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Franchises Uncovered: The Truth Behind The Franchising Industry.
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FRANCHISE
How do you choose the right franchise from the start?
Franchise Article
Burgers And Bulldozers: New Franchise Roundup
With hundreds of new franchise concepts being started every year, it is nearly impossible to keep track of the freshest ideas. Here is an update of two new franchises and how they have fared in their first several months of franchising. The Counter...
How do you choose the right franchise from the start?
Once you have decided a franchise is the right route for you, how do you choose the right one? To choose the franchise that is right for you and that will fulfill your business dreams, you must know yourself, your skills, and your dreams and aspirations. You must begin the process by analyzing yourself. You can start by investigating into various industries that interest you. Once you have narrowed down the choices to a few industries, study your geographical area and determine if there is a market for that type of business. If so, follow a research plan and begin contacting the franchise companies that you believe have potential in your area. Any reputable franchisor will send you extensive information about their business at no cost.
After you receive this information, which is usually disclosed in the offering circular (also known as the Uniform Franchise Circular Offering or UFOC), you have to read it carefully. Read between the lines and do your research. You can go to the library, look online as well as in professional
Franchise Article
Hot Franchise Opportunities
A franchise is a license to use a trademark in exchange for payment of fees or royalties and involves some material assistance from the trademark owner. The typical business franchise provides the franchisee with a complete operating system that...
journals, trade magazines, reference books, government publications, and annual public corporation reports. Check with the Federal Trade Commission (FTC), the state franchise authority, and the local Better Business Bureau to see if there are any problems with the company. You can also contact local chambers of commerce or business development organizations and see if they can supply information pertinent to you research. Try to determine if this company is doing well in terms of its financial health, management, reputation, and growth prospects.
After you have read the offering circular, ask the franchisor for a list of franchisees that you can contact. Current franchisees are a great resource and can give you detailed insight on how the company is really doing, what to consider before and after you get into the business, and other critical information. You should visit franchise stores and corporate headquarters to uncover any information that will help you make your decision. Assemble a team of professional advisors, including a franchise attorney and an accountant. They can help you answer
Franchise Article
Choosing the Right Franchise
Meet the franchisor and as many of the people in the operation as possible. Ask yourself how you feel about them, do you like them, trust them, enjoy their company? Do you want to “partner” with them for a long period of time as you develop and run...
technical questions and will be a useful resource throughout the research process.
© 2002-03. GlobalBX. http://www.globalbx.com. All rights reserved. Buy a Business or Sell a Business on GlobalBX. GlobalBX is a free business for sale listing exchange that provides a confidential forum to facilitate the buying and selling of businesses with thousands of businesses and franchises for sale as well as comprehensive business information for business buyers and business sellers. Lists businesses for sale, business brokers, and franchise opportunities.
About the Author
Jim Brown is Director of Marketing at GlobalBX, http://www.globalbx.com. Buy a Business or Sell a Business on GlobalBX, a free business for sale listing exchange that provides a confidential forum to facilitate the buying and selling of businesses with thousands of businesses and franchises for sale as well as comprehensive business information for business buyers and business sellers. Lists businesses for sale, business brokers, and franchise opportunities.
FRANCHISE ARTICLES
How Turn A Franchise Agreement To Your Advantage |Social Networking The New Way To Build Your Business Franchise |Why Every Franchise Should Use Electronic UFOC Distribution |Franchise Opportunity Questions To Ask The Franchisor 41 |Finding the Right Franchise |Franchise Company Operations Manual Sample Outline |Franchise Opportunity Questions To Ask The Franchisor 38 | Franchise
ENTREPRENEUR ARTICLES
Small Business Entrepreneur Home Based Rich And Happy |Is There An Entrepreneur In You |Characteristics Of A Successful Entrepreneur |Is it Possible for Anyone to Be A Successful Entrepreneur |Times Are Changing for Woman Entrepreneurs |Successful Young Entrepreneur Makes First Million In 10 Months |What s A Successful Entrepreneur | Entrepreneur
HOME BUSINESS ARTICLES
Free Help Starting a Home Business |Diary of Beginning Home Business Entrepreneur Part 1 |Is A Consumer Printer Sufficient For Home Business |Home Business Network Marketing |An Ideal home business Home Page |Your Work at Home Business |Faster home business profits | Home Business
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