Archive for November, 2007
Indoor Tanning Rapidly Growing Along With Benefits
The indoor tanning franchise industry is growing at a steady rate since the 1980s. It has incredible growth potentiality, but what trouble the industry are the reports of indoor tanning causing skin cancer. Supporters, on the other hand, say that the opposite is true - tanning actually prevents the spread of Melanoma, the most dreaded skin cancer in the …
How Long Before You Make a Profit In Your Franchise Business?
The reason why people go for franchising business in place of independent business is because the success rate is much higher in the case of the former one. When you follow the proven and successful business plan of another company instead of developing one for yourself, you expect profits to show up early in your entrepreneurial career. But remember, there …
Franchisee/Franchisor Relationship Is Strictly Business
In the world of franchising, the most important thing on which the success of both the franchisor and the franchisee depends on is the relationship between them. Many analogies have been given regarding the nature of the relationship; it has been compared with matrimony as well as with the parent-child relationship. But, the fundamental difference is that all of the …
Franchisee Fees Explained
When you become a franchisee, there are mainly two fees that you pay to your franchisor. One is the franchisee fee which is one time; other is service fee or royalty fee, the main revenue earner for the franchisor. It is the fee you have to pay as long as you remain a franchisee. It varies between nothing to twenty …
Webinars Make Franchising Business Chats Easier
The Internet has changed the way the franchising industry works. From getting information of franchises to applying for them, the Internet has come up as the most preferred form of communication. Now, it has gone one step ahead with webinars that are like on-site seminars, but held over the net. It has made communication between franchisors and franchisees easier; they …
What Personality Traits Tell Me A Franchise Is Right For Me?
One of the most cherished American dreams is to become a successful entrepreneur and many of us think of becoming one someday. With franchising business experiencing a higher success rate than others businesses, we feel tempted to start some franchise that appeals to us. But not everyone is cut out to be a franchisee. So, before jumping into the …
Tutoring Segment of Child Education Franchise Industry Growing Rapidly
September is a dreaded month for the student community in the United States as Scholastic Aptitude Test (SAT) starts in this month. This is one test that will change their future forever as SAT scores are the keys to unlock the doors of colleges. The way student population is increasing; soon there won’t be enough college seats to accommodate them. …
How Franchising Works
After a business succeeds in one place, it needs to go through the phase of expansion and that’s why the existing business is promoted in a new place. Most of the time, the parent company will look for a partner in the new place to reduce the costs and hassles of opening a new branch. This can be said as …
The Franchisor/Franchisee Relationship Explained
The franchisee/franchisor relationship is sometimes equated with marriage and occasionally, with parent-child relationship. Whatever be the business model, in order to become a successful franchisor, you need to have successful franchisees. There are many things that franchisors must do to ensure that the success of franchisees grow steadily. The first thing, of course, is carrying out effective two-way communication with …
UFOCs: There To Protect Potential Franchisees
The unethical business practices of some franchisors, especially in the 1960’s and 1970’s forced the federal government agency to come up with a new guideline to safeguard the interests of new franchisees and budding entrepreneurs. Hence, the Uniform Franchise Offering Circular (UFOC) arrived that every franchisor, irrespective of its type, size or name, has to submit. It is a …
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