Franchise Articles

Business » Entrepreneurship » Franchise | By Diarmuid Kieran @ Thursday, 21st December 2006 @ 5:04 PM

Will 2007 be as good a year for franchisees as 2006? Current franchisees appear to think so. A significant number of franchisees are confident that their business will make good progress over the next few years and become very profitable, according to a new survey. The 2006 Industry Report on Franchisee Satisfaction by Franchise Business Review, a national franchise market research firm, revealed that 72 per cent of franchisees believe the growth opportunity for their individual franchis... more...

Business » Entrepreneurship » Franchise | By Tristan Andrews @ Wednesday, 20th December 2006 @ 1:08 PM

As the franchisor or franchise operator, you probably know what you need to stress when you\'re making a pitch to a potential franchisee. You have to expound on the prominence of your brand as well as the exceptional systems that you have in place. But you may be forgetting to include something that would cinch the deal. A franchise business derives its allure for potential investors from the independence it gives the business owner. In a franchise, the franchisee can make an inve... more...

Business » Entrepreneurship » Franchise | By Tristan Andrews @ Wednesday, 20th December 2006 @ 12:51 PM

A franchise agreement is just like any contract that you have ever entered into. It defines the rights and obligations of the parties involved. Franchise agreements in particular define the relationship between the franchisor (the one awarding the franchise) and the franchisee (the one buying the franchise). There are legal, practical and operational issues that need to be negotiated in a franchise deal. The franchise agreements sum up the terms of the negotiations between the franchis... more...

Business » Entrepreneurship » Franchise | By Tristan Andrews @ Wednesday, 20th December 2006 @ 12:50 PM

An exceptional business concept and a unique support and operating system turned The Little Gym into one of the franchising industry leaders. The Little Gym was founded by musician, gymnast and kinesiologist Robert Wes in 1976. The Little Gym\'s main aim is to create an environment for children aged 0-12 years where they can develop their motor skills while having fun with other children in a noncompetitive manner. This environment is brought about by a strictly engineered and systematic... more...

Business » Entrepreneurship » Franchise | By Tristan Andrews @ Wednesday, 20th December 2006 @ 12:49 PM

Acquiring a franchise is not a simple matter of having money to invest. It is of course a necessary requirement but it is not sufficient to get you approved for a franchise. A franchisee is important to a franchisor. A franchisee gives a franchisor the means to expand the business and the brand without putting up any additional capital. Franchising increases a company\'s buying power and helps the franchise company realize profits from other avenues. But a franchisor cannot... more...

Business » Entrepreneurship » Franchise | By Tristan Andrews @ Wednesday, 20th December 2006 @ 12:48 PM

At first glance, it would seem ideal if a franchise does not require a royalty fee. And in fact, there are various franchise opportunities being offered today that do not have royalty fees attached. These opportunities would boast that all you\'ll need to pay for is a lump sum that pays for your franchise, the start-up inventory and the start-up training. After that, all revenues would be yours. They would say that this is as it should be, and you are most likely to agree. But sh... more...

Business » Entrepreneurship » Franchise | By Tristan Andrews @ Wednesday, 20th December 2006 @ 12:47 PM

Ever wondered why franchising draws a lot of women? Records show that many women have turned to franchising. The number of female business owners in the country today is at a record high. More and more women are abandoning their careers or their housewife roles to become their own boss. Franchising is actually a very good way to start your own business. When you take out a franchise of an established company, you are buying the brand, concept, training, and business systems of the mot... more...

Business » Entrepreneurship » Franchise | By Tristan Andrews @ Wednesday, 20th December 2006 @ 12:46 PM

It is preferable to franchise an established and reputable company. The company that you should consider to franchise must also have an evidently successful system in place and an effective framework for transferring expertise to the franchisees. Unfortunately, these established companies can be quite unbending when it comes to franchise agreements. After all, they have the upper hand. But even if the franchise companies leave you less room for negotiations than you might want, it does... more...

Business » Entrepreneurship » Franchise | By Tristan Andrews @ Wednesday, 20th December 2006 @ 12:45 PM

Franchising has traditionally been a selling industry. Franchises are sold by franchisors and bought by interested franchisees. However, franchising has evolved when it was realized that a franchise would benefit more if changes are initiated that would focus on the quality of the franchisees selected rather than focusing solely on the franchisees\' bankroll. A company is franchised by the franchisor so that he could expand quickly without the need for additional equity. Franchisi... more...

Business » Entrepreneurship » Franchise | By Tristan Andrews @ Wednesday, 20th December 2006 @ 12:31 PM

The proper use of technology can revolutionize the way you do business. With the right mix of technological tools and systems, your franchise can rise to the top of your business field and keep you there. This move will also save you a lot of time and increase your efficiency as well as profits. After all, opportunity cost is incurred when you spend more time than you have to at doing tedious and routine administrative duties. By using the available technology in your franchise business, you... more...