Custom Search
Dennis Schooley's Articles in Investments
Show All
|
Display Category
|
Title
|
Newest
|
Oldest
Franchise Opportunity –Considerations to Make - Unified Thinking
I’m not going to spend much time with this point at this stage, other than to say that the entire process of due diligence, for both parties, should be about determining whether there is unified thinking.
Franchise Opportunity –Considerations to Make - Face-to-Face Meeting
The system of evaluation for both parties should include a face-to-face meeting. After all, you are trying to determine if you want to get into business together for 5, 10, 15 or more years. If a Franchisor wants you to join the system without a face-to-face meeting, it doesn’t really make sense.
Franchise Opportunity –Considerations to Make - Responsiveness
This one is fairly simple but very important. If the Franchisor responds to your inquiries quickly and efficiently, it’s probably a good indicator of the type of responsiveness the company executes as a whole. Of course, that becomes very important when you require support once you become a Franchisee.
Franchise Opportunity –Considerations to Make - Communications with Existing Franchisees
One of the most important sources of valuable information will be the existing Franchisees. The Franchisor’s system should include available exposure to all of the Franchisees. First of all, in most jurisdictions where Disclosure Documents are required, one of the required disclosures is a full list of all Franchisees, including contact information.
Franchise Opportunity –Considerations to Make - Franchisor’s Qualification System
One of the initial things you should strive to understand is the level of development that the Franchisor's Candidate qualification system has reached. Your first reaction to that might be 'Why do I care about a Franchise Qualification system - I only care if I get a Franchise or not?' I would suggest that you should care a great deal.
Franchise Opportunity - Questions To Ask The Franchisor - What Exit Strategies Are Available?
There are many factors that should come into your analysis before becoming a Franchisee. The folly often lies in not considering this part of the equation at the very time that you are considering entry into the Franchise in the first place. That’s exactly the time when you need to give significant consideration to the value of the asset that can be created.
Franchise Opportunity - Questions To Ask The Franchisor - What Are The Franchisor’s Growth Plans?
You may think that a Franchisor’s growth plans are not important to you once you become a Franchisee. However, there are a number of factors that illustrate that a Franchisor that has continuing growth plans will increase the value of your investment.
Franchise Opportunity - Questions To Ask The Franchisor - Is The Franchise Scalable?
This issue relates to your own targets, as they all do. If you want to grow your business to leverage the Franchise process in multiple locations, or by leveraging the results of a number of employees, or by any other criteria appropriate for the business, does the Franchisor allow for that growth?
Franchise Opportunity - Questions To Ask The Franchisor - Who Are The Competitors?
The Franchisor should have a good understanding about the competition, and how much market share they command. It doesn’t matter how big a market is if it’s completely saturated, unless the Franchisor has specific strategies to eat someone else’s lunch.
Franchise Opportunity - Questions To Ask The Franchisor - How Big Is The Market?
The Franchisor should have a good handle on the available market for the product or service that you will be offering as a Franchisee. Presumably the Franchisor has done extensive research on the current market size, as well as the potential market size for the future.
Emotional Fulfillment – Controlling Your Destiny
The degree of priority that this particular criterion holds for an individual is probably the single most important factor to consider before making the decision to strike out on your own. Just how important is it that you control day-to-day decisions about what you do, and where you do it.
Emotional Fulfillment - Does A Franchise Meet Your Emotional Needs?
When you think of becoming a businessperson by making the transition from employee to Franchisee, you don’t generally think in terms of emotional fulfillment. However, in reality, the evaluation of emotional factors should play a significant role in making that final decision to join the world of the capitalist, or remain in the realm of employee.
Why Do I Pay A Royalty Fee?
The first point to make about Royalties is that good Franchise systems should look at them not as a payment but rather as a remittance. It is the Franchisor’s share of the income derived from customers or clients. The Franchisee collects that fee along with all other revenues from the customer.
Franchise Opportunity – 5 Considerations
In addition to the many questions that you should pose to a potential Franchisor, and the many questions they should pose to you, there are several other considerations for you to determine your compatibility with a particular Franchise system. If you are going to be getting into business with someone with the goal of creating an outstanding future together, you should cover more bases than just the basic questions to understand how the business makes money.
Franchise Opportunity – 5 Questions to Ask About The Franchise
Franchising has become one of the most important and effective business growth strategies in the past quarter century. Although franchise system development dates back centuries to the times when monarchs awarded territories to tax collectors, current franchise business systems date back decades to the Singer Sewing Machine strategy of granting rights to individual business people to sell Singer products in various regions.
Franchises – What’s The Exit Strategy?
Evolutionary change would seem to indicate that we should all prepare for failure. Of course, if we do an extremely good job, perhaps our grandchildren’s grandchildren have the problem, and we can rest easy in the hammock for now. In a much more practical view of the calendars we get to flip ourselves, we should think about creating a successful Franchise business, maximizing the value, and realizing the optimum return with an appropriate exit strategy.
Franchises - Emotional Fulfillment – The Challenge
Do you look forward to Friday afternoon or Monday morning? Perhaps that’s the true litmus test of happiness. If you’re thinking about the fact that there’s only one day to go before the weekend, when you just got back from lunch on Wednesday, it may be time for a change.
Franchises - Emotional Fulfillment – Controlling Your Own Destiny
When you think of becoming a businessperson by making the transition from employee to Franchisee, you don’t generally think in terms of emotional fulfillment. However, in reality, the evaluation of emotional factors should play a significant role in making that final decision to join the world of the capitalist, or remain in the realm of employee.
Franchise Opportunity – Questions To Ask The Franchisor - Why Do I Pay A Franchise Fee
Franchising is a strategy that the Franchisor uses to achieve its objectives, including market penetration and market domination. Franchises are granted or awarded to a qualifying Franchise Candidate that has similar objectives in their own marketplace.
Sign Up
for a free account or
learn more
.
Submit Articles
Member Login
Top Authors
Most Popular Articles
Submission Guidelines
Ezine Notifications
Article RSS Feeds
New Stuff
About Us
Authors Blog
Link to Us
Contact Us
Articles4Free.Com
- World Information Service by Ibrahim Machiwala (Lodhi)
