Choosing The Right Franchise

Once you have decided that opening up your own franchise is a wise decision, you will need to decide what type of franchise you wish to open. There are many different franchise opportunities available for expansion. Whilst some companies are starting out with franchising their already successful...

Starting your own business is always a daunting prospect, but the lure of being your own boss, working the hours you want and knowing the money you make is going straight into your pocket are great ones. Current market conditions are ideal for launching a business especially in a growth market such...

A day in the life of a WPA Franchisee There’s far more to being a franchisee with WPA Health Insurance than selling insurance policies. With a mantra of ‘treating others as you would hope to be treated’, this ethical, not-for-profit company makes service to customers a way of...

The idea of a microfranchise seemsoriginated at Brigham Young University, Utah, in the USA. BYU’s Marriott School defines a microfranchise as small businesses that can easily be replicated by following proven marketing and operational concepts. The overall objective of MicroFranchising is to...

I have dealt with a great many franchisors over the past 3 years, some 800+ of them in fact and I have found that they fall into certain categories, a bit of a sweeping statement yes but let me explain. Franchisor 1 falls into the caring category. They want to expand their business but not to...

Redundancy isn't pretty. You feel let down by your employer, unfairly suffering for their failures, and determined to never face the same humiliation again. It's no surprise that so many people decide to go it alone after being made redundant. But this isn't a great environment for new...

In my previous article I wrote about the questions you need to ask when you first consider buying a franchise. In this piece I want to look at the preparation you must make before you commit to purchasing your business. Knowledge is power, of this there is no doubt. I once conducted a cruel...

Since it’s beginnings in the 1950’s in America franchising has been a steadily growing business. In the UK in the 1990’s there was an explosion of franchising activity and throughout the last decade the model has continued to proposer. This article is not about the history of the...

There is a little ‘legal’ restructuring mechanism that has become the toast of ‘good strategic advice’ to businesses of late. A relatively mysterious process called ‘Administration’. I have to admit complete ignorance in the past about the full meaning of the...

Buying a Franchise is a fantastic way to get yourself out of the humdrum daily toil of your working life and become independent and much more motivated. Today, with the economy as it is, there can be no doubt at all that there is no longer such a thing as job security, and just turning up to...

If you are interested in starting a new business you might consider that of a franchise because of the perceived notion that it is a sure success. However, this is not always the case and before starting a franchise you should educate yourself on a significant amount of information in order to...

Franchises are generally a good thing and many people do well with them and support they provide start ups. However, before buying into one, be aware of some of the problems that can exist when the franchiser has questionable ethics. MRINetwork also known as Management Recruiters International or...

Online cookbooks are one of my favorite ancillary benefits of today's current technology. I've never been great in the kitchen, but once I found that I could find step-by-step instructions for making all kinds of food, I no longer had to worry about my own pitiful culinary sense, because someone...

One of the greatest decisions of any entrepreneur is in the choice of franchise that you buy in to. Therefore, there is a lot of planning and researching that needs to go into the process before deciding on a final franchise.You need to have goals to work towards. For example, think about why you...

It’s full of legal jargon with lots of references to “whereas” and “wherefore” and it can be double dutch to people who have never seen one before. But the franchise contract (or agreement) is perhaps the most important document in the franchise process.  ...

By asking a lot of questions—of yourself, and of the Franchisor. Franchising allows you to trade under the Franchisor’s name, trademark and system without you going to the expense of creating such a business from scratch. He’s spent the money, made the mistakes, and now he’s...

  When buying a franchise, one of the greatest tools you have at your disposal is the ability to contact current franchisees. Not contacting them and investigating their opinion of the franchisor thoroughly would be a big mistake. When you contact a current franchisee, you get the opinion...

Look for a franchisor that has a variety of experts in the management team (a franchise expert is essential, and so is marketing and finance), has been working with the business model for a long time and has streamlined systems and processes.Good locationYou know what they say – location is...

  A potential franchisee should always find out about the history of the franchisor in the territory that they are planning to open their store before entering into a franchising agreement with the company. If the franchisor has previously had a location in the territory that closed or...

  If you have thought about starting your own business by becoming a franchisee, you might be overwhelmed by the options.  There are a lot of great benefits to buying a franchise rather than starting a new business, but you might not get to experience those benefits if you are...

Buying a franchise can be considerably less risky than starting your own business from scratch.  For this reason, it can be a good opportunity for entrepreneurs who are inexperienced or simply averse to risk.  Many new franchise opportunities crop up every year, and the choices can be...

If you’re considering a franchise opportunity and you have been doing your homework, you probably want to know how much money you can make at a franchise.  Many potential franchisees like yourself have been doing more and more research before buying a franchise, and want as much...

Making a major financial decision of any sort requires thorough investigation of the costs and benefits.  Buying a franchise is one such major decision that you might be trying to think through if you want to start your own business.  You might know that a franchise, like any new...

You may be interested in starting your own business, and buying a franchise is a great way to do it. But perhaps, for one reason or another, you are hoping to do this job part-time. Maybe you have a family that you need to take care of. Or maybe you want to be able to work at home, and you need a...

If you are interested owning your own business you have probably heard about the possibility of buying a franchise. Of course, there are many advantages to buying a franchise rather than starting up your own business. With a franchise, you get the benefits of an established business model and a...