Posts Tagged franchising 101

What are the five biggest mistakes that most people make when franchising?

What are the five biggest mistakes that most people make when franchising?

In my mind, the following mistakes in franchising all come under the umbrella of not understanding what a franchise is all about. Mistake One Thinking the existing business will form the franchise outlet and only getting a legal agreement and operations manual based on that. Invariably, to

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Does franchising change when you’re taking on franchisees from other states or countries?

Does franchising change when you’re taking on franchisees from other states or countries?

Expanding interstate or internationally definitely has different requirements which need to be accommodated. There are a number of things to think about and it definitely helps to be open-minded and flexible to change. Read on to learn more about taking franchisees from other states or countries. The need

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What holds people back from franchising – Part Two

What holds people back from franchising – Part Two

Most business owners think about small business franchising as a way to grow but I find most just don’t take the step to make the necessary changes. Over the years I have found there are a number of reasons. To do this topic justice, I have written

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What holds people back from franchising – Part One

What holds people back from franchising – Part One

Most business owners think about franchising as a way to grow but I find most just don’t take the step to make the necessary changes. Over the years I have found there are a number of reasons. To do this topic justice, I have written two blogs,

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Why can franchising be such a daunting experience for people

Why can franchising be such a daunting experience for people

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

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When should a business start thinking about franchising?

When should a business start thinking about franchising?

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. The thing about franchising a business is that a franchisor is responsible, not just for running

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What have you learnt about selecting the right franchisees

What have you learnt about selecting the right franchisees
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 needsRead more

Once you have signed a franchisee

Once you have signed a franchisee
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. Keep the following points in mind when franchising a business: Base your model on a goodRead more

The Huge Power of Small

The Huge Power of Small

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

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The Difference Between Licensing and Franchising – Does It Really Matter?

The Difference Between Licensing and Franchising – Does It Really Matter?

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

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