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franchised store Tagged Articles
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The collective buying power of a franchise
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| The collective buying power of a franchisor results in getting good discounts for the raw materials. That, in turn, boosts up the profit margin of the franchisees. |
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Other franchised store Related Articles
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The Latest on Casual Dining
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| The Latest on Casual Dining
Casual dining has been the darling of the franchised food service industry for decades. But the slowdown in same store sales in recent months raises some interesting questions. Does the price of gas really affect the dining habits of consumers? Does it matter if mortgage rates go up? Or are consumers getting bored with the same old fare? In this issue we talk to Ron Paul of Technomic, Inc. and Ron Parikh of Genghis Grill to get their thoughts on why some casual restaurants are hot while others are not. |
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Your Style Can Predict If Franchise Ownership is Right For You
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| 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 |
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Lesson #3: Put Yourself in Your Customers’ Shoes
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| Hindsight is 20/20. Looking back on the success – or lack thereof – of his first Subway store, DeLuca acknowledges that his biggest mistake was its “crummy location. In February, the store was doing so bad that we were thinking of closing up.” But together with his partner, Buck, the pair decided to try something even more eccentric: they decided to open up a second store. “We talked ourselves into building the second store,” says DeLuca. |
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Productivity
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| I worked in a grocery store as a youngster. The Depression was on, inventories were limited and merchants frequently ran out of stock items. As a result, the merchants would borrow from each other until their next shipment came in. I was the "runner" for our store and Charlie Scott was the "runner" for the store across the street. |
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Following the Leader Who Follows the Leaders
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| It started out -- as most things do in the PC/CE/communications industry -- as
a "little" idea...an application store on a corner of the virtual cloud world. Suddenly you can't make your way around the web without bumping into another one. No one at Apple will say but people speculate the company has racked up $45 million with their virtual store front. Now new smartphones are coming out, every app store offers something. |
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How to Start an Online Store 1-2-3
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| If you are just starting out as an entrepreneur, an online store can be a great place to start. You can launch an online store for very little cost, and virtually no experience is required. However, there is a downside to online stores. To find out how you can avoid this common pitfall which ruins many online store owners, read on. |
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How Can an eBay Store Increase Your eBay Profits?
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| If you want to make money selling on eBay, you can help increase your profits by setting up an eBay store. The easy-to-build store format lets you customize your eBay store design so that you can create a recognizable brand and attract more repeat buyers - without spending a lot of advertising dollars. |
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The Six things you must have to buy a Franchise
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| 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. |
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Buying a Franchise or Franchised Business
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| Some important Considerations in Acquiring a Franchise, Starting a New Franchised Business or Purchasing an Existing Franchised Business.
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Organization Structure Limits or Liberates High Performance
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| The CEO of a national retailer was very frustrated. His face grew noticeably redder as he told me how he had set up each store as a profit center and was attempting to hold store managers and their regional managers accountable for profitability. But when a store under performed the store manager would show that head office buyers were forcing them into stocking the wrong merchandise for their particular mix of customers. Or they would claim that the marketers hadn't put together the right campaign for their local market.
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