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What makes a good Franchise?
A good franchise or business opportunity will always be a member of The Irish Franchise Association accredited with membership and proven recognition of the business system. For more information on what makes a good franchise click on the link provided.
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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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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.
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1. Criteria for Franchising
The first issue a new franchisor must address before franchising its business, is to consider the following four key elements- longevity and potential of products/and or services; unique brand and business identity; model is easy to operate and capable management systems established- to make the franchise system work to the best of its ability.
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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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Is Franchising Right for Your Business?
Don’t even consider franchising your business until you have proved that your format really works. We've written the ultimate guide.