Franchising is not for everybody, and it is important that you know what the drawbacks are before making any sort of commitment. As I explain in this video, it can be an inflexible method of doing business as each Franchisee is bound by the franchise contract to operate the business ...
Read MoreCategory: videos
This is a question I get asked all the time. The answer is: by asking a lot of questions, both of the Franchisor and–just as important– of yourself. Franchising is a fabulous business but to really succeed you need to consider these questions: Have you ever run your own business before? ...
Read More
If you are planning to franchise your business you’ll need the services of a reputable franchise consultant–someone who knows the market and will put his integrity above self interest. In this video I tell you where to look and how to get the best advice.
Read More
Buying a Master Franchise is a major undertaking. A master license is usually much more expensive than the cost of a local or “unit” franchise and you’ll need deep pockets to promote it properly. Equally important, you’ll need to convince the Franchisor that you have the management capability to run ...
Read More
After launching my first eBook I was interviewed for Vision News by Dermot McConkey, sales trainer and personal development specialist. In this video I explain where the motivation came from to write the book, what franchising is all about, and what people can learn from it. TF-14 Vision Media News ...
Read More
When money is scarce and banks aren’t lending, should a Franchisor help a prospect to sign up by financing part of their initial franchise fee? The question was put to me by a client who has dozens of prospects interested in his franchise but who find it difficult to come ...
Read More
This is the “bible” of the franchised business and forms a big part of the franchise contract. It is the Franchisee’s primary source of information and guidance and should contain a detailed description of the Franchisor’s system and how to operate it on a daily basis.
Read More
Buying an existing franchise instead of a new one in a virgin territory can be a safer option for people reluctant to start a business from scratch. The advantages are significant. The business is already trading with cash flow, a brand presence, an established customer base, and systems and procedures ...
Read More
When money is scarce and banks are not lending, franchises in the lower price category–€10,000 to €15,000–can be particularly attractive. In this price range you’ll find most of the businesses you can run from home. In this video I explain the advantages.
Read MoreGiven the state of the economy you’d be forgiven for thinking franchising was in the doldrums. You’d be wrong. Despite the recession, franchising continues to thrive.
Read More