There are a number of reasons for people to shy away from franchising. Is franchising a good idea? Firstly, most people have no idea what franchising really involves. They know that they need to work out fees and territories and that they need a legal agreement but that is about it.
Businesses should have franchising in mind from the beginning. However, this is said with some provisos. If you’re asking yourself, ‘should I franchise my business right now’, then read this first.
I cannot stress enough how essential it is when it comes to selecting the right franchisees to run your outlets. You need people who will take complete responsibility for delivering your product or service to your valued clients in the way you specify. Every franchise outlet needs to look the same, feel the same and offer the same level of service.
As a franchisor, you need to implement a good induction process and follow it up with a great training and support system. Following the correct steps in franchising a business is essential.
A Franchise Simply Radio Show with Paul Dunn from Buy1Give1 Many of the most successful franchises are not complex but are based on simple concepts which connect to people and give them what they want. The things that move us are actually tiny. As Seth Godin, in his book Purple Cow, has said, we are … Read more
So often I am asked, “What is the difference between licensing and franchising?” Usually followed very fast by the statement, “A license is so much easier and faster to set up and so this is the way I want to go.” And you are right, a license is easier and faster to establish than a … Read more
First of the disadvantages of a franchise: Losing your autonomy can be scary for some when going into franchising. Rather than changing plans, business models, and rules whenever you like, your group of franchisees will scrutinise you for every decision you make. If you are not delivering on what you have promised them, things can turn sour very quickly.
Being a franchisee takes a lot of this weight off your shoulders, since a lot of the hard work has already been done for you. While it does take some time, effort, and start-up capital to get your outlet open, there are a lot of benefits to becoming part of a franchise. Read below to learn about the benefits for a franchisee.
Franchising has been around for many years, and has proven to be an excellent way for businesses to expand. It allows individuals to own and operate their own business under a business model that has been tried and tested, and ideas can be bounced between franchisor and franchisee to gain greater success. Deciding to become … Read more
Our quest is to continue to help business owners who want to grow their business into a more valuable asset.
We do this through a number of our enterprises.
Through Franchise Simply® we help business owners who want to grow their business into a more valuable asset through franchising. The team of expert advisors at Franchise Simply® does this this through our simple three step Franchise Success Path which can be delivered in many different ways to suit you. We work closely with our team of leading franchise experts to provide the full range of services to the franchise industry, from carefully crafted legal agreements and operations and procedure manuals, to expert advice on corporate structures, fee structures, territory planning, franchisee support, recruitment and much more…The result - our members implement fast and get everything they need to succeed all in one place. Click here to join our inspiring community of entrepreneurs and you can be our next success story.
We believe in giving back and so a percentage of every program is given to MicroLoan Foundation Australia to help women in Southern Saharan Africa to build businesses and take their families out of poverty. To date we have helped provide over 60,000 loans impacting on 355,000 impoverished people.
