System Growth
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| When developing a new franchise program, franchisors need to manage the sale of new franchises. Franchises should be sold with a well designed strategy, that reflects the ability of the franchisor to service and support new franchisees. If the franchisor is based in Dallas, they shouldn't start selling franchises in New York or Florida, unless they have a unique and fairly simple franchise concept, which requires little or no support.
It's equally important for franchisees to have the ability to successfully penetrate a new market. One or two locations in a market may not be sufficient to establish strong brand recognition. |
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Look Both Ways Before Franchising
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| Many entrepreneurs consider franchising as a way to grow their business. Franchising is an attractive business model, based in part upon the fact that the capital of individual franchisees can help fund the growth of the business. However, its important for those business owners who may seek to utilize franchising, to implement their franchise program the right way. This article describes the approach to take in order to avoid costly mistakes. |
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A Short List for Evaluating a Franchise Opportunity
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| These simple guidelines can be used to evaluate an existing franchise opportunity. They also represent the foundation to build a successful franchise concept. Follow this list to find important questions and attributes that you should consider when you search for a particular franchise. When you’re finished, ask yourself if the franchise program passes the test. |
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Attention Franchisors and Franchisees: A Successful Franchise Shouldn’t Require Extraordinary Performance
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| In a prior article I presented a number of reasons why some franchisees fail. One of the reasons for the failure of a particular franchise was that the franchise program was flawed. The following article attempts to explain how franchisors and franchisees can address this specific issue.
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Singapore Food Franchise Snackz It Expands to three Locations
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Snackz It! tasty bites are created in a way for customers to eat while on the move. Hassle free is the key component common to every item on the menu. Snackz It, one of the Singapore food franchises, serves a combination of deep fried and noodle based items. Every item from Crispy Chicken, Crispy Pork to their noodles with oysters and chicken shreds is well accompanied by their signature seasoning powders including their spice peppers, chilli powder, plum powder and the wasabi powder. Creative quality food and our service culture is something we feel is very important and which defines our unique strengths. Customers can rely on our consistency and tastiness in every outlet! says Alex of Snackz It!. |
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Thinking of Franchising? Ask 20 Questions
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| Sometime back I created this list of questions an entrepreneur should ask before deciding to franchise their business and recently found someone had took it word for word from my old blog and reposted it on another franchise "experts" blog site.
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Should I Franchise My Business
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| It is an important business decision whether or not a company should indeed franchise their business model. This article will provide some guidelines on how this can be accomplished. |
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How to Franchise
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| How to franchise. Business owners should follow these steps when developing a franchise program. |
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Franchising vs. Licensing
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| Frequently entrepreneurs look to licensing as a way to accomplish their expansion goals, thinking that it is less complicated and less expensive than franchising, but they should look carefully before thinking that licensing can accomplish the same thing as franchising. |
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Franchisees are Independent
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| It is important that those visiting or doing business with your franchisees know that the business is independently owned and operated. |
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Franchising: Like a Fun Hike
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| Franchising is a journey, a new experience for most, and can very very enjoyable. |
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The 7-11 Franchise Program
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| The 7-11 Franchise Program may not be the best model for new franchise plans. |
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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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Hottest Franchise Business Opportunities For The Work From Home Mom
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| With a home based franchise, the work at home mom can set her own schedule, choose from a large variety of different work from home franchise opportunities, and in most cases choose how little or how much to work each week based on her particular schedule. To that end, if you’re a stay at home mom looking for a new home based franchise, take a look at a few of the Hottest Home Business Franchise Opportunities For The Work From Home Mom. |
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Is Franchising Scary?
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| You really shouldn't be afraid of starting a franchise development program. |
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Franchising is a Design-Build Program
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| You don't have to have all the details worked out before you begin your franchise program. |
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Are You Ready to Franchise Your Business?
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| This self-evaluation will help you decide if you are ready to franchise your business. |
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Franchise Financial Performance
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| Your status as either a potential purchaser or merely a curious member of the public partially determines the amount and quality of information you'll be able to discover about the financial performance of a specific franchise. Potential purchasers are able to find out about a franchise's financial performance via the Federal Trade Commission's (FTC) Franchise and Business Opportunity Rule. Under the Franchise and Business Opportunity Rule, franchisors are required to make a series of detailed disclosures to potential purchasers, either in the Uniform Franchise Offering Circular (UFOC) form or in the form provided by the rule. |
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Franchising as an Alternative to an IPO?
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| An attorney aske me if I offer franchise development as an alternative to an initial stock offering. Interesting. In response I wrote this article. |
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Franchising as an Alternative to an IPO?
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| An attorney aske me if I offer franchise development as an alternative to an initial stock offering. Interesting. In response I wrote this article. |
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Franchising as an Alternative to an IPO?
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| An attorney aske me if I offer franchise development as an alternative to an initial stock offering. Interesting. In response I wrote this article. |
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Other franchise program Related Articles
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Franchise Discounts for Military Veterans
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| VetFran is a simple voluntary program designed to be a win-win. It provides franchise companies with a pool of exceptional potential franchisees while offering very real help to veterans who want to acquire a franchise. |
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Development of A Franchise Program
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| A company that decides to franchise must have a clear understanding of how it will support franchisee operations, how it will foster communications with franchisees, what financial results the company and its franchisees can anticipate, and how it will market its franchise once it has the franchise program in place. Some key considerations for each of these aspects of a franchise program are discussed below. |
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Choosing a Name for Your Franchise Company
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| Many new franchisors find it necessary to choose a new name for their franchise company when they begin preparing to selling franchises. Selecting a business name is an extremely important step in developing your franchise program. The right name can help your franchise expand more quickly. The wrong name can hurt you in both the short-term and long-run.Here are some suggestions about choosing a name: |
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Exploring the Four Types of Franchises You Can Buy
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| There are four kinds of franchise agreements available when you go to buy a franchise. The single-unit franchise is the most basic one while the master franchise program is the costliest one.
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The Role of the Franchise Compliance Coordinator
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| When advising clients concerning their franchise operation, FranSource recommends that they designate a responsible employee to act as the Franchise Compliance Coordinator. This position entails implementing a franchise compliance program to ensure the company remains in compliance with all federal and state disclosure laws and regulations. |
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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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How to Franchise
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| How to franchise. Business owners should follow these steps when developing a franchise program. |
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A Short List for Evaluating a Franchise Opportunity
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| These simple guidelines can be used to evaluate an existing franchise opportunity. They also represent the foundation to build a successful franchise concept. Follow this list to find important questions and attributes that you should consider when you search for a particular franchise. When you’re finished, ask yourself if the franchise program passes the test. |
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The importance of Good Training for Franchisees and Franchisors
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| One of the major reasons people purchase a franchise is to acquire a business with a proven system. This proven franchise system should include an effective and comprehensive training program. Learn about the components of a successful franchise training program and find out why it’s so important for both the franchisee and franchisors. |
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Keeping Your Distributorship/Dealership Offering From Being a Franchise or Business Opportunity - The Don'ts
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| A manufacturer of a product or a seller of distributorships/dealerships must make sure, from the inception of its program through sale and performance, that its program does not inadvertently become the sale of an unregistered and undisclosed franchise or business opportunity. Merely saying that you are not a franchise or business opportunity and calling your offering something else is of no help. To do this properly and effectively, you must know the elements of a franchise and of a business opportunity and avoid having these elements in your distributorship/dealership or other product sales program. Here is a brief description of the 3 "don'ts" to avoid the franchise laws and the 5 "don'ts" to avoid the business opportunity laws. |
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