Best Franchise Opportunities
Best Franchise Opportunities
To those of you who think that a little more thought should go into choosing your next business venture, congratulations! You just took the first step on the road to success. You are right; if you want your franchise to get off on the right foot, you need to take the right steps forward.
First of all, you want to ask questions – lots of them – but more importantly, you want to make sure that your questions are being answered in a timely and professional manner. What would you think if you were on a date with someone and that person refused to answer any of your questions? Are they hiding something? Are they just not a ‘people person’? Either way, you probably wouldn’t want to date them. The same thing goes for franchisors – if they are not freely answering all your inquiries, take it as your sign to move on.
Another way to see if you are getting yourself into one of the best franchise opportunities is to look into what kind of training the franchise offers. Is there operational training to make sure you can actually deliver whatever it is you are supposed to be delivering? Are there any other training seminars offered on broader topics like human resource management? In addition to training, what kind of support does the franchisor offers its franchisees by way of locating a site, negotiating a lease, and dealing with design or construction issues? Chances are most new franchisees will not have any experience in these areas.
Instead of taking a company representative’s word for it, it would be wise to look for additional sources to back up what they are telling you. Does the company have a long history of litigation, and if so, what were the results? You want this record to be minimal at best. In looking at the company’s financial statements, what are its future prospects? Does continued growth, both of the franchise company and the individual franchise units, seem likely?
Finally, talk to some of the existing franchisees to find out what their experience has been like. Did they receive the support they were promised? Has communication with the parent company been open? Are they satisfied with the franchise’s marketing efforts (to which they will most likely be contributing)? Overall, are they happy with their decision to become a part of that franchise? It is doubtful that a franchisee who has had a negative experience will be able to keep his opinion to himself.
Finding the best franchise opportunities out there is never easy. But, by looking at all the facts before taking the plunge, you should be able to find yourself a good deal, and a deal that works for you.
Best Franchise Opportunities - To learn more about this author, visit Cynthia Gleeson's Website.
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Some people say it’s in the eyes, other say it’s all in the handshake. But, how do you really find the best franchise opportunities for you? Can you really decide your future based upon a potential franchisor’s handshake? I don’t think so, and if you do, well, good luck to you because you are most definitely going to need it.
To those of you who think that a little more thought should go into choosing your next business venture, congratulations! You just took the first step on the road to success. You are right; if you want your franchise to get off on the right foot, you need to take the right steps forward.
First of all, you want to ask questions – lots of them – but more importantly, you want to make sure that your questions are being answered in a timely and professional manner. What would you think if you were on a date with someone and that person refused to answer any of your questions? Are they hiding something? Are they just not a ‘people person’? Either way, you probably wouldn’t want to date them. The same thing goes for franchisors – if they are not freely answering all your inquiries, take it as your sign to move on.
Another way to see if you are getting yourself into one of the best franchise opportunities is to look into what kind of training the franchise offers. Is there operational training to make sure you can actually deliver whatever it is you are supposed to be delivering? Are there any other training seminars offered on broader topics like human resource management? In addition to training, what kind of support does the franchisor offers its franchisees by way of locating a site, negotiating a lease, and dealing with design or construction issues? Chances are most new franchisees will not have any experience in these areas.
Instead of taking a company representative’s word for it, it would be wise to look for additional sources to back up what they are telling you. Does the company have a long history of litigation, and if so, what were the results? You want this record to be minimal at best. In looking at the company’s financial statements, what are its future prospects? Does continued growth, both of the franchise company and the individual franchise units, seem likely?
Finally, talk to some of the existing franchisees to find out what their experience has been like. Did they receive the support they were promised? Has communication with the parent company been open? Are they satisfied with the franchise’s marketing efforts (to which they will most likely be contributing)? Overall, are they happy with their decision to become a part of that franchise? It is doubtful that a franchisee who has had a negative experience will be able to keep his opinion to himself.
Finding the best franchise opportunities out there is never easy. But, by looking at all the facts before taking the plunge, you should be able to find yourself a good deal, and a deal that works for you.
Best Franchise Opportunities - To learn more about this author, visit Cynthia Gleeson's Website.
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John PowerJohn Power, founder of Biltmore Franchise Consulting, has extensive experience developing and marketing franchises and business opportunities. He has been in and around franchising for over twenty years. From 1980 through 1990 he conceptualized, organized, and developed the American Video Association. He grew AVA to 2,000 national members, before selling the company it 1990. It was later merged into another home video marketing company. From 2000 to 2005 he worked as a contract marketing and human resources consultant to several local and national companies. In 2005 Mr. Power began working as a franchise development consultant on a full-time basis. Since that time he has helped more than three dozen companies initiate and develop their franchising program. He notes that there are many companies interested in developing a franchise program, and who need his specialized assistance. Mr. Power is a “hands-on” franchise consultant. He said, “I am the ‘nuts and bolts’ person who tends to the details for my clients.” Mr. Power holds a B.S. degree with a major in Marketing. See: www.biltmorefranchise.com You may contact Mr. Power at: jpower@biltmorefranchise.co - Visit John Power's Website |
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Anne BarrAnne Barr has over 26 years experience in sales and marketing, six years as a franchisee. She has assisted over 367 business owners and purchasers to achieve their goals in career change, transition and exit strategy. She holds the designation of Certified Franchise Executive from the International Franchise Association, Certified Business Intermediary from the International Business Brokers Association and Board Certified Broker from the Texas Association of Business Brokers. Anne is active in professional organizations, networking groups and volunteers for non-profit entities. As owner/operator of four successful businesses, Anne has proven people skills and enjoys helping clients find the right "fit" in business ownership. Visit www.FranchiseOpportunitySpecialist.com for more information about me and my company. - Visit Anne Barr's Website |
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David BarrDavid Barr is the President of Venture Opportunities, Inc. David has been a professional business broker/intermediary since 1980 focusing on General Business Brokerage and Mergers and Acquisitions representing client transaction value from $400,000 to $20,000,000. Mr. Barr has handled the sale of over four hundred and fifty companies. David earned a university degree from the State University of New York majoring in economics and business. David holds the Mergers and Acquisition Master Intermediary and the Certified Business Intermediary designations from the International Business Brokers Association. He is also a Senior Business Analyst and a Texas licensed Real Estate Agent. For more information about David and Venture Opportunities, visit www.bizdealmaker.com. - Visit David Barr's Website |
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John BrennanJohn Brennan Ed.D. Dr. Brennan is President of Interpersonal Development, LLC, a training and development firm. Interpersonal Development has provided sales training and coaching to more than 3,000 sales reps from over 100 companies. A native of Australia, Dr. Brennan received his doctorate from the University of Rochester. His dissertation researched the effectiveness of Behavioral Modeling Technology in training people in interpersonal skills. While he has spent most of his career designing or delivering training, he was also a Vice-President of Sales of a training and development franchise with operations in 25 markets. Dr. Brennan has designed and delivered sales training in North America, Asia, Europe, Australia and the Middle East. He has been a guest speaker at numerous national and regional professional conferences. When Microsoft wanted Best Practices articles on sales for their web site, they called Dr. Brennan. The results are at http://office.microsoft.com/en-us/FX011387391033.aspx His firm’s clients have included Volvo, The Prudential, Merrill Lynch, Eastman Kodak, Gannett, Equifax Europe, the Economist Group and countless small businesses. - Visit John Brennan's Website |
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Jay Kubassek(Jay's Full Bio: EvanCarmichael.com/jaykubassek) In five years, Canadian-born entrepreneur Jay Kubassek went from selling mufflers at a Midas franchise to revolutionizing Internet marketing with the 2004 launch of CarbonCopyPRO, a online marketing education company, now worth over $20 million with customers in over 160 countries.
As an independent film producer, his upstart film fund Aliquot Films is currently producing a films with Spike Lee and Abel Fererra (starring Ethan Hawke and Dennis Hopper.)
Jay's entrepreneurial spirit is irrepressible. He’s the owner of five companies, a professional speaker and trainer, international real estate developer/investor, extreme sport enthusiast and emerging philanthropist. Jay resides in NYC with his wife Jamie, son Milo and dog Cooper. Visit Jay's official website: www.JayKubassek.com - Visit Jay Kubassek's Website |
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