You May Not Be Ready To Franchise Your Business
September 8, 2008 by
Before you get all excited about franchising, I strongly recommend that you ask yourself a few questions about your business. These questions may seem simple and may even have an element of common sense to them, but you will be surprised how often they are overlooked when the excitement of franchising nationwide kicks into high…
Franchising is NOT a Parent Child Relationship
July 18, 2008 by
Let’s clear the air about what the franchise relationship really is about and if when franchising you are in a sense managing children. When contemplating whether or not to franchise your business you may be thinking that if you franchise you are entering into a parent child relationship. Well that is dead wrong! Perception Change…
Franchising: A Down Economy Helps
July 12, 2008 by
Yep, you read the title correctly. Some of you may ask: “What is he saying, franchising while the economy is experiencing a downturn is good news for the franchise industry?” Actually, that is exactly what I am saying. During the last economic downturn, the growth in franchise systems was strong. The reason is because franchising…
Franchising: When You Over Promise and Under Deliver
June 18, 2008 by
When it comes to franchising the last thing you ever want to be faced with is the claim by a franchisee that you “Over promised and under delivered.” The minute a franchisor hears this he/she might as well just take a dagger and insert it into his/her chest.. slowly. If this comment does not bother…
Finding Franchise Candidates; Is Your Business Conversion Friendly?
May 2, 2008 by
The eternal question: “How do I find the right franchisee?” In my opinion, this is no different than trying to find the “perfect” employee. Either way you are taking a chance; the difference is how well you target franchise candidates and interview the person. You will be surprised that many franchise systems have brought on…
You Want to Start Franchising, Can You Sell Them
April 15, 2008 by
All along you have thought about franchising your business. You have thought, how neat it would be to “brand my business” and offer franchises “nationwide”. Perhaps you have had interest by a customer (or two) asking if they can own one of your business models. On top of all that, your local business is growing…
Understanding Franchise Fees and Royalty Fees
March 22, 2008 by
One of the most common questions asked by business owners (like you) who are interested in franchising is “What is the difference between a franchise fee and franchise royalty fees?”. These two terms can be confusing so let’s explore the franchise fee first. Franchise Fee The franchise fee is a one-time fee that is paid…
I Want to Start Franchising My Business; Beware Who You Use
February 15, 2008 by
On a regular basis, we get phone calls and emails with the same question: “I want to start franchising my business, how much will it cost?” This is a very valid question and one that deserves a straight forward answer. As with any purchase it is important to do your due diligence, but how do…
Franchise Development, It’s Fun and Exciting
January 13, 2008 by
I just met with one of our newest clients who flew in from Denver, Colorado. Its funny how comfortable we were with each other from the minute we met. These guys own a successful and very unique gym in Colorado as we have been working with them for about a month. I picked them up…
I Want To Franchise My Business, But I Do Not Need Anyone
December 16, 2007 by
Yes, I actually heard this comment from a business owner who wants to Franchise his business. I come across all kinds; let me explain. We met at a restaurant through a business associate and for sake of concealing his identity we will call him Bob. So Bob has owned his business for about twelve years…
