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FranChoice
How to Choose a Franchise Consultant May 25, 2009 Franchise consultants can be a wonderful asset to help you find a strong franchise opportunity that matches your goals. They can explore the dreams you hope to accomplish through franchise ownership and determine your skills and preferences so that the companies you investigate match well with you. With a good consultant, you’ll save time and effort narrowing down your possibilities so that you can focus on the best.
How to Work With a Franchise Consultant May 08, 2009 With thousands of franchise companies in over 75 different industries, there’s a lot to choose from. Business concepts run the gamut from infant care to senior care and from dry cleaning to disaster clean up. Investments range from over a million dollars for a quick service food restaurant to $50,000 or less for a simple, home-based service franchise. Finding the business that’s just right for you can be like trying to find a needle in a haystack.
Square Peg, Round Hole The Importance of Fit in Finding a Franchise April 27, 2009 Finding the ideal franchise opportunity is seldom matter of luck. Most times it is the product of a process of diligent research carried out over a number of weeks or months. For most prospective new franchisees, this is a first foray into business ownership and if they don’t get it right, it could go very, very wrong.
New Careers for Displaced Executives - One Alternative to Those Hit by Unemployment May
Be Franchise Ownership March 25, 2009 The waters of the current unemployment situation are running deep leaving many people up the creek without a paddle. There just aren’t many jobs available for those looking and the outlook is particularly cloudy for those in higher income brackets such as senior corporate executives.
How to Evaluate a Franchise Marketing Program March 18, 2009 Combining resources with those of other small business owners allows participants to save money and this strategy is applied frequently in franchising. A franchisor will be able to acquire both products and services for franchisees at a cheaper price by buying in bulk. You’ll see this applied to raw materials such as food purchased for a sandwich shop and for items such as office supplies, equipment, software and furniture. Most franchisors also require a mandatory marketing fee of each franchisee in a system, and their combined fees are used to promote the brand on a national level, targeting the audience most likely to frequent that particular franchise.
Questions to Ask Franchisees - How to make the most of your due diligence calls February 25, 2009 Researching a franchise you are considering for purchase can be exciting - after all, this could be your new business and the beginning of a whole new career. However, it can also be a lot of work. You’ll get much of your information from the franchisor but there will be other questions: How complete is the training provided? Will the initial marketing efforts be adequate? How long before I can start to see a profit? If only there was a way to find out the real answers to these questions . . . Wait! There is!
What’s in a Franchise Agreement? February 25, 2009 A franchise agreement is a contract between the franchisor and the franchisee describing the terms of the agreement between the two parties. Most franchise companies have standard agreements and very little, if anything, is negotiable. A franchise agreement is written to protect the franchisor so before you sign, make sure you understand what you are agreeing to do.
Why People Buy Franchises February 25, 2009 The high unemployment rate has everyone worrying about the future. For some people, a recent or pending layoff is just the impetus they need to take their careers to the next level - business ownership. Of course, most people realize that starting a business can be risky and that statistics show the majority of small businesses fail within the first few years. But there’s another option available for those who have accrued some great business experience over their careers and want to take control of their future - business ownership through franchising.
Should You Buy a Resale Franchise? February 25, 2009 Any franchise business, particularly one that has a number of existing franchise units and has been in business for a number of years, is likely to have already established units for sale. These resales can come about for any number of reasons. In some cases the franchisee has built up equity in his business and wants to sell it for a profit. In other cases, the franchisee needs to sell because he isn’t successful or because or of illness or family issues. If there is a resale opportunity available with a franchise you’d like to join and in an area you would like to run a business, should you buy it?
Pizza and Burgers and Tacos, Oh My! - The benefits and challenges of buying a food franchise February 25, 2009 If someone asked you to name your favorite franchise, would you think of a sandwich restaurant or perhaps a pizza shop? Food franchises are among the best-known businesses in America and have been a staple of our culture for five decades. If you’re interested in business ownership, chances are you’ve considered buying one of any number of food franchises. But would a food franchise be the best choice for you?
3 Sources of Franchise Financing February 03, 2009 Making sense of the current economy and its impact on franchise funding
Slow Economy is a Great Time to Buy a Franchise February 03, 2009 Five reasons to buy a franchise in 2009 If you believe the national headlines, you’d think that all is doom and gloom in the business world:
How Much Money Can I Make? February 03, 2009 The secrets to finding out the ROI potential of a franchise When investigating a franchise opportunity one of the most difficult pieces of information to get from the franchisor is how much money you might make. This may be frustrating because you are not going to invest in a business until you have a good idea of what you can earn. In most cases the franchisor is not being purposely difficult. The Federal Trade Commission (F.T.C.) and many states have stringent regulations as to how franchisors can provide this information to prospective franchisees. However, there are ways to get this essential information.
Ask These Money Questions Before You Buy A Franchise May 05, 2008 Request a Free Consultation from FranChoice
Are Franchises Bought, Sold or Awarded? May 05, 2008 By Lori Kiser-Block, CFE President, FranChoice, Inc.
Business Opportunity or Franchising - Which is Best For You? May 05, 2008 By Jeff Elgin CEO, FranChoice, Inc.
Seven Steps To Choosing A Franchise May 05, 2008 By Lori Kiser-Block, CFE President, FranChoice, Inc. |
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