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Guide To Buying A Franchise

Introduction to Franchising

For a brief history overview of the origins of franchising and how it all started, click on the link provided.

What is Franchising?

Do you know what “franchising” is? Find an up-to-date summary of franchising and what it means for potential franchisees.

Definitions of Franchising

Do you know what “franchising” is? Find definitions of the term franchising by clicking on the link provided.

How Does Franchising Work?

Do you want to know how a franchise system works? You can find out by clicking on the link provided. Read an explanation of the franchise system plus a real-life franchise success story highlighting how franchising works.

Advantages of Franchise Ownership

There are many advantages of franchise ownership, which outweigh the disadvantages in the long run. Advantages include being your own boss; tried and tested business model; recognized brand name; expert training and on-going support; large market potential; exclusive territories and much more. View Coffee Republic’s inspiring success story on franchise ownership…

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Franchise Success – First Know Yourself!

When choosing to invest in a franchise or business opportunity, you must first assess your personal and professional skills and decide what your strongest and weakest skills are. List your skills by order of preference, so if you like organising; list this as your priority skill. Knowing who you are and what you’re best skills are will be a determining factor in what franchise or business opportunity you decide to invest in.

Finding and Assessing Franchise Opportunities

This article lists the sources you can avail of on-line, in researching and finding the right franchise or business opportunity for you. For more information on real life franchisees and how they discovered the perfect franchise for them, view Finding Explorer Travel Franchise Success story.

Assessing the Business Proposition

If you would like to know more information about the business proposition and how it is defined, please click on the link provided. This article provides a check-list of the main articles you should be analysing in the business proposition.

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The Franchise Agreement

After analysing the business proposition and discussing relevant details with your solicitor, you should then feel ready to sign the Franchise Agreement. But what is the franchise agreement and what clauses should be stated within the agreement. Find relevant information here…

Franchise Funding and the Business Plan

One of the most important elements of your franchise research is to assess how much funding you are going to need to set up and operate the franchise. You should have clear financial objectives and this should be stated within your Business Plan. A business plan will clearly define what your financial costs will be for the first-year of the business.

Finding a Business Location

After analysing the franchise agreement, it should state if you require setting up the franchise within a specific location. Location of your franchise is central to the success of the business in the short and long term of its operation. Read this article for key tips on choosing the right location for your business.

Home-Based Business

A home-based franchise can offer you the time flexibility you need to combine, for example, your unique family and work-life balance. There are many benefits to working from home, which are discussed in this article.

Expanding to Multiple Franchises or Territory Licences

This article applies to existing franchisees who are now looking to buy into a much bigger franchise or business opportunity- multiple or territory licenses. To find out more information on what are multiple franchise and territory licenses, click on the link provided.

Summing up the Steps to Success in Franchise Ownership

View these key points in assessing your franchise research for your perfect franchise or business opportunity.

Myth of Franchise "Guaranteed" Success

View an explanation of the myth of franchise providing a guarantee for a successful business. A franchise can be very successful only if the franchisee is willing to work hard and is committed to the successful operation of the business. This is combined with a proven business model that works, all this adds up to a potentially successful franchise business.