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Franchising
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Franchising Companies Relationship Strategies
Franchising Corporations need to maintain an iron fist when it comes to certain things in order to maintain absolute integrity of the system; Consistency, Quality, Cleanliness and Customer Courtesy or Service. Ray Kroc in his book; “Grinding it Out” made that point perfectly clear, some called him a hard ass on the details and indeed it served him well and turned 11,000 franchisees into millionaires along with some 1500 executives early on.
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International Franchising
Franchising has gone international in various sectors. The world seems to be getting smaller as more and more companies scan the globe to put up franchise operations. The international franchise market has expanded to a large extent during the past few years. Countries throughout the world seem to be participating in the growth of industries that was previously specific to a particular country only.
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Franchising and New Franchisee Set-up
Many new franchisors fall down in the franchisee set-up phase. This is the phase where the new franchisee has paid their fees and is now entering the system. They will either be getting equipment or building out a location.
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Franchising with Regional Team Managers and Partners
Many franchise consultants shy away from such advice as securing master franchises as a plan for expansion with a new franchising company. This is because the legal issues and the litigation are tough to deal with and for that kind of liability there just is not enough money in it.
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International Franchising; Did You Read the Agreement?
Perhaps this may amuse you in some way. Did you know one of the ways that international franchisees of a US based franchisor often try to get out of the franchise agreement is by saying that they did not read it or could not read it?
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Franchising is Not as Easy as It Looks
Many entrepreneurs wish to build up their companies and franchise it across the region, then state, then country and then the World. Well sure sounds good but it is not so easy. First it costs a lot of cash up front, about a million dollars to do it right. Then there is an abundance of lawyer fees
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Franchise Sales; Starting a Franchising Company and Selling the First Unit
Many executive business management teams with to propel their product or service through the marketplace and their brand name through franchising. This makes sense for many reasons, although we must also consider that franchising is a highly over regulated industry. To top it off, it is not easy selling franchises. Why is that you ask?
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Business Case Study; Franchising State Registrations and Litigation Risks
For those companies considering franchising it is wise to carefully chose where you wish to franchise. Some states are completely litigious and problematic such as NY, MD, NJ, CA, TX, WA, IL and CO. States such as GA, NC, VA, NV, AZ, OH, OR, FL, WI, MI, TN are becoming more so. To top things off there are 13 registration states where Franchisors must file their UFOCs Uniform Franchise Offering Circulars
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Why A Franchising Opportunity May Be Beneficial To You
If you're interested in buying a franchise, or you've seen a good franchising opportunity, the internet is always a good starting point. There you'll find loads of businesses that are looking to attract franchisees, as well as details of the level of independence you can expect and the amount you'll have to pay for the privilege.
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