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Posts Tagged ‘franchisor’

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

Franchise arrangements are often called chain stores

Friday, September 18th, 2009

Franchise arrangements are often called chain stores.

Franchising (from the French for honesty or freedom) is a method of doing business wherein a franchisor licenses trademarks and tried and provenFranchise business methods of doing business to a franchisee in exchange for a recurring payment, and usually a percentage piece of gross sales or gross profits as well as the annual fees. Various tangibles and intangibles such as national or international advertising, training, and other support services are commonly made available by the franchisor, and may indeed be required by the franchisor, which generally requires audited books, and may subject the franchisee or the outlet to periodic and surprise spot checks. Failure of such tests typically involve non-renewal or cancellation of franchise rights.

A business operated under a franchise arrangement is often called a chain store, franchise outlet, or simply franchise

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To be a good franchisor

Thursday, May 7th, 2009

I personally think that to be a good franchisor that you must take a personal interest in the success of all of your franchisees by: -

  • Encouraging franchisees on an ongoing basis.
  • Offer your franchisees around the clock 24 hour support where possible.
  • Be prepared to offer hands on support if a franchisee requires your assistance at any time.
  • Offer franchisees extra training if and when they require it.
  • Keep up to date with all new legislation that might apply to your franchise business model.
  • Make yourself easily contactable either by telephone or e-mail by franchisees.
  • Generate business enquiries for your franchisees.
  • Install a feeling of equalness in franchisees so that they all feel part of one big happy family.
  • Continue to grow your brand by the recruitment of new franchisees.

    Can you think of any thing else that could be expected of a good franchisor?

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

    Robin Harrison is the managing Director of Dolly Char (UK) Ltd. Dolly Char (UK) Ltd is one of the fastest growing domestic cleaning franchise companies in the UK today giving people the opportunity to work from the comfort of their own home.

    domestic cleaning franchise blog, franchise business tips blog

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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….

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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.

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    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

    Franchise opportunities do your research

    Sunday, November 30th, 2008
    Franchise opportunities do your research

    Before travelling many miles for an initial meeting with a franchisor to discuss a franchise business opportunity it is important that the prospective franchisee should be able to answer the following important questions.

  • Are you serious about the franchise business opportunity?
  • Do you fit the franchisors franchisee job description/profile?
  • Have you examined other similar franchise business opportunities to build up a good picture of this particular franchise model?
  • Have you thoroughly researched this type of business to gain a good understanding about it?
  • Have you researched the area that you would wish to run a franchise business from to find out what competition already exists there?
  • Do you have any experience that may be of benefit to you within this field of business?
  • Are you cut out for this type of business?
  • How adaptable are you to learning?
  • Is your existing lifestyle suitable for you to able to run the franchise business properly?
  • Do you have the support of your family?
  • Do you have the self motivation required to succeed with your new franchise business?
  • Can you afford the franchise?
  • Could you financially survive for the first few months while the business got itself established?

    All these questions can be answered through doing a little research and I would strongly recommend doing so before arranging an initial meeting with the franchise business owner. You may unfortunately find out that the particular franchise that you were interested in would be unsuitable for you.

    This could save you valuable time in not having to travel many miles to meet up with the franchisor only to be turned away due to your unsuitability.

    Can you think of any others important issues that a potential franchisee should research?

  •  

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

    Robin Harrison is the managing Director of Dolly Char (UK) Ltd. Dolly Char (UK) Ltd is one of the fastest growing domestic cleaning franchise companies in the UK today giving people the opportunity to work from the comfort of their own home.

    domestic cleaning franchise blog, franchise business tips blog

    Military Service Personnel make ideal Franchisees?

    Friday, November 21st, 2008

    Military Service Personnel make ideal Franchisees?

    Recently I have been considering if there is a ideal group of people who would be easy to train and make great franchisees.

    My conclusion is that military service personnel with their regimented background would make great franchisees as they are moulded through their military training to follow instructions to the book.

    They would methodically follow the franchise bible or operational manual to the word without questioning its contents in most cases.

    If the franchisor noticed that they were doing something incorrectly within their business operation they would welcome instructions on correct operational techniques without creating much of a fuss over it.

    They would work very hard to make a great success of their business and not shy away from working long hours if and when necessary to get their business firmly and quickly established.

    Military personnel are these days also used to completing paperwork in a fashion that is organised and legible.

    Because of their recent military background they would be physically and mentally fit, which these are two of the greatest assets that they would require to succeed as franchisees.

    Military Service Personnel make sure that they are always presentable and would take great care in their personal appearance.

    Feel free to mention any other assets that military service personnel might have that would be beneficial to them becoming a franchisee

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

    Robin Harrison is the managing Director of Dolly Char (UK) Ltd. Dolly Char (UK) Ltd is one of the fastest growing domestic cleaning franchise companies in the UK today giving people the opportunity to work from the comfort of their own home.

    domestic cleaning franchise blog, franchise business tips blog

    A definition of Franchising

    Tuesday, November 11th, 2008

    A definition of Franchising

    Franchising (from the French for honesty or freedom) is a method of doing business wherein a franchisor licenses trademarks and tried and proven methods of doing business to a franchisee in exchange for a recurring payment, and usually a percentage piece of gross sales or gross profits as well as the annual fees. Various tangibles and intangibles such as national or international advertising, training, and other support services are commonly made available by the franchisor, and may indeed be required by the franchisor, which generally requires audited books, and may subject the franchisee or the outlet to periodic and surprise spot checks. Failure of such tests typically involve non-renewal or cancellation of franchise rights.

    A business operated under a franchise arrangement is often called a chain store, franchise outlet, or simply franchise

     

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

    Robin Harrison is the managing Director of Dolly Char (UK) Ltd. Dolly Char (UK) Ltd is one of the fastest growing domestic cleaning franchise companies in the UK today giving people the opportunity to work from the comfort of their own home.

    domestic cleaning franchise blog, franchise business tips blog

     

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