Franchise Articles

Business » Entrepreneurship » Franchise | By Tristan Andrews @ Wednesday, 20th December 2006 @ 12:52 PM

A franchise agreement is just like any contract that you have ever entered into. It defines the rights and obligations of the parties involved. Franchise agreements in particular define the relationship between the franchisor (the one awarding the franchise) and the franchisee (the one buying the franchise). There are legal, practical and operational issues that need to be negotiated in a franchise deal. The franchise agreements sum up the terms of the negotiations between the franchis... more...

Business » Entrepreneurship » Franchise | By Tristan Andrews @ Wednesday, 20th December 2006 @ 12:51 PM

An exceptional business concept and a unique support and operating system turned The Little Gym into one of the franchising industry leaders. The Little Gym was founded by musician, gymnast and kinesiologist Robert Wes in 1976. The Little Gym's main aim is to create an environment for children aged 0-12 years where they can develop their motor skills while having fun with other children in a noncompetitive manner. This environment is brought about by a strictly engineered and systematic ... more...

Business » Entrepreneurship » Franchise | By Tristan Andrews @ Wednesday, 20th December 2006 @ 12:50 PM

Acquiring a franchise is not a simple matter of having money to invest. It is of course a necessary requirement but it is not sufficient to get you approved for a franchise. A franchisee is important to a franchisor. A franchisee gives a franchisor the means to expand the business and the brand without putting up any additional capital. Franchising increases a company's buying power and helps the franchise company realize profits from other avenues. But a franchisor cannot ... more...

Business » Entrepreneurship » Franchise | By Tristan Andrews @ Wednesday, 20th December 2006 @ 12:49 PM

At first glance, it would seem ideal if a franchise does not require a royalty fee. And in fact, there are various franchise opportunities being offered today that do not have royalty fees attached. These opportunities would boast that all you'll need to pay for is a lump sum that pays for your franchise, the start-up inventory and the start-up training. After that, all revenues would be yours. They would say that this is as it should be, and you are most likely to agree. But sho... more...

Business » Entrepreneurship » Franchise | By Tristan Andrews @ Wednesday, 20th December 2006 @ 12:48 PM

Ever wondered why franchising draws a lot of women? Records show that many women have turned to franchising. The number of female business owners in the country today is at a record high. More and more women are abandoning their careers or their housewife roles to become their own boss. Franchising is actually a very good way to start your own business. When you take out a franchise of an established company, you are buying the brand, concept, training, and business systems of the mot... more...

Business » Entrepreneurship » Franchise | By Tristan Andrews @ Wednesday, 20th December 2006 @ 12:47 PM

It is preferable to franchise an established and reputable company. The company that you should consider to franchise must also have an evidently successful system in place and an effective framework for transferring expertise to the franchisees. Unfortunately, these established companies can be quite unbending when it comes to franchise agreements. After all, they have the upper hand. But even if the franchise companies leave you less room for negotiations than you might want, it does... more...

Business » Entrepreneurship » Franchise | By Tristan Andrews @ Wednesday, 20th December 2006 @ 12:46 PM

Franchising has traditionally been a selling industry. Franchises are sold by franchisors and bought by interested franchisees. However, franchising has evolved when it was realized that a franchise would benefit more if changes are initiated that would focus on the quality of the franchisees selected rather than focusing solely on the franchisees' bankroll. A company is franchised by the franchisor so that he could expand quickly without the need for additional equity. Franchisin... more...

Business » Entrepreneurship » Franchise | By Tristan Andrews @ Wednesday, 20th December 2006 @ 12:31 PM

The proper use of technology can revolutionize the way you do business. With the right mix of technological tools and systems, your franchise can rise to the top of your business field and keep you there. This move will also save you a lot of time and increase your efficiency as well as profits. After all, opportunity cost is incurred when you spend more time than you have to at doing tedious and routine administrative duties. By using the available technology in your franchise business, you... more...

Business » Entrepreneurship » Franchise | By Raymond Lawrence @ Wednesday, 20th December 2006 @ 12:30 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 to... 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 th... 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 the... 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. So... more...

Business » Entrepreneurship » Franchise | By Tristan Andrews @ Friday, 8th December 2006 @ 6:26 PM

If you have the business acumen to run and operate a store or retail business with an interest in home improvement, a handyman franchise business may be the right fit for you. Handyman franchise businesses are rising in popularity as more people are finding value in hiring a handyman to handle basic chores, home maintenance, general improvements, and other household items such as plumbing. As a franchise owner, you do not necessarily need to know how these things work, but should be able to hi... more...

Business » Entrepreneurship » Franchise | By Tristan Andrews @ Friday, 8th December 2006 @ 6:03 PM

Franchise business models are an attractive business opportunity for many entrepreneurs and people looking for an independent business venture. Franchises can be startups in a fast-growth phase, or an extension of an established business that falls into the slow-growth category. In order to be successful in your franchise venture, it's important to consider the costs and benefits of both business models and see what will be a good fit for you in the long-term. Both slow-growth and fast-g... more...