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Franchise Dictionary / Glossary
Whether you are an experienced franchise professional or you are just a fresher in franchising? This glossary is aimed at demystifying any jargon that you may come across while visiting an exhibition, taking an industry convention or reading a magazine, Here you will find explanations for the most important franchising terms. What’s the difference between a franchisor and a franchisee? Many terms are commonly used in association with the concept of buying and owning a franchise. If you are interested in purchasing a franchise, you need to be familiar with these terms. Are you considering franchising your business, this glossary is the most comprehensive franchising dictionary available.

The Franchise Timeline
Guidelines for how long it should take to open a new franchise. Susan, a bright, energetic and make believe person, has decided to become a business owner by buying a franchise. She understands that there are many steps to the process and asks me how long it will take before she will be able to open the doors to her business. Figuring she wouldn’t be satisfied if I told her that it could take anywhere from several months to a year or longer, more or less, I came up with the following timeline.

Other franchisee training Related Articles

Franchisee/Franchisor Relationship Requires Mutual Trust, Respect
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.

Explaining the UFOC
The UFOC should be presented at the time the franchisee is asking for information. It sets the guidelines, which the franchisee and the franchisor are supposed to follow.
My Dear Franchisee…
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!

Are You Franchise Material?
To become a franchisee, you need to be a leader with good communication skills. Moreover, you should be a hard-working individual who is open to learning new ideas. Besides, you will also need the required money to become a franchisee.

Buying Into a New Franchise System
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.
Characteristics of a Franchisee
Every franchisor has a profile of who they are seeking as a franchisee. Here are some of the characteristics of a franchisee.
The importance of Good Training for Franchisees and Franchisors
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.
COLLECTIVE NEGOTIATION OF FRANCHISE AGREEMENTS - A Non-Legislative/Non-Litigious Solution to Many of Problems
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.
Stalco Construction -FranchiseKnowHow Spotlight Supplier
One of the most important components of a franchisee investment is the construction work done on the franchisee location. Whether it's remodeling an existing location or site preparation on a new location the construction work that's done represents a major expenditure of capital for a franchisee. Although, fixtures and equipment are usually the same in terms of specifications the amount and type of construction can vary depending upon a location and its configuration.

Before Starting Your Franchise Have Your Team Ready to Go
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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