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First Prize Franchise is the world's leading franchise opportunity and small business resource. It is the proven winner with entrepreneurs requesting a direct source of franchise opportunities, businesses for sale and business opportunity information.

Archive for March, 2007

Written at 9:50 am on March 23rd, 2007

Where to Obtain the Best Franchise Advice You Will Ever Need

There are hundreds of different franchise opportunities out there. All their web sites look great and promising. Perhaps you have narrowed your choice to 3 or 4 franchises. Yet, you are still unsure as to which one will be best for you. So, how can you obtain the best franchise information you’ll ever get? Easily! From the current franchisees of …

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Written at 9:10 am on March 20th, 2007

How to Ensure Your New Franchise is a Huge Success

As a franchisor, you might be very content with opening over 100 franchises. For some, however, nothing short of world domination will be enough.

So, if you are a franchisor who pictures an amount of franchises on a much grander scale, you might wonder: What does it take to become the next McDonald’s?

Well, here are a few tips which will get …

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Written at 11:36 am on March 19th, 2007

Avoid Sales Killers

When owning a franchise business, possessing good sales skills it of utmost importance. Yet, there are many mistakes you could be making which leads to the utter failure of the potential purchase a customer may make.

Here are the most common mistakes salespeople make. Do not get caught making them!

Sales Killers:

1. Lack of professional appearance

In order for people to listen to you …

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Written at 8:38 am on March 15th, 2007

How to Improve the Effectiveness of Your Field Visits Part 2

The psychology of the field visit

While you may have sophisticated field management systems the most significant variable for producing good outcomes from your field support will always be the quality of the relationship established between franchisee and field manager. Checklists and systems alone will only ever make a minor impact.

Take for an example the relationship between a psychologist and the …

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Written at 8:35 am on March 15th, 2007

How to Improve the Effectiveness of Your Field Visits Part 1

Field visits are expensive and extremely time consuming for franchisors and franchisees. Here is how to make every visit count.

How field visits add value

Field visits are a necessary component of most franchise systems. If implemented by skilled people with a clear purpose and supported by efficient systems, field visits deliver the following benefits to a franchise system:

• Improve franchisee productivity - …

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Written at 8:33 am on March 15th, 2007

Tips on Franchising an Established Business

Franchising is increasingly being used by businesses as they realize the benefits that can be harnessed from the arrangement. Many successful franchises have established extensive operations throughout the country.

To growth oriented businesses, the main benefits of franchising include access to franchisee capital to fuel expansion and, local managers who are more motivated to perform because of their investment tied to …

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Written at 11:35 am on March 1st, 2007

Making the Right Decision

While there are many franchise opportunities for sale there are as many questions you might like to consider before making any important decisions. There are questions you can ask yourself as well as questions more specific to finding the right business.

Firstly, you need to consider whether you are suited to franchising. While you may possess the drive and enthusiasm required …

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