New Franchisees?

Franchising is becoming a more attractive business vehicle for a variety of people, and this diversity is strengthening the franchising community.
Women franchisees are becoming more common. Working with data provided by the U.S. Bureau of the Census, the Center for Women’s Business Research found that as of 2004, there are an estimated 10.6 million privately [...]

Franchise Networking Opportunities

Given that the health of a franchisor’s relationships contributes to the health of the overall system, all franchisees should take part in as many networking opportunities as they can.
The franchise system may provide many of these opportunities. For example, it may have regular workshops, seminars, and meetings for its franchisees. A good franchisor will understand [...]

Trends in Franchises

The franchising way of doing business is growing and you can find franchise opportunities everywhere, there?s no doubt about that. It?s because it’s a win-win situation for those who want to be in business. For franchisors, franchisees provide the capital and manpower needed to grow the business. For franchisees, the franchisor provides a complete system [...]

Your Franchise is Like a Family

To turn your franchise opportunities into profitable business, you must understand that a franchise system is in many ways like a family. The parent (the franchisor) has its offspring, which are the brother and sister franchisees. Like any family, there are rules that must be followed. When this gets off track, the entire system can [...]

How to Launch New Franchises in another Country

Franchising for franchising’s sake won’t work in foreign markets. It must be done properly. A franchisor has a number of decisions to make before establishing a toehold in another country. To be successful, the franchisor will need to determine which franchise model it will follow, who it will partner with, and how it will [...]

Bringing a Foreign franchise to the United States

American franchises aren’t just reaching across the globe; foreign franchise opportunities are moving into the American market. Foreign franchises are drawn to the United States because of Americans’ acceptance of franchising as a profitable method of doing business and the vast market that can be reached within one country. Foreign franchises may be more willing [...]

Disadvantages of Being a Franchisee

For every advantage of the franchise system, there seems to be a disadvantage. This will turn off some of you, but, again, that’s fine. It’s better to realize now, before you’ve committed to a franchise, that it just doesn’t suit you. But, even if you do grab some great franchise opportunities and go ahead [...]

Characteristics of a Successful Franchisor

When you’re looking at prospective franchisors, you need to know what to look for. Keep these characteristics in mind as you do your research to find any franchise opportunities.
Well-managed franchisors have:
- A good product or service with a high reputation. The brand must be built on something solid.
- Broad geographic appeal. Your brand is worth [...]

Why Franchise Your Business?

Life is all about pursuing one’s dreams in a manner that has integrity. Success is the progressive realization of a worthwhile dream. Some of that dream may involve building a business. You can do this as an employee, as an independent entrepreneur, as a franchisee, or as a franchisor.
Franchisors find that the relationships that [...]

Franchisee Advisory Councils

To help ensure that franchisors are attending to their many franchisees, many have set up support structures that allow franchisees to have input into the franchise system’s operations. Some franchisors create franchisee advisory councils, or FACs, which take care of franchisees’ concerns and provide a forum for discussion.
FACs grew out of the recognition that franchisors [...]

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