FranchiseGator.com. If you're considering a franchise opportunity, you probably have a billion questions.
What are the things I should look for in an opportunity? How do I get financing for a franchise? How do I determine what franchise is right for me? What is an FDD, anyway? Well, lucky for you that Franchise Gator has been helping entrepreneurs like yourself for over 10 years now - so we have answers! You Can't Fake It: Online Reviews Gotta be Real! News flash - user reviews can make or break a business. You're the Boss: Here's What You Shouldn't Be Doing As the head of a small to medium sized business, you wear a dozen hats and some, well, they just don’t fit. 5 Questions Business Owners Should Be Asking About Healthcare Reform (Plus Some Answers) Confused about healthcare reform?
Hope is Not a Strategy: Realistic Goal Setting To succeed in business, you've got to be an optimist. Is Franchising Right For Me? How Do I Start a Franchise? - Franchising Your Business. 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. 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. Jeff Elgin has almost 20 years of experience franchising, both as a franchisee and a senior franchise company executive. 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 Start a Franchise Business. May 11, 2011 at 8:28 PM, By Stephan Baldwin | Updated May 11, 2011 | 1 Comment(s) There is no question that there are clear guidelines to consider when shopping for a franchise opportunity.
There are personal guidelines for you to consider on your end.and there are certain elements you are looking for in the franchisor, too. Your own personal checklist might look like this: Of course there is a checklist regarding the franchisor, too: The franchise organization is financially healthyThe litigation history is acceptable and has been explained satisfactorilyThe organization has had consistent franchise growthThe organization has a strong Franchise Owner's Association that works in concert with managementManagement shows an openness to new ideasEarnings Claims are available and satisfactory, or if not available, franchisees are willing to help you to understand the financial pictureFranchisor requires franchisees to work the business full time or not. And it needs to "click! " How Franchises Are Going Green. What Franchise is Best For Me? September 29, 2011 at 4:13 PM, By Farrah Kennedy | Updated September 29, 2011 | 0 Comment(s) If you like the idea of being self employed yet entering the marketplace with an already established business then a franchise might be a good opportunity for you.
However, there is a lot to learn about franchises before taking a leap into this entrepreneurial world. Your previous business experience, amount of investment, and personal preferences will play a huge role in whether or not you are suited for a franchise. Plus, you will need to have a franchise idea to help you get started. All franchises have the possibility of being lucrative and they all have the possibility of failing. Before choosing the type of franchise you want to open you will need to consider your business experience, the investment you can make, and what you would enjoy doing. How to Start a Franchise, Starting a Business Article. Tariq Farid didn't start out trying to become a franchiser.
He just hoped to start a successful retail business selling bouquets made from cut-up fresh fruit. But from its earliest days, Farid's business had at its core what every successful franchise needs: a concept. For a year before opening the first Edible Arrangements, in 1999, Farid worked on perfecting his idea of edible bouquets. He tested different fruit-cutting equipment to find what would best transform cut pineapples, honeydew, and cantaloupe into attractive flowerlike petals and decorative leaves.
(And Farid knows his flowers: He started the first of four floral shops when he was 17.) The Boss - From Tariq Farid, Bouquets That Bear Fruit. Shop Fruit Bouquets & Fruit Arrangements from Edible Arrangements. Edible Arrangements® Franchise Opportunities. Edible Arrangements Int'l. LLC Franchise Information. At a Glance Products & Services: Sculpted fresh fruit bouquets Number of Locations: 1,152 Total Investment: $156.99K - $276.98K Founded: 1999 Began Franchising: 2000 About Edible Arrangements Int'l.
At age 17, Tariq Farid borrowed $5,000 from his parents to buy a flower shop in East Haven, Connecticut, and within two years, he was running four flourishing stores. Edible Arrangements began franchising in 2001. Franchise Units Where Seeking Franchisees: Franchisor is seeking new franchise units worldwide. Startup Costs, Ongoing Fees and Financing Total Investment: $156,999 - $276,984 Franchise Fee: $30,000 Ongoing Royalty Fee: 5% Term of Franchise Agreement: 10 years, renewable Veteran Incentives: $10,000 off first-store franchise fee Financial Requirements.