At some stage during your franchise journey you will need to outsource some kind of products or services. These can range from the printing of brochures and stationary, to parts or ingredients and items or ranges of stock. You need to be able to guaranty supply or else you run the many risks with your […]
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The first Franchise has been sold – well done. You have a Franchisee ready to go and keen to get started. Don’t make the mistake of thinking that you’re now highly successful and all the hard work is over. In reality, you have just begun! Training Franchisees in proceedures and systems is now very important. […]
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The business plan and business planning – words that strike terror onto the heart of many small business owners (and some big ones too!). Most people find this a bigger challenge that actually operating the business. The truth is you probably have most of the elements of the plan organised. Things like sales targets, budgets, […]
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Are you a potential Franchisee? Purchasing a Franchise can be a very positive step in running a business and having the additional security that goes with being a part of a Franchise business. However franchising isn’t for everyone. You need to satisfy yourself that the franchise that you are looking to purchase is suitable for […]
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Have you “Got What It Takes” There is no doubt that franchising is a good way to run a business. It has many attributes that make it appealing for both the Franchisor and the Franchisee. Like anything, there is more to franchising than meets the eye and it takes some effort and understanding to be […]
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The Franchise Disclosure Document is one of the fundamental foundations of your franchise. Unfortunately – in some cases, the Franchising business model has been tainted by individuals seeking to make some quick money at the expense of others and in doing so have not only bought their own franchise into disrepute, but also Franchising in […]
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Being a Franchisor and having a high level of Franchisee Management means not only running your own business, but looking after Franchisees as well. In many cases, Franchises grow to a stage where they employ specialist staff in roles that are focused on looking after and managing Franchisees. There are many benefits to managing Franchisees […]
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In any business, your franchise staff can make your business work or cause it crumble. They are at the front line, providing great (hopefully!) customer service, exposing your brand and your company values. Your franchise will get one opportunity to impress customers, and if your frontline staff can’t or won’t do it then you rarely […]
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Like it or not, your business and Franchise will rise and fall on the strength of your relationships – with your Customers, Franchisees and Suppliers – to name a few. Keeping thise good relationships is now fundamental to your Franchise. Franchises rely to varying degrees on outside supplier and wholesalers providing goods and services to […]
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In this next series of posts, we’ll outline the factors that you need to be mindful of when you’re franchising….Building a Foundation for your Franchise. To a very large degree you are selling your system and everything that goes with it. Put simply: franchise buyers want the formula of your business and are prepared to […]
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