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10 Tips for Selecting the Best Franchisees
Franchisors, the following tips will help you find qualified, competent franchisees who can and will promote the brand, add value to the organization, boost the unit success rate, and increase revenues and market penetration.

Other what franchisors look for in franchisees Related Articles

The Money Connection
New franchisees need to come up with a lot of money, especially when considering the total cost of building a location, supplies, overhead, and living expenses while you get started. Franchisors need to find big bucks, too, especially when they're trying to keep up with the demands of a growing system. Where do franchisees and franchisors find the money to finance their franchise dreams? We talked to Bernard Siegel of Siegel Capital and John Rinaldi of Irwin Franchise Capital for their views on how to make the money connection.
Webinars Can Be a Valuable Franchise Industry Tool
Webinars can link franchisees and franchisors in a whole new way. Interested potential franchisees can get more information and explore web-based "discovery days" without the expense and hassle of traveling to the corporate site. Franchisors can create one webinar and allow franchisees to explore it at his or her leisure, without interrupting other work at the corporate level. Unlike a webcast, webinars can allow interaction, such as questions and clarifications.

Franchisee performance
High performing franchisees are vital to the franchisors success. Franchisors need to operate effective support systems to minimise poor network performance.
Social networking is an important part of franchise success
Social networking by the franchisors and franchisees work at different levels. Some of the social networking sites can be used to connect to the prospective franchisees whereas some websites are used to find new customers and check out the reviews of the products among the users.

Explaining the Differences Between the UFOC and the FDD
The new FTC rules have bought smiles in the face of the franchisors and franchisees alike. It has made giving earning claims easier for the franchisors while the franchisees are duly warned whether they have to compete against the franchisor or another franchisee within its demarcated territory.
Negotiating the Terms of Your Franchise Agreement
It is of course up to the franchisor to decide whether one not its franchisees can negotiate the terms of a franchise agreement. Unsurprisingly, the majority of large, established franchisors will not allow franchisees to make changes to the franchise contract.
Many Franchisors Prefer Multi-Site Operators These Days
Franchisors are increasingly taking in more multi-site franchisees because they provide several facilities. For example, this way, the franchisors don’t have to individually develop a territory one at a time and can expand at a faster rate.

What (good) franchisees want
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.

When Should a Franchisor Export Their Franchise?
At some point in time, franchisors will start receiving inquiries from international prospects. For new and smaller franchisors an interest in their franchise from other countries can be flattering. The thoughts of having franchisees in other countries can conjure visions of new found profits with a touch of prestige. Mature franchisors who have sold out a good portion of available territories in their home country see foreign markets as a great opportunity. However, whether a franchisor has 50 or 500 units the decision to take the franchise international is an important decision.

Franchisors as a Source of Financing
Although not considered a traditional source of financing for franchisees, many franchisors provide financing. During the current recession many franchisors are finding ways to offer a financial boost to new franchisees. Here is some timely information pertaining to franchisor financing.
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