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Assessing the Business Proposition
You should assess a franchise business proposition according to the checklist provided here, and ask the relevant questions when analysing the business proposition.
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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.
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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 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.
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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.
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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.
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Franchise Direct at the Franchise Show 2016
On Friday September 9th, the main hall of Dublin’s RDS was transformed into a hub of activity and advice for franchisors, franchisees and anyone interested in going into franchising.
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What is Franchising?
Do you know what “franchising” is? Find an up-to-date summary of franchising and what it means for potential franchisees.
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Definitions of Franchising
Do you know what “franchising” is? Find definitions of the term franchising by clicking on the link provided.
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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.