Posted in Franchisor

Franchising Article

Posted by Carolyn Dufton on 21 April 2010
Franchising Article
Franchising Fears So you've undertaken a franchise feasibility study, and franchising seems to be a workable option. The franchising consultant has helped you assess the viability of franchising and the numbers and you've ticked the boxes; The business has long term viability There is sufficient profit within the business to create a Win-Win situation for Franchisor and Franchisee alike. The business has been tested and has been running efficiently ...
Posted in: Franchisor Franchising  

Can franchise fees ever be too low?

Posted by Carolyn Dufton on 17 March 2010
Can franchise fees ever be too low?
Ever heard a complaint about being charged too little for a product or service? No it doesn't happen often does it? But it occurred to me whilst flicking through the pages of a business magazine that some Franchisors do appear to be charging too little. I came across a Franchise organisation with around 50 franchises and "many in the pipeline" so the reader was led to believe. The ongoing monthly fees were minimal and there was no marketing fee. So I began...
Posted in: Franchisor Franchising  

Operations Manual tips

Posted by Carolyn Dufton on 15 March 2010
Operations Manual tips
Franchisors must remember that the franchise operations manual forms part of the franchise agreement. The operations manual is therefore a vital business document that needs to be accurate and consistently updated. The Operations Manual should be a Franchisor's best friend. A breach of the operations manual constitutes a breach of the franchise agreement. Tips for a great Operations manual It is usual for operations manuals to separate Franchisee versions and st...
Posted in: Franchisee Franchisor Franchising  

Franchising Feasibility and FAQ's

Posted by Carolyn Dufton on 15 February 2010
Franchising Feasibility and FAQ's
Have you ever considered franchising your business? Not every business is suitable for franchising and not every business owner is the right person to be a Franchisor. Creating a system requires both an investment of finance and time and external professional direction. No business should proceed down the franchising path without a full analysis and awareness of their business. Some Pre-Franchising FAQ's Q. Can I put together my own franchising system? Technically y...
Posted in: Franchisor Franchising  

Getting it Right as a Franchisor in 2010

Posted by Carolyn Dufton on 15 February 2010
Getting it Right as a Franchisor in 2010
"The Ostrich method" does not work well in business generally and particularly in franchising. Burying your head in the sand and hoping your problems will go away will NOT WORK. Being in denial of re-occurring issues in your franchise will only lead to a massive blow out of the issue....whatever it may be. Remember, that since March 2008 when the new disclosure changes occurred, you must disclose
ALL YOUR FRANCHISEES' CONTACT DETAILS Past and present. There&...
Posted in: Franchisor Franchising  

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