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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.
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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.