Like this article? PLEASE +1 it! Evan Signature
Evan Carmichael Top Header about About Home Profiles articles Tools forums inspirational quotes About facebook Twitter YouTube Blog

franchised business Tagged Articles



What is a franchise?
Business format franchising in a nutshell is the documenting and replication of a proven business formula. In order to franchise a business it must not only be successful but have a good trading history under its belt...

Use your skills and work for yourself in a franchised business
You have worked your whole life developing skills to use in the workplace. It started in college and has continued through every job you have had. I offer advice here about how you should use the specialized skills you have acquired through the years to own a franchise you are familiar with.
Buying a Franchise or Franchised Business
Some important Considerations in Acquiring a Franchise, Starting a New Franchised Business or Purchasing an Existing Franchised Business.

Franchise Legislation in Canada
A brief overview of Canada's franchise laws

How to Choose Your Franchise Name and Begin Building Your Web Site Strategy.
Thinking of franchising your business? Your web site design and internet strategy should compliment your overall franchising strategy. Here I look at where to start the process and the steps you need to think about. Its a good time to look at your existing business name, domain name and trading name. A better performing name can help improve the bottom line. It also helps if your name is memorable. A good name is part of the overall internet ‘optimisation’ process and it will have a lasting impact upon image, branding and ultimately sales.

Franchisee performance
High performing franchisees are vital to the franchisors success. Franchisors need to operate effective support systems to minimise poor network performance.
Why Use a Franchise Consultant?
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.
Buying or Selling An Existing Franchise Outlet
The sale of an operating franchised business has unique issues beyond the typical issues involved in the sale of a business whether by the sale of assets or the sale stock due to the legitmate business interest of the franchisor and the terms of the franchise agreement to which the seller of the business is subject. This article discuses these uniques issues including the franchisor's right of first refusal, the franchisor's approval of the buyer, the payment of a transfer fee, the training of the buyer; the buyer's signed a new Franchise Agreement; rstrictions on advertising the business for sale; the franchisor's veto right is the price is too high of there is too much debt and forced sale upon the disability or death of the franchisee.

Other franchised business Related Articles

Your Style Can Predict If Franchise Ownership is Right For You
One way to become a business owner is through franchising and the franchise industry is at an all-time high. There are more franchised businesses than you can possibly imagine. A recent survey found almost 500 concepts in fast food alone, a category that represents only 20% of U.S. franchises. The IFA Educational Foundation’s Economic Impact of Franchised Businesses study indicates there were three quarters of a million franchised businesses in 2001.* To see if franchising could be right for you, compare your previous business experience, your motivations and your current situation to the following examples. * IFA Educational Foundation-FRANdata study released August 2006
Six “Must Haves” for Buying a Franchise
We all know that buying a franchise is a great way to start a new business. Yes it’s true that the initial cost of a franchise is generally more than any non-franchised new business. But overall, franchises are much more successful in both the near-term and long-run than individual businesses. But before you buy a franchise, consider these six "must haves" to ensure you are successful.
Is A Small Business Franchise Opportunity For You?
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.
A Business or a Job?
The advantage of building a business, however, is that it is as an asset. It can be sold, or franchised, or licensed to other people. The systems can often be replicated, sometimes even in other industries, and that gives a business tremendous financial leverage.

Shoes Glorious Shoes
Maria Darling started her own shoe business after she found it hard to buy nice shoes for her small feet. Now the business is being franchised nationally.
Should Your Business Consider Franchising?
If you are serious about building a substantial business you should benchmark your progress against global industry peers not just your local competition. You will soon find that franchising offers the opportunity to build truly national and global businesses on a scale that your non-franchised competition just cannot match. Many of the worlds most successful companies such as Coca Cola, Shell, Toyota, BP, Ford, Pepsi, General Motors and of course KFC and McDonald's have built domestic and global brands using franchising as a management and marketing tool far outstripping the enterprise value of their non-franchised counterparts. A franchise network spanning national (and potentially international) markets offers better diversification and insulation from localised economic or competitive forces and early access to high-growth markets.
Franchise Information Sources
There are many good sources of information about franchise opportunities. For most people, the process that makes the most sense is to first make sure you understand the business model of franchising. After you’re clear on what franchising is all about, then you can try to identify industry segments that may be of interest to you. Finally, you can research individual companies to see which ones match best with what you are looking for in a franchised business opportunity.
The Six things you must have to buy a Franchise
In the long run a franchise can be much less costly to start and grow than a non-franchised business due to operating efficiencies, defined processes, and the advertising clout that the franchise name carries. Furthermore, many studies have shown that the success rate of a new franchise five years down the road will far exceed that of any new non-franchised business.
Buying a Franchise or Franchised Business
Some important Considerations in Acquiring a Franchise, Starting a New Franchised Business or Purchasing an Existing Franchised Business.

Want To Buy A Franchise? Need A Loan ? Here’s Your GPS to Loans for Franchises in Canada!
Information on the proper method of obtaining a franchise loan in Canada . Loans for franchises are significantly different than regular business loans. Use this information as a roadmap and guide to franchising success when you buy a franchised business.

Featured Article

Bottom Footer



Newsletter

Get advice & tips from famous business
owners, new articles by entrepreneur
experts, my latest website updates, &
special sneak peaks at what's to come!
Name:
Email:
Popular Articles

Is the Media to blame for losses in super?

Work at Home Moms and Their Bad Rap?

Emotional Intelligence in Business
Suggestions

Email us your ideas on how to make our
website more valuable! Thank you Sharon
from Toronto Salsa Lessons / Classes for
your suggestions to make the newsletter
look like the website and profile younger
entrepreneurs like Jennifer Lopez.