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Myth of Franchise
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.
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Financing A Franchise
A franchisee can avail of many sources for financial assistance in starting up the franchise business. This can be in the form of a bank or other financial institutional loan, a loan from a family member or friend, or the franchisor might assist with funding for the franchise start-up costs.
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Franchising: The Stepping Stones
Read this article for an overview of the key steps you will have to take when deciding on investing in a franchise or business operation. Remember every franchise business model is different and unique and will have different criteria. It is up to you to take the relevant steps to find the perfect franchise to suit you.
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Assessing the Franchisor
When assessing a potential franchisor you should follow the checklist provided in this article to clearly define the franchisor’s credibility. The Franchisor…
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Evaluating Yourself
You should take the time to assess your individual skill set strengths and weaknesses before deciding to invest in a franchise or business opportunity. Use this on-line assessment to define your skill set strengths and weaknesses…
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Assessing the Business Type
You should check that any franchise or business opportunity you are interested in investing in, is a genuine franchise or business operation. Use the checklist provided here as a guide to asking the right questions about a franchise investment before investing your hard earned money.
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What the Franchise Agreement Should Include?
View this article on the key clauses that should be included in the franchise agreement. The following six clauses – training, brand or intellectual property protection, support, business system improvements and Marketing and PR- should be included as obligatory within the Franchise Agreement.
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Starting Your Own Business
Read this article on key tips relating to how you go about setting up your own franchise operation. Key issues are finance, franchise costs, location and most importantly a realistic and fool-proof business plan should be drawn up by you.
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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…
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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.