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franchisee support Tagged Articles
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Turning you business into a franchise
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| There are very essential questions that you must ask yourself before entering into the fanchise sector. They are not quetions that you would expect your solicitor or account to ask, but they need to be asked as you are about to become intrinsicaly involved with a number of people who will trust and follow you.
Morals and ehtics are not words that are used often in business and are often concidered as 'wimpish'or of no consequence in the world of business.
In franchising they are essential. If you do not give them the attention that they deserve, you will not remain a Franchisor for long. We all know that bad news travels at twice the speed of light and good news travels on horse-back. A disatified and unhappy Franchisee will tell the world and your dreams of wealth in franchising will tumble like the walls of Jerico. |
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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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Other franchisee support Related Articles
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What Do You Need to Pass a Franchisor’s Test?
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| Buying a franchise is a lot like marriage. Two parties enter into a relationship with the expectation of mutual benefit, long-term support and common goals. When entering into marriage, both people spend a great deal of time learning about each other and making sure they are a good match before making the commitment. The same is true for franchising. Both the franchisor and the franchisee gather information about each other and evaluate whether there is a good match. Although it may not be immediately evident, a franchise company is under no obligation to award a franchise to just anyone who can afford the franchise fee. In many cases a franchisor has as much or more at risk when a franchisee fails. |
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Lesson #5: Learn The Fundamentals of Franchising
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| Joyce was Tim Hortons’ original franchisee, but it would not be for long. After working under Horton for a few short weeks, Joyce immediately realized that he was on his own. “It was clear that he didn’t know the business all that well and couldn’t help me with any of the problems we were having,” says Joyce. “Tim had no expertise whatsoever, so the burden fell squarely on me.” As a franchisee who had little support from Horton, Joyce began to understand exactly what it would take to run a successful franchise. And, that is exactly what he set out to do after Horton’s death. |
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Franchisee/Franchisor Relationship Requires Mutual Trust, Respect
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| Trust is the foundation of any good franchisor/franchisee relationship. The franchisee is entrusting his livelihood to the franchisor. The franchisor, in turn, is trusting the franchisee to protect the reputation of the franchise brand. |
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My Dear Franchisee…
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| My Dear Franchisee provides an introduction to a new franchisee of exactly what it is they've bought, what is included and what isn't as well as defining what are the roles of the franchisee and the franchisor. In short, everything you wanted to know about franchising but had been unable to ask!
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What Do You Need to Pass a Franchisor’s Test?
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| Buying a franchise is a lot like marriage. Two parties enter into a relationship with the expectation of mutual benefit, long-term support and common goals. When entering into marriage, both people spend a great deal of time learning about each other and making sure they are a good match before making the commitment. The same is true for franchising. Both the franchisor and the franchisee gather information about each other and evaluate whether there is a good match. Although it may not be immediately evident, a franchise company is under no obligation to award a franchise to just anyone who can afford the franchise fee. In many cases a franchisor has as much or more at risk when a franchisee fails. |
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Buying Into a New Franchise System
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| Being the 'First cab off the rank' - the first Franchisee into a new franchise system is very risky and it need twice as much thought and consideration before commiting oneself to a binding contract.
However, there are some very positive aspects to being the number one Franchisee.
You will need to be braver, spend more time investigation the offer and getting to knoe the integrity of the Franchisor.
Special deals and special conditions can be negotiated which will be of benefit to both the Franchisee and the Franchisor. |
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What support should you get for your franchise
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| One of the most enticing reasons to buy into a franchise is the support the franchiser is able to offer. But just like any other industry, differences exist between organizations, and learning what to look for when shopping for a franchiser will be invaluable. Good franchise organizations offer a wide range of support, while weak ones do not. Whether it’s offering new buyers lengthy and detailed training or having access to franchisee owner organizations, finding a good support structure is a good sign the franchise is doing well. Here is a list of a few things you can look for when trying to determine if the franchise you’re interested in is committed to supporting new buyers. |
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Do You Have What it Takes to Be Successful as a Franchise Owner?
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| Franchising can offer you a wonderful opportunity to be in business for yourself - while providing the training, systems and support you need to be successful. But it takes the right sort of person to be a franchisee. Do you have what it takes? |
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COLLECTIVE NEGOTIATION OF FRANCHISE AGREEMENTS - A Non-Legislative/Non-Litigious Solution to Many of Problems
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| An increasing number of franchise systems are now entering into a cycle of renewal. The dilemma currently faced by renewing franchisees is either to: (i) sign the new franchise agreement as presented, without negotiation; or (ii) "get out of the business," as most franchisees are subject to a 1-3 year covenant not to compete when the franchise agreement ends. Neither alternative is reasonable. Many franchise agreements provide that when it ends, the franchisor can take over the franchisee’s lease, taking over the franchisee’s telephone numbers, take over the franchisee’s customer list and perhaps giving the franchisor the right to purchase the business assets for an unfair price such as book value. . The franchisee has not bought a business creating equity for the future but the franchisee has merely leased the business for 10 years. |
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Before Starting Your Franchise Have Your Team Ready to Go
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| A successful franchise operation requires more than one person to manage the business. There are a number of reasons why it's important for a new franchisee to have their team in place before the franchise is off and running. First, the franchisor needs to know how the franchisee intends to operate their franchise before completing the franchise transaction. Here are some reasons why both the franchisee and franchisor need to have answers to this particular question.
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