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House Prices Go Up and So Could Property Franchises
Irish residential property prices are expected to rise by 6 per cent this year, according to a new Standard and Poor’s (S&P) forecast which suggests Irish GDP growth will be between 0.3 per cent and 0.7 per cent lower next year due to Brexit.
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The Franchisee & Franchisor
This article lists the key financial fees both a franchisee and franchisor will have to consider before investing in a franchise opportunity (franchisee) or deciding to franchise a business (franchisor).
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Assessing the Franchisee
View the following checklist in how you should assess potential franchisees interested in investing in your franchise operation…
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Procedure for Selecting Franchisees
View the following list of relevant questions and the procedure in which you should ask these questions to assess potential franchisees abilities and skills and if they are suitable representatives of your franchise operation.
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Master Franchises: Benefits & Demands
Master franchises give people with significant funds to start a business a degree of power, as they will be in charge of the other franchises that are established in a specified country or region. View this article for a list of the benefits of Master Franchise Licences and the demands placed upon a Master Franchisor.
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Multi-Unit Franchising
An individual or company acquires the right to establish a series of franchised units over a specified amount of time. These units will usually be located within an exclusive territory. The franchisee operates the units according to his/her own account.
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2. Operation of a Pilot Franchise
A pilot franchise is a very good idea for potential franchisors to undertake before committing to franchising the business. It allows the potential franchisor to assess the business model and its attributes before deciding it is worth the investment to expand the business.
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3. Developing the Franchise Package
View these nine central points you must consider and incorporate in your franchise package. Use this list as a reference guide when you are developing your franchise business system.
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4. The Operation Manual
The operation manual is a very important series of documents that provides in written form, the complete method for conducting and operating the business network, and in setting out clear objectives for both the franchisor and all franchisees involved in the franchise network.
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Franchising as a Means of Business Expansion
Franchising a business has many advantages for the franchisor, which include earning capital incurred from franchisees investment to help the franchise network expand and develop. Secondly franchising a business can help your business idea grow and incorporate people who are just as motivated about the business as you are.