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Selling Franchises 12 Oct 2012 | 11:35 pm
There are two aspects to selling franchises. The first one involves doing everything reasonably possible to get the attention of prospective franchisees and then vetting them to ensure that you end up...
Franchisor Mistakes: How to Avoid Making Them 5 Oct 2012 | 11:32 pm
Most first-time franchisors are unable to turn their independent businesses into successful franchise businesses. Much of the time, this is because of franchisor mistakes that they make along the way....
Franchising Risks: Identifying Them and Minimizing Them 28 Sep 2012 | 11:29 pm
Like any other business endeavor, franchising brings with it risks and benefits. Identifying the biggest franchising risks and trying to minimize them is likely to increase a franchisor’s chances of s...
Franchising Guide 21 Sep 2012 | 11:25 pm
In order to turn your business into a franchise company, you need to have a set of recommendations to follow: you need a franchising guide. It doesn’t have to be a single, comprehensive text offering ...
Franchise Territory 14 Sep 2012 | 11:23 pm
A franchise territory is a region within which a franchisee has the right to locate his or her franchise unit. You could call it the catchment area for a particular franchise unit’s customers. If the ...
Franchise System Success 7 Sep 2012 | 11:21 pm
Is there any sure formula for franchise system success? The safest answer to this question is “No.” In business, there are never any guarantees when it comes to systems involving contextual factors li...
On Franchise Royalties 31 Aug 2012 | 11:18 pm
Franchise royalties are regular payments made by franchisees to a franchisor for the right to continue using the franchise company’s copyrighted materials and ideas. It is important to note that franc...
Franchise Package 24 Aug 2012 | 11:15 pm
A quick internet search will reveal the term “franchise package” to be used in a variety of ways by different business entities. Some use it to refer to the documents initially given to those who are ...
Franchise Expansion 18 Aug 2012 | 02:12 am
Deciding whether to franchise your business in the first place is distinct from franchise expansion. The former entails a variety of steps to determine whether your business would succeed as a franchi...
Franchise Basics 11 Aug 2012 | 02:09 am
Franchising your business is not easy. Even with a checklist of franchise basics to keep you on track, it is a long, drawn-out process. It also involves a lot of research, preparatory work and require...
