Franchise Articles

Business » Entrepreneurship » Franchise | By Raymond Lawrence @ Wednesday, 20th December 2006 @ 12:29 PM

If you like the idea of being self employed yet entering the marketplace with an already established business then a franchise might be a good opportunity for you. However, there is a lot to learn about franchises before taking a leap into this entrepreneurial world. Your previous business experience, amount of investment, and personal preferences will play a huge role in whether or not you are suited for a franchise. Plus, you will need to have a franchise idea to help you get started. ... more...

Business » Entrepreneurship » Franchise | By Diarmuid Kieran @ Tuesday, 12th December 2006 @ 5:25 PM

The benefits of franchising as a means of expanding a business are twofold. One, it involves low capital investment by the franchisor as the capital used to expand the network comes from franchisees. Two, by franchising the business, the franchisor places the expansion of his/her business in the hands of people who are motivated to make it work. By using the franchisees\' capital, the franchisor is able to establish a large number of outlets in a short period of time. Rapid expansion... more...

Business » Entrepreneurship » Franchise | By Diarmuid Kieran @ Tuesday, 12th December 2006 @ 5:25 PM

There are a number of criteria a business owner must consider before deciding to franchise his business. Satisfy an enduring need with suitable reward. The product or service offered must have long-term market potential. Franchisees will have been advised to look for business opportunities that take advantage of coming trends and avoid those based on passing attractions or fads. Although franchisees may not expect substantial returns on their investment in the first couple of years, t... more...

Business » Entrepreneurship » Franchise | By Diarmuid Kieran @ Monday, 11th December 2006 @ 12:57 PM

Business format franchising lends itself well to families wanting to go into business together, although they must all be pulling in the same direction and be competent enough for a family-run franchise to be a success. With everything at stake if both of the main breadwinners in the family are involved, it is essential that the business does not fail and the vast majority of research into this issue has said that franchises have a much better chance of survival in the first few years of... more...

Business » Entrepreneurship » Franchise | By Tristan Andrews @ Friday, 8th December 2006 @ 7:03 PM

If you\'re looking for a franchise business to get started on your entrepreneurial venture, it\'s important to review different industries, brands, and choices to ensure long-term success. Today\'s popular franchises are focused on retail and service businesses that are bringing in streams of income for owners, investors, and franchisees alike. These successful business models have many opportunities for growth and success in the long-term because their goods and services appeal... more...

Business » Entrepreneurship » Franchise | By Tristan Andrews @ Friday, 8th December 2006 @ 6:57 PM

When you\'re setting up your initial franchise, it\'s essential to develop both a short-term and long-term growth plan to stay on track. Many franchisors make the mistake of not identifying exactly what they would like to achieve. Making a clear map or plan of objectives over the course of one year, three years, and five years can help keep the business and complete business plan on track. A five-year plan that is focused on accelerated growth may not always be the right choice for ... more...

Business » Entrepreneurship » Franchise | By Tristan Andrews @ Friday, 8th December 2006 @ 6:55 PM

Working from home as many benefits, and is an attractive opportunity for many people who no longer want to work in a corporate environment, dislike a commute, or are looking for a new work environment. A home-based office can be great way to work in the franchise business, and lets you take advantage of the comforts of home with the benefits of an office. Working from home takes some self-discipline, a focus on the business when distractions are a sure possibility, and the ability to work well... more...

Business » Entrepreneurship » Franchise | By Tristan Andrews @ Friday, 8th December 2006 @ 6:44 PM

Getting involved in a franchise business can bring significant rewards and long-term business success with the right plan and strategy. Franchises can penetrate a market, grow rapidly in multiple locations, and adapt to the local market. Franchise systems are nothing new; they date back to mediaeval times when business were set up to bring tax revenue to the owners. Today\'s franchise systems operate under the same manner with royalties and other fees to keep revenue streaming through th... more...

Business » Entrepreneurship » Franchise | By Tristan Andrews @ Friday, 8th December 2006 @ 6:43 PM

Even if you have a bad credit score or poor credit history, it\'s still possible to qualify for a franchise loan. Franchise loan amounts can vary from $10,000 to $100,000, but there are many factors involved in how much you will qualify for to get your franchise business up and running. If you have bad credit because of poor payment performance, or have had a few financial setbacks, there is still hope for obtaining a loan. When you start to look for business funding options, it\&#... more...

Business » Entrepreneurship » Franchise | By Tristan Andrews @ Friday, 8th December 2006 @ 6:37 PM

The location of your franchise is critical to its success in the long-term, and as a franchisee, it\'s important to take many factors into consideration. Whether it\'s a shopping mall, an independent site, or a newly renovated building, there are steps involved between selecting the site and signing the papers. When franchisors extend an agreement for you to open your franchise, they also expect to have some participation in selecting the real estate location of your business. ... more...