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franchise systems Tagged Articles
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Franchise Opportunity - Questions To Ask The Franchisor
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| Whether it's hamburgers, pizza, telecom, coffee, Internet, muffler parts, or seniors' services, there are Franchise opportunities available to evaluate. |
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Franchisor Rebates from Suppliers
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| Franchisors can receive rebates from required suppliers, but there are several things that should be first considered. |
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Multi-Brand Franchising May be Declining
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| We have seen the growth of franchise conglomerates that have multiple franchise brands. That trend may be declining. |
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How to choose the right franchise for you
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| Finding the right franchise can be a daunting task, however, if you approach it systematically you should easily be able to arrive at a short list of suitable opportunities. It’s a question of matching the skills and type of experience required to run a franchise with what you like doing, and are good at. Usually what you’re good at will tend to be what you’re best at! |
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The Franchise Ambush, Part II - How to Help Your Friends & Family Help You.
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| This article dicusses the type of advice potential business owners normally receive from friends and family and provides a more balanced outlook on how to discover the best business opportunity for you. |
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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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This is the best time to invest in yourself and buy a business
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| Every day we all wake up to more negative news about the economy and the state of the financial market. We turn on the news to listen to the so called experts telling us what to do with our investments. Here is a thought that I would like everyone to consider " Invest in yourself by buying a business". I am not talking about just any business, but more specifically a Franchise business. |
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Understanding the Franchise Disclosure Document (FDD)
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| This article provides a frame of reference to study the FDD further while coveri the primary topics discussed in the FDD. It also provides information on where to secure more detailed information on the FDD. |
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Make Big Money The Real Story
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| This article address a question posed to me by one of my candidates -
Hi Rick....quick question.....in talking with a friend this weekend......wondering: is there an opportunity to earn a six figure income with a franchise that is strictly home office-based?...all communication done by phone, email, fax, UPS etc....... |
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Franchise growth in times of recession
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| Remarkably franchise networks often grow in times of recession. Nick Strong, MD of www.selectyourfranchise.com looks at the reasons why and what action franchisors should be taking to get ready for network growth. |
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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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Steps to a Successful Franchise Experience
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| Finding and exploring a franchise opportunity can be stressful. Finding the right franchise for your goals and objectives takes diligence and focus. Many prospective franchisees don’t even know where to begin the process. A few key points to keep in mind when searching for a franchise opportunity is that are different steps you will come across. The exploring and curious phase, understanding franchise systems and operations, and beginning the process with confidence and knowledge will be some of the key factors. |
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How to Evaluate Franchise Opportunities
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| Like any other investment, purchasing a franchise is a risk. When selecting a franchise, carefully consider a number of factors, such as the demand for the products or services, likely competition, the franchisor's background, and the level of support you will receive. |
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10 Costly Mistakes to Avoid When Buying a Franchise
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| Many people dream of being their own boss someday, but are afraid of the risks involved. We know that it is impossible to take all the risk out of going into business. In many cases franchising provides a way to minimize the risk, but it can never remove all of it.
Franchising methods can be quite complicated, and certainly anyone looking into a franchise quickly learns that there are a large number of factors to be considered.
Again and again, I’ve seen people ignore the important warning signs and make Costly Mistakes when buying a franchise. They fall into the same traps that have victimized others before them. As they say, what we don’t learn from history, we are doomed to repeat!
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10 Costly Mistakes to Avoid When Buying a Franchise
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| Many people dream of being their own boss someday, but are afraid of the risks involved. We know that it is impossible to take all the risk out of going into business. In many cases franchising provides a way to minimize the risk, but it can never remove all of it.
Franchising methods can be quite complicated, and certainly anyone looking into a franchise quickly learns that there are a large number of factors to be considered.
Again and again, I’ve seen people ignore the important warning signs and make Costly Mistakes when buying a franchise. They fall into the same traps that have victimized others before them. As they say, what we don’t learn from history, we are doomed to repeat!
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Why Ontario Should Get Active in NASAA -- Franchise Lawyer Canada
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| This article examines the reasons why Ontario should become active in the North American Securities Administrators Association, a body composed primarily of US regulators that has done much to promote the harmonization of franchise laws in the United States.
peter macrae dillon franchise franchisor lawyer attorney Toronto Ontario Canada www.franchiselaw.ca |
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Why Pay Royalties
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| The reasons behind the Franchise royalty go beyond simply assessing a fee by the Franchisor. Learn the four elements of a Franchise system that are tied to royalties. |
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Raising Finance to buy a Franchise
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| How approachable are banks when it comes to raising capital to buy a franchise? |
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Franchise Branding
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| Franchising, by definition, requires adherence to the franchise concept. Only through a consistent application of the franchise’s image and methods will the separate businesses of individual franchisees result in one cohesive brand.
peter macrae dillon Siskinds franchise franchisor franchising lawyer attorney Toronto Ontario Canada www.franchiselaw.ca |
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Evaluating Franchise Systems
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| This article will examine some of the legal and business counselling issues presented when evaluating franchise offerings and counselling prospective franchisees. These articles are intended to provide an overview to the practitioner who does not regularly practice franchise law or is unfamiliar with regulations concerning the offering, sale and franchise relationships in the states at issue. Should specific issues arise relating to franchise law, we strongly urge our readers who do not concentrate their practices in franchise law to seek out competent co-counsel familiar with the crazy quilt of state regulation that may affect the structuring of these franchise offerings.
peter macrae dillon Siskinds franchise franchisor franchising lawyer attorney Toronto Ontario Canada www.franchiselaw.ca |
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Other franchise systems Related Articles
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Building Your Business Top Ten: Exploiting the Power of Franchise Systems
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| According to the International Franchise Association (IFA), franchise systems are responsible for more than forty percent of revenue in the United States yet make up less than 4% of the businesses. With less than fifty employees, the majority of these franchises are considered small businesses, generally run by entrepreneurs. Ambitious entrepreneurs often own three to seven franchises in the same city or region.
Franchises offer a great businesses opportunity for entrepreneurs for a variety of reasons. Franchise owners are receptive to other entrepreneurs and will give honest feedback on new product ideas. Second, if they like your products, they can make the decision to carry your product on the spot. Yet many entrepreneurs overlook franchise systems entirely. Here are the top ten reasons to take a second look.
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About 60% of all franchise opportunities have less than 50 units.
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| There are over 2500 franchise opportunities operating in the U.S., some of these franchise opportunities are larger systems but most of them are smaller emerging systems.
About 60% of all franchise opportunities have fewer than 50 locations, so you’ll have a bigger choice if you opt for the newer, smaller systems.
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The Benefits and Responsibilities of Franchise Ownership
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| Attending a franchise exposition allows you to view and compare a variety of franchise possibilities. Keep in mind that exhibitors at the exposition primarily want to sell their franchise systems. Be cautious of salespersons who are interested in selling a franchise that you are not interested in. |
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Selecting a Franchise
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| Attending a franchise exposition allows you to view and compare a variety of franchise possibilities. Keep in mind that exhibitors at the exposition primarily want to sell their franchise systems. Be cautious of salespersons who are interested in selling a franchise that you are not interested in. |
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Shopping at a Franchise Exposition
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| Attending a franchise exposition allows you to view and compare a variety of franchise possibilities. Keep in mind that exhibitors at the exposition primarily want to sell their franchise systems. Be cautious of salespersons who are interested in selling a franchise that you are not interested in. |
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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 (good) franchisees want
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| With 850 business format franchise systems in Australia and high levels of employment, the “war for talent” is intensifying among franchisors for quality franchisees. Good, “proven” franchisees are now in a position to choose between franchise systems. Rod Young reveals what successful franchisees expect from a franchisor.
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Franchising can change the world
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| Who says that the franchise can not work in a small third world country or in an economically weaker countries, where humans are only one or two dollars a day? I believe that franchise systems can work in these positions, both in Asia, Middle East, former Soviet States, Indonesia, Latin America, the Caribbean or in Africa. You see, there are a whole series of micro-systems are helping in these countries, people start businesses of their own. |
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Buying Into a New Franchise System
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| The Benefits of getting in on the ground floor of a Franchise System.
New franchise systems are launched every year that set out to change the business and branding landscape in the franchise marketplace. For a franchisor, the most difficult franchises to sell are the first ten. From a franchisees perspective, the question is why would you invest in a new franchise model when they don't have the hundreds or thousands of units to validate the business model? |
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Franchise Your Business: Selling Franchises to The Right People
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| In order to franchise your business successfully, it takes the appropriate systems, marketing tools, training systems and scalability.. |
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