A franchisee is trained to:
To construct the business according to a formula and mapping
To have certain equipment and tools
To have the same image of the store.
To run the business according to the detailed plan, such as:
How to order inventory
How to display products
How to deliver your sold items
How to receive money from your customers
How to satisfy your customers’ need
How to run follow up before and after a sale
When you buy a franchise, you don’t own the business.
You own the right to do business using the franchisor’s trade mark, brand name, product or services and operating methods.
Here’s what you get when you join a good franchise system:
A proven and successful way of doing business
A nationally known brand name
A complete training program with advanced training and updated
Research and development into new products and services
Professionally designed local, regional, and national advertising and marketing programs
A chance to own more than one franchise
A shortcut around the common mistakes of startup businesses
Your fellow franchisees as a network of peer advisors
Thorough and ongoing field and headquarters support
Oftentimes, a protected market or territory
This may be:
Loss of entrepreneurial independence
Franchising inelasticity
Misrepresent the income expectation when you approach a franchise
Next topic:
Other factors you may consider to own a franchise business
Saturday, July 29, 2006
Sunday, July 23, 2006
Money making sledge hammer
Thank you for the chance I share messages with you.
This is an article regarding how you can pick up the best
business on the net without involving years of research
and construction of your business.
Franchising is the way to go.
What is franchising?
Franchising is a system that provides:
**The owner has a chance to expand his/her business
**A channel distributing more goods and services
**An opportunity for newcomers to operate a business
under a recognized brand name
A franchise occurs when a business (the franchisor) license
its trade name and its operating system to a person who
agree to operate the business according to the
terms of a franchise agreement or contract.
The franchisor usually provides the franchisee with
supports and helps to run the franchising business
under the term of agreement that include
using the same brand name.
In exchange, the franchisee usually pays the franchisor
franchise fee and a royalty for the use of the trade name
and operating methods.
The franchisee gets a complete system for delivering the
product or service and for doing business,
under the same brand name.
It’s the system that produces consistency that is the
foundation for the success of franchising.
The business plan offers a dictated plan that explains how
to do everything from the ground up.
Usually, it is tested and proven.
Next topic:
Ways you want to own a franchise.
This is an article regarding how you can pick up the best
business on the net without involving years of research
and construction of your business.
Franchising is the way to go.
What is franchising?
Franchising is a system that provides:
**The owner has a chance to expand his/her business
**A channel distributing more goods and services
**An opportunity for newcomers to operate a business
under a recognized brand name
A franchise occurs when a business (the franchisor) license
its trade name and its operating system to a person who
agree to operate the business according to the
terms of a franchise agreement or contract.
The franchisor usually provides the franchisee with
supports and helps to run the franchising business
under the term of agreement that include
using the same brand name.
In exchange, the franchisee usually pays the franchisor
franchise fee and a royalty for the use of the trade name
and operating methods.
The franchisee gets a complete system for delivering the
product or service and for doing business,
under the same brand name.
It’s the system that produces consistency that is the
foundation for the success of franchising.
The business plan offers a dictated plan that explains how
to do everything from the ground up.
Usually, it is tested and proven.
Next topic:
Ways you want to own a franchise.
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