A-Z list of the most common franchising terms If you’re entering the world of franchising for the first time, the number of new terms and phrases involved can be confusing. To help you find your feet, we’ve put together a franchise dictionary of the most important things you need to understand before starting out on …
What is Franchise or Franchising? What is franchise? Franchise or franchising is a practice or method of business operation wherein it enables certain businesspersons to generate their revenue by the help of trademarks, brand names & proprietary system. Effectively, if the system operates under a business name/brand and makes some money then it can be …
How to Start a Franchise Franchising is a unique concept of business and has been in the market for more than fifty years successfully for the most part. It is helping the business owners to reach more customers, generating more revenue. If you decided of entering the business world with franchising, you are making the …
What questions should you ask a franchisee? So you’ve read all the promotional information, like what you see in the videos and ready to go to the next stage in your decision making process. The structure of the Franchise recruitment process should allow you access to at least one or two existing Franchisees. This could …
The Mindset of a Successful Franchisee Building a Franchise is a fantastic and challenging experience. You can wake up exhilarated to begin your day and go to bed feeling overwhelmed and frustrated. The key to success is to maintain a positive attitude. Easier said than done, right? Here are 5 ways to help you create …
What is a franchise business? Are you considering self-employment, possibly for the first time & interested to find out more about franchising? Firstly you need to find out exactly what a franchise is & how it differs from other businesses. So what is a franchise business? A franchise business is a very niche business operation. …
When you have made up your mind to jump into franchise business because of the several benefits it offers. New franchises UK comes with plenty of merits such as a perfectly successful business model, an established brand and the incentive of immediate income. But there is a growing trend of joint venture franchising, which offers …
Starting a business without any planning? Are you sure you can succeed without planning your journey? Absolutely not, you need to have a plan about what you will be doing and what you are aiming for. To draft an effective plan you need to evaluate every possibility to come up with the best option. Same …
Common Mistakes First-Time Franchisors Make The most famous coffee franchises and food franchises such as Starbucks and McDonald’s were not successful in a day. Behind them was careful planning, dedicated time and lots of investment. Today’s entrepreneur’s may get excited by the idea of franchising as a way to expand and grow their business, but …
Top 3 Keys to Make your Franchise a Success In this competitive world, making your mark in the business world is getting more and more difficult. From so many types of franchises popping up from van-based franchises, home-based franchises to coffee franchises, it almost seems like all kind of business ideas have already been utilized …
Here is How Franchising Help you Expanding your Business Most famous food franchises UK and coffee franchises were first independently owned and only had one outlet. Through the advent of franchising, business owners have successfully expanded their businesses nationally and internationally. Here are a few benefits of franchising in order to expand your business. Not …
How to attract potential franchisees? Whether a new Franchisor or a well established franchise brand most franchises are continually recruiting new franchisees. Initially a Franchisor is growing their franchise network & when this is completed over time Franchisees will come & go. This is not always due to failure it could also be due to …