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Franchising Information Franchise oppotunities are all around us today. You may pop into Starbucks for coffee and then head for lunch at MacDonalds before returning home and ordering your dinner from another local franchise, Pizza Hut. Many of the most popular outlets you visit may be franchises as they offer the security of a brand name and the attraction of starting your own business. The world of Franchise is certainly complex but many people are now seriously looking at starti ...
How to Start a Photo Mug Business for Fun and Profit
Image of Your Franchise Automotive Outlet is So Important Image of your franchise automotive outlet is so important. Some say image is everything, well then if you buy a franchise you should be constantly thinking of image and cleanliness. If you read Ray Kroc’s book “Grinding it Out” (McDonalds Visionary) or Tom Monahan’s (Founder of Dominos Pizza) book “Franchising for Dummies” or Howard Shultz’s book; “Pour Your Heart Into it” (Story of Starbucks) you will see they all built brand on image. Even for those of you who are the extroverted sales type ...
Independent Auto Detail Shop VS Biz Op or Franchise Owning a detail shop can be an exciting and rewarding business indeed. Many times an owner of an independent Detailing Shop will wish to add those items he/she believes their customers want. Since an independent detail shop is not a franchise or affiliate they can try new things and do what ever they want. They use their knowledge of the industry, a little intuition and luck; it is a best guess issue. For an independent detailing shop entrepreneur; there is no proven business plan to go by, b ...
Insurance Requirements in Franchised Companies Franchised companies often require what some believe to be excessive insurance requirements. This is because so often if a franchise is sued for any reason that the Lawyers go after the big money of the franchisors and name them in the lawsuit. It is amazing that a lawyer can write garbage in a lawsuit and file it in court and if you do not hire another lawyer to fight them, you could lose your entire life’s work and company. But our legal system as most entrepreneurs agree is a complete joke ...
Is Your Business Property Safe and Secure?
Is Your Logo Helping or Hurting Your Business?
Make A Small Fortune In The Fishing Industry...
Maryland Legislators and Lawyers Propose Franchise Rule Change Recently the Maryland State Legislature thought it prudent to require more disclosure than is already required by law and a complete audit of each franchisee of every company, which was franchising in their state and providing jobs and tax base. It is the typical thing dumb politicians do when they have no clue as to how free enterprise models work. There ought to be a test for all Maryland State legislators and lawyers on the reality of the market place. The entrepreneurs cannot build as fas ...
Message to Prospective Franchisees for Franchisors Many franchise companies fail to send the proper message to their prospective franchisees. This is partly due to the over regulation and intensity of litigation in the industry. Smaller franchisors are generally hurt the most from these factors and consumer or buyers of their American Dream seem to feel slighted at a the impersonal approach. Many franchise company’s sales departments walk a fine line between disclosure laws and the information they are allowed to depart to the prospect franch ...
Mobile Franchise Business Expansion Strategy If you own a mobile franchise business and wish to expand you will need to have a strategy that involves your franchisor. Additionally if you are a franchisor it is important to have some sort of policy in place in advance so that there are no hurt feelings as franchisees expand. Our company has such a policy but as per our franchisee survey less than 20% of the franchisors who participated in the Franchising.org had such a policy. I recommend that if you are a franchisee or franchisor ...
Mobile Franchise Opportunities and Home Based Business Expansion and Territory Considerations When you buy a mobile or home based franchise generally it comes with an exclusive territory which is figured by a geographical region; like a city, country, zip code or population base. Most Business Opportunities do not have exclusive territories. But what happens when you wish to expand? In a business opportunity situation you could be competing against people using your exact business model, you might already have them competing with you. The more business opportunities that are sold in t ...
Most Franchises Are Small Home Businesses Many of our nations 400,000 franchisees run their businesses out of their homes and therefore their home addresses and phone numbers are listed in the Unifrom Franchsie Offering Circular’s, attachments. Uniform Franchise Circulars, UFOC, are for franchise buyers and they explain the investment involved. It is required by law that they be given out to potential buyers in advance of any sale by 10 business days. How can a franchisor be assured that someone sending an email or filling out a form ...
Multi-Brand Franchises in the QSR Sector Well not everyone is aware that McDonalds also owns several other bands such as Boston Markets; 650 stores in 23 states, Chipotle Mexican Grill; 230 stores in 10 states, Donato's Pizza 200 stores in 10 states, Pret a Manager 140 stores in 4 countries, Fazoli's 400 units in 32 states and two countries. Of this the company derives 2 Billion in annual sales, this is not even counting McDonalds. Many people are unaware of this because McDonald's has not connected the dots. However other franchise ...
Pet Grooming Business
Plumbing and Drainage Franchises
Politics, Lawyers and Franchise Rule Making at the FTC The Federal Trade Commission is working through the necessary changes of law to protect the consumer and be fair to business owners in the franchising industry. Unfortunately as with most all regulatory agencies whenever they wish to make rule changes they have meetings to discuss it with the industry, but the lawyers all show up and take over the process. The franchise rule changes are no different so it makes sense they will not serve the industry or consumer, only the lawyers. It is ...
Private Franchising is not Real a Real Franchise One major issue not being addressed right now in the regulatory definitions which guide consumers and lawyers in business opportunities and franchising is the new term being used; Private Franchising. The Federal Trade Commission decided it would revise its definitions of such opportunities in 1995, but failed to address this issue. The use of the term; Private Franchising has grown over the years. There now exist some fraudulent activity going on in coffee shops across America with reg ...
Recruiting Government Workers As Franchisees Many believe a leaner government promotes better freedoms with respect to free enterprise and the right to free contract. Leaner governments make fewer laws because of their enforcement capabilities. Under our current direction with high government debt loads and low unemployment we will begin to see a downsizing of government at every level. We see it in a few closures of military bases. The Federal Government is the United States’ second largest employer behind Wal-Mart with about the same ...
Sample; Territory Reduction Policy for a Franchise Company I propose this thought on the subject of Franchisee territory reduction based on performance for a Mobile Business Model. Please read the sample policy below as it explains the reasoning and methodologies considered to extend brand without risking underdeveloped territory. We will use a Mobile Car Wash Franchise Business for this discussion. This sample is speaking from the Operation Manual of the franchisor to the franchised unit: If the volume of your business decreases to forty perce ... |
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