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Posts Tagged ‘franchise business’

New business start up ideas

Tuesday, March 3rd, 2015

Many people looking for new ways to start up a business do not realize the financial and costs and the amount of time involved. Investing in a franchise is the ideal way to get started. A franchisor will have already done the hard work for you, including everything from legalities, terms and conditions, logo design, website, templates to marketing materials and tried and tested strategies. Almost everything is laid out in a step-by-step guide commonly known as an ‘operations manual’ and training is also given in the proven to be successful business model.

By being part of a franchise there are many benefits compared to starting fresh on your own, there is always support from the franchisor and other

franchisees; As a group, costs can significantly be reduced due to bulk buying power; Sharing ideas and communication within the franchise network can bring fantastic benefits to all too.

For more information on the benefits of franchising click here

Drinking glasses domestic cleaning tip No68

Tuesday, May 19th, 2009

Hopefully you will find this household domestic cleaning tip that provides you with some advice on cleaning your household drinking glasses to be beneficial. You will also find below a link to other useful household domestic cleaning tips and hints that make up this series of small articles that I am currently publishing on a regular basis.

Cleaning tip No68 offers you advice on cleaning drinking glasses.

If you haven’t used your household drinking glasses for quite some time, then simply soak them in the same substance that you would sterilise a babies bottles with.

New domestic cleaning tips are always more than welcome. 

Please note that I have produced these cleaning tips in good faith and has such will take no responsibility for any failure or damage that may be caused or attributed by the use of any of the tips given.

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Franchise evaluation forms

Sunday, March 15th, 2009
It is very important for a Franchisor to compile a record of the prospective Franchisee during the time that they are interviewing them. The Franchisor will need to be certain that the prospective Franchisee as all or at the very least most of the attributes that the Franchise business requires so as to enable them to become a success if they are offered the franchise.

This is just as important for the potential Franchisee to know, because if they are looking at potentially investing a substantial amount of their own capital into buying a franchise they will need to know themselves whether they would be suitable or not. The last thing that any prospective Franchisee needs is to be sold a business that they are totally unsuitable for!

An example of a franchise evaluation form is below. Please feel free to comment.

Prospective Franchisee Name ______________________

Interview Date ___________________________________

Proposed Territory _______________________________

Research Completed by prospective Franchisee prior to interview

Marketplace Y/N
Franchises Visited Y/N
Assessment of local competitors Y/N
Other franchises still being considered Y/N

Career Background & Experience

Appropriate to this business Y/N
Commercially experienced Y/N
Sales Skills Y/N
Interpersonal Skills Y/N

Personal

Appearance Good/Poor
Personality Good/Poor
Confidence High/Low
Support of family/involvement Y/N
Team player Y/N

Finance

Available capital to invest £………….

TOTAL MARK AWARDED _____________

Other Comments (see below) Y/N

Additional information relating to…………

Interviewer  ……………………………………

Date ……………………………………………

Comments….

Previous Franchise articles

Domestic cleaning Franchise | Home Business | Management Business Opportunity | White Collar Franchise | Franchise Business Advice | Be Your Own Boss

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Franchise confidential questionnaire

Monday, February 16th, 2009

Franchise confidential questionnaire

The franchise confidential questionnaire is an important document that franchisors require prospective franchisees to fill in prior to having an initial meeting about the franchise business.

The franchise confidential questionnaire gives a franchisor a brief but also very good insight into the background of the prospective franchisee.  The franchise confidential questionnaire helps the franchisor determine how suitable the prospective franchisee will be for working the franchise business model. 

The franchise confidential questionnaire should cover such questions in brief form such as what the prospects name is, address, health, past work experience, qualifications, hobbies, car driver, home owner etc.

Finally the confidential questionnaire is as its name suggests confidential and the franchisor should undertake not to disclose the information received to any other party.

Domestic cleaning Franchise | Home Business | Management Business Opportunity | White Collar Franchise | Franchise Business Advice | Be Your Own Boss

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Franchise Non Disclosure Agreement

Friday, February 13th, 2009

Franchise Non Disclosure Agreement

Virtually every franchise business owner requires a franchisee prospect to sign a NDA (Non disclosure agreement) before showing the prospective franchisee trade secrets regarding their franchise business model.

The franchise non disclosure agreement is a legally binding document that acknowledges the fact that the potential franchisee will be shown information about the franchise business that the franchise company as a propriety interest in maintaining the confidentiality of and as such the franchisee prospect undertakes not to disclose any such information and either purposely or otherwise let it enter into the public domain.

Also part of the non disclosure agreement should limit the amount of any confidential information that a franchisee prospect can disclose to their professional advisers and accountants etc to such as is deemed necessary for the purposes of the franchise proposal.

Finally the non disclosure agreement will usually have a clause that requests the return of any confidential material or documents regarding the franchise business which are held by the prospect upon completion of the franchise proposal.

Domestic cleaning Franchise | Home Business | Management Business Opportunity | White Collar Franchise | Franchise Business Advice | Be Your Own Boss

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Franchise business operational manuals

Monday, February 2nd, 2009

Franchise business operational manuals

An essential part of any business franchise package is the supplying of the franchise companies operations manual to a new franchisee.  Franchise operational manuals are usually closely linked to the franchising companies franchise contract and as such its contents should at all times remain strictly confidential and upon the franchisee deciding to either sell his or her business or for what ever reason pack up their business then the Franchise operational manual should always be returned to the franchisor.

The Franchise operational manual/bible should be written in a simple straight forward and easy to understand manner to such a degree that if it were to be lost then who ever were to find it would be able to pick it up read it and be able to follow it and if they were so minded start trading within that business field.

It is for this reason that the Franchise companies operational manual is strickly tied to the franchise agreement, basically it carries all the franchise company’s trade secrets and operating systems and for reason that are plainly obvious it should not enter into any other persons hands outside of the scope of the franchise business.

Domestic cleaning Franchise | Home Business | Management Business Opportunity | White Collar Franchise | Franchise Business Advice | Be Your Own Boss

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Commitment required by a potential franchisee

Saturday, January 10th, 2009

Commitment required by a potential franchisee 


If you are seriously thinking about becoming a franchisee, you should have already given very careful consideration to a number of very important points, including:

  • Are you cut out to be self - employed?
  • Will you make a good franchisee?
  • Is your chosen franchise business the right franchise for you?
  • What is involved in running a business?
  • How will you finance your franchise business?
  • Do you have the full support of your family?
  • Having come this far, your future franchiser should also have emphasised to you that, as with everything in life, what you get out of your own business is directly related to what you yourself put into it. Whilst your franchisor should do everything in their power to help and support you, remember that the business will be yours and the franchiser cannot, and should not, run it for you or take over responsibility for it. The success of your business will depend on your own enthusiasm and hard work. You will only succeed through your own commitment.

    Cleaning Franchise | Work From HomeHome Based Business | Franchise Business Opportunity | Management Franchise | Franchise Advice | Be Your Own Boss

    domestic cleaning franchise blog, franchise business tips blog

    Franchise industry marketing levy

    Thursday, January 1st, 2009
    Franchise industry marketing levy

    It is a common practice within the franchise industry for a franchisor to charge their franchisees an ongoing monthly or annual fee as a contribution towards or in some cases to finance entirely some form of central advertising or marketing fund appropriate to the needs and idiosyncrasies of their particular franchise business.

    Usually the franchisor will keep the marketing levy fund in a totally separate bank account and will produce yearly accounts to show where this money as being used.

    At any time a franchisee usually as an automatic right to ask to view the latest copy of the marketing levy accounts. The marketing levy fund is not for the use of the franchisor it is entirely for the franchise businesses ongoing marketing and brand building requirements as an whole.

    Franchisees although in most franchise businesses are made aware that most if not all local advertising and marketing is still down to them, the marketing levy is more for national advertising, marketing, publicity and building the franchise companies brand on a national level which in effect should benefit the complete franchise group of businesses.

    Cleaning Franchise | Work From HomeHome Based Business | Franchise Business Opportunity | Management Franchise | Franchise Advice | Be Your Own Boss

    domestic cleaning franchise blog, franchise business tips blog

    Pilot business operation

    Thursday, December 25th, 2008

    Pilot business operation

    For any business person that is looking into and seriously considering franchising his or her business model it is essential that they should operate at least one pilot business operation in a different part of the country to where their existing business is currently operating to ascertain that their business model will truly work successfully in different regions of the country.

    The results that they gain through running their pilot business operation or business operations will help them to truly evaluate whether their business model is a truly franchisable proposition!

    If you are a potential franchisee looking at buying a franchise business be careful to research if the company that you are interested in buying a franchise from ran a pilot business operation before they started franchising out their business system, not every company does, be warned!

    Most franchise companies although have run a pilot scheme in their early days, and just for the record this is one business that most definetly did hmmmmm wink

    Cleaning Franchise | Work From HomeHome Based Business | Franchise Business Opportunity | Management Franchise | Franchise Advice | Be Your Own Boss

    domestic cleaning franchise blog, franchise business tips blog

    Considering franchising your business then do your home work first!

    Tuesday, December 23rd, 2008

    Considering franchising your business then do your home work first!

    If you are considering franchising your business model I would recommend that you first research and make yourself well aware of any potential threats that lay out there waiting for you that could cause you and your business severe problems particularly during the early stages of trying to get your franchise business established in the franchise market place.

    Some of the main threats as I see them that could cause your new franchise business to stutter or totally collapse around your feet before it as even got off the ground are as follows: -

    Have you priced your franchise model at a cost effective but competitive rate?

    Continuing growth of existing franchise business competitors.

    As well as your business there may well also be a continuing stream of other new franchise business competitors entering into your chosen market place.

    A large quantity of independent small companies already trading in your market place might well make your franchise less appealing to potential franchisees.

    Low rates of unemployment could mean a limited amount of new entrepreneurs looking for franchise business opportunities.

    There are many other potential threats that exist those that I have outlined above are only the tip of the iceberg, please feel free to contribute to my list with any potential threats that you might be aware of that may threaten someone trying to get their new franchise business model off the ground.

    Cleaning Franchise | Work From HomeHome Based Business | Franchise Business Opportunity | Management Franchise | Franchise Advice | Be Your Own Boss

    domestic cleaning franchise blog, franchise business tips blog

     

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