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Franchise Territories for Mobile Businesses; Why Limitations In franchising an individual desirous of their own business will sign on with a franchising company and use their brand name, know how and expertise to make a living. The franchisor will generally assign an exclusive territory with limitations. In our franchise company we have mobile service units, which clean cars and we have to have territories to prevent in-fighting from franchisees which might inadvertently end up competing with one another. Let us first talk about boundaries. Let u ...
Franchise Work Vehicles Should Have a Flag on Them If you own a franchise and have company vehicles, be sure you have a flag on it. First let’s discuss the American flag. Franchising is the epitome of the free enterprise system. It’s what makes America great. The entire United States government is a franchise system. The federal government grants powers to states to govern exclusive territories. They have the power to tax. They give royalties to the federal government in the form of tax revenue. Each state consists of counties. Again, countie ...
Franchising Companies Need New Franchisee Checklists When franchise companies are moving fast in the market place they must pay attention to the details. If a franchisor fails to give the required items as outlined in the franchise agreement to the franchisees on the prescribed timeline they risk legal issues and regulatory issues. In addition even if they do provide the items on time, there is a chance later that a franchisee may claim that something was not provided and they will use this to break the franchise agreement, sue or file a compla ...
Franchisors: Where to find franchisees for your franchises One of the best sources for prospective franchise buyers is relatives or family of long standing customers of your outlets. Long-standing customers really do know the kind of sales volume you bring in your outlets as they can figure it out pretty quickly. Even the non-educated person can figure out that your outlets are making a hell-of-a-lot more than they are. Many of these customers will admire your franchising company for the great idea and your strong brand name. They will admire their l ...
Franchisor Sample Grand Opening Launch for New Franchised Outlets It is paramount that all franchising companies work hard in the critical launching of all franchises in their new territories. In this present period most franchisees come into the franchise systems with much personal debt and barely squeak by on their initial capital needed. One major error or mistake and the franchisee will fail due to under capitalization. Below it a sample outline and message to new franchisees; I recommend that you take a look at this and develop a policy and plan to hel ...
FTC Adding to the Franchise Rule Last summer the FTC put forth a report and then asked for comments on modifications of the franchise rule. There has been no real significant changes since the 1970’s, but lots of opinions and case law along the way. All these complications of rules and the rules proposed today by the Federal Trade Commission do not help franchisors remain efficient or franchisees sell more pizza, hamburgers or donuts. Franchising is not about laws as much as delivering goods and services to people in a ...
FTC Franchise Disclosure Law Invites Violations; Do Not Call Lists The Federal trade Commission has a rule, which says that each potential franchise buyer must receive a uniform franchise offering circular. There are various things in the UFOC one of which is a complete listing of the names, addresses and phone numbers of all the franchisees in the system. The FTC suggests on their website that potential buyers call on these franchisees and ask questions in order to make an informed decision, yet is the same agency which has set up the Do Not Call Registry. ...
FTC Franchise Rule if Enacted will Trigger Hardship for Private Sector The FTC Franchise Rule maybe changed, as the Federal trade Commission has put out a report to the franchising industry as to upgrade the rule. If enacted will it will trigger hardship for private sector and cost many trees their lives; Paperwork. If this rule is passed; tree MUST die because everyone will have to their already 200 plus page franchise disclosure documents. Franchise companies will have to add clauses that state; even though we offered you a franchise with the delivering ...
FTC Franchise Rule Making Sound and Fury in the Sand Box of Free Markets Today we have a new franchise report from the Federal Trade Commission to further inhibit the franchise model thru more redundant paper work and over regulation, which will only serve the lawyers and give job security to the bureaucrats. However, it serves no free man in this present period. If you look at all the comments in the FTC’s franchise report and rule making session; you see dickering from both sides over phrases, disclosure topics, wording in the UFOCs from lawyers, franchise right ...
FTC Report on Franchise Rule Making; What Purpose? The Federal Trade Commission out of the blue decide in November of 2004 that they wanted to revamp the franchise and business opportunity rule; specifically addressing franchising. Now then, why now? To prove to the masses that the Federal Trade Commission is in control? After all it is nearly 10 years after the Federal Trade Commission considered revising the rule, before this report has surfaced again. Ten years? Franchise companies have come and gone since then, technologies have com ...
Government Franchise Model; taking it virtual Our government is set up like a modern day franchise. Let me explain: the Federal government is the franchisor run by three sets of committees (board of directors of divisions). States are the master franchisees. Counties are the franchisees and have managers of each store (cities). Where does this leave You and I? Well we are the customers (voters). The easiest way to do a great job in your business is to cater to the customer, that is us, THE CITIZENS. To cater to a customer you must ...
Government is a Franchise System; just not a very good one Few understand the Franchising Format and even fewer have correlated that to our modern government structure. The United States Government is set up much like a franchising system. You are well aware of modern day franchise systems like McDonalds although you probably had never thought of our government as a franchise. Of course if it is a franchise it is a humongous one indeed. Since government runs inefficiently; why do we need so much? Since it most resembles a franchise system, why is not ...
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Home Based Franchise Business Opportunities and Unassigned Territories There are so many small franchises you can buy where you work out of your home and visit your clientele or you work out of a service van and have an exclusive territory. Many franchisors who sell such business franchise opportunities may sell only one unit in a large region, yet grant you a small territory. Many franchisees see this as additional territory to draw from in the beginning but then realize serving a large area rather than concentrating on a small one is not that easy. In ou ...
Home Based Franchise Case Study Here is an interesting case study of a company, which franchised mobile car wash units. It started with the humblest of beginnings indeed. I can say that with complete knowledge because this is a company I started at age 12 years old. It was not until I was nearly 32 years old that we franchised my business. This franchise was great in concept but franchisees would not follow the system enough, they deviated from the plan in most cases. The franchisees that stayed with the plan did very well, ...
Home Based Franchise; What About Future Expansion? As a franchisor I am always asked by new and existing franchisees about future expansion. I find this to be a most wonderful question because I admire the strength of today’s entrepreneur. With all and over regulation we still see hard chargers willing to battle the Tsunami of laws, rules and regulations as the debris rushes ashore. Indeed, with the Hurricane of lawyers presently in practice and Earthquake stampeding new attorneys getting out of law school, it is amazing the new warriors of f ...
Houston Economic Rebound; retail franchise locations Houston has always been a boom or bust economy. Yet it is America’s third largest city with 5.5 million people. The ten-year economic cycles have been caused by oil price fluctuations. But as Houston diversifies its economy and matures it employs larger and larger percentages of folks in retail and service sectors. Let’s discuss some other economic issues during the last recession in Houston. Albertson’s pulled out of the Houston Market, Wrath left by Enron, Arthur Anderson Collapse, Continen ...
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You'd like to go into business for yourself, and believe that the best way for you to become your own boss is to buy a franchise. You know it will takes time and money to be successful, and that's OK. But which franchise should you buy? Which makes the most sense for you? Here are some criteria that can help you make your decision: 1. What products or services would you enjoy selling? What industries do you like, or dislike? Your best bet is to find a franchise in an industr ...
Here are some useful tips on how to select a franchise. When selecting a franchise, carefully consider a number of factors, such as the demand for the products or services, likely competition, the franchisor's background, and the level of support you will receive because like any other investment, purchasing a franchise is a risk. You will do well to consider the following items before selecting a franchise: Demand: Is there a demand for the franchisor's products or services in your are ... |
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