Franchise How-To Guides. Burger King is rolling out less-fattening French fries called 'Satisfries' but will still keep its traditional fries on the menu. How to Research and Buy a Franchise What is a franchise opportunity and how do you investigate the myriad choices available? And once you choose the one you want, where do find the money to pay for it? Our easy-to-follow guide offers all the information you need to find and buy a franchise. More Franchise How-To Guides What Makes a Good Franchisor Sure, the franchise you're interested in may have a great concept and a record of success in its field. Low Cost Business Opportunity - Low Cost Franchise Opportunity. Looking to buy a business? Browse through our collection of franchise opportunities.
When choosing a franchise, you want to find a business that produces quality products and services for consumers. Some factors to consider when choosing a franchise are the initial investment, capital requirements, business financing, current trends and the amount of time it will take to get your business up and running. Browse through our top business opportunities and request more information on the franchises that interest you most. Featured Opportunities Caring Transitions Aging Seniors create exploding market in liquidations of personal belongings for huge home-based franchise opportunity.
Chem-Dry Cleaning An industry leader, ranked #1 in the carpet cleaning franchise category in Entrepreneur's Franchise 500 listing! Live Chat Commercial Capital Training Group Our one-of-a-kind training program allows you to successfully enter the lucrative world of commercial financing. Eye Level FranChoice FranNet Kumon. But Will I Make Money? Guidant Financial specializes in helping entrepreneurs purchase new franchises using their retirement funds. OK, so you think you're ready to buy a franchise. You've done some research. You've weighed the pros and cons. You've selected a business with an interesting product. You even know what you'll wear to work and how many hours you expect to be there.
Yet in spite of how much preparation you've done, you still don't know the answer to the most pressing question: Will your business make money? No franchise company--no matter how glorious its track record--can guarantee financial success. 1. 2. 3. 4. 5. 6. 7. 8. Scroll to Item 3 in the FDD, Litigation. 9. Franchise Research Institute/FranSurvey CEO Jeff Johnson suggests beginning every conversation by stressing that you will keep their answers and opinions confidential. Jim and Vera Duchak called 14 franchisees before opening a Right at Home franchise in Zelienople, Penn. So, will your franchise be profitable? Like this article? How to Franchise Your Business - expanding your business - Entrepreneur.com. Is franchising the right expansion strategy for you? We'll help you ask the right questions--and find the answers. Do you think your business is unique? Are your friends, family--and, more important, your customers--telling you every day that you should franchise your business?
They may be right. But are you sure you really know what franchising is all about? Is your concept really "franchiseable"? How does one go about franchising? How Franchising Works Generally speaking, franchising means opening additional outlets through the sale of franchise rights to independent investors who will use your name and operating system. Perhaps most important from your perspective, a franchisee furnishes all of the capital required to start the business and assumes all risk for success or failure.
Why Franchise? Let's look at the issue of capital first. And what about running company stores? You expand using someone else's money. Is Your Business "Franchisable"? Do you have a point of differentiation? How Do I Start a Franchise? - Franchising Your Business - Entrepreneur.com. Keep in mind these requirements when you consider making the move from business owner to franchisor. Q: I've got a great business that I think would be perfect for franchising. How do I get started as a franchise company? What kinds of advisors will I need and where do I find them? Is there a good source of information for me to start with? A: Congratulations on building a successful business.
It is exciting that you are considering using franchising as a method of expanding your brand and operations. You have some great questions so let's discuss each in turn. First of all, one of the best starting points for researching this idea is the International Franchise Association (the IFA). Starting a franchise company is not an easy or inexpensive process. Legal. The final thought I'll leave you with is a word of caution. The rewards and satisfaction of building a successful franchise company are incredible but so is the price that you'll pay to reach this goal. Want to Be the Next Subway? Avoid These Costly Franchisor Mistakes. This advice may save owners looking to franchise their businesses some money and headaches. I've seen hundreds of businesses succeed at franchising.
I've also seen a number fail. While the paths taken by the successful are many and varied, the paths to franchise failure are surprisingly predictable. Failure, like success, does not happen by mistake. It happens because people made the wrong choices. Unfortunately the mistakes we make in business are often avoidable. Here are six common mistakes companies make when seeking to franchise their business. 1. Franchising is like business on steroids. There are literally dozens of these make-or-break decisions that an entrepreneur needs to make when structuring a franchise offer. Related: Entrepreneur Magazine's 2011 Franchise 500 Ranking 2. This could not be further from the truth. But even if its competitor did a good job of planning -- and there is no guarantee that it did -- the new franchisor's circumstances are different. 3. 4. 5. 6. Buying a Franchise Business.