Tweet

Franchising is a Design-Build Program

Written by: John Power

Article Overview: You don't have to have all the details worked out before you begin your franchise program.

Franchising is a Design-Build Program

A popular method of constructing buildings is what is called “design-build.” When design-build is utilized, one contractor is responsible for both the design and the construction of the building. This frequently allows the project to be started before all of the design criteria, such as the interior design, is finished. Construction can begin sooner than if all of the design details were completed first. For example, while the outside of the building is being completed, the interior design can be finalized.

Your franchise development program can also be a “design-build,” because it is not necessary to have every detail, such as name registration, a “perfect model,” operational details, franchise forms, or even the existing entity that will be selling the franchises, before starting the franchise program.

A few months are required to prepare the franchise program for franchise sales, and during this time, many of the details can be defined and completed. You do not need to wait until you think that you are “completely ready” before starting your franchise development program. We can begin working on your franchise program and advise you of those decisions that need to be made to complete all the details of the project. In this way, you can start your franchise program without delay.

More information can be found at:  www.biltmorefranchise.com

 

Related Articles
  Financing Your Franchise Business
  Should I Franchise My Business
  The Top 7 reasons why Franchising is Better than a Brand New Business
  Franchising vs. Licensing
  I Want to Take My Business to the Next Level

Article Tags: decisions, design criteria, design details, franchise development, franchise program, franchise sales, franchises, interior design, nbsp, operational details



Related Forum Posts
Re: How to develop sales contacts? - Everyone has the right idea here. Depending on your business, there are different techniques that you could use. For consultants and sales heavy businesses, there are three tactics that I have found especially useful in my business: 1. Attend Networking Events 2. Cold Calling 3. Referral Program 4. Affiliate Program (most successful) The affiliate program was successful for me, as I hooked up with a franchise consultant, and he gave multiple unit businesses that needed my credit card processing services. I highly suggest you hook up with a sales partner, and give him a cut of the monthly revenue.
Re: Re Franchise etc - [quote="bmueller47":e0j0nu4t]Can you see a shift of various types of franchises? What I am thinking about is that today it is more difficult to create franchises, that has great appeal. More and more people want to have their business, but no interference of someone else.[/quote:e0j0nu4t] Not sure what you mean exactly but it is certain that more and more people want to have their own business but not more and more people know what they really want to do, or how to do it. And that's what franchising is all about. Franchising is not for an entrepreneur. An entrepreneur will do his own thing. People who buy franchises want a turn key business, with a proven model. Franchising in the US had never been that good. I don't have the exact numbers in mind but I know for sure that franchising is growing more and more as people are getting more and more aware of this business model.
Franchising vs. Licensing? - What is your opinion on Franchising vs. Licensing? Which is better?
Think like an Association - Hey Sebastian, Maybe you could try thinking like an Association... I would study the structure or formats used by other Associations. What are they doing to add value for their members? The BBB plays a monitoring role for consumers by gathering data about business' that are behaving badly. And they're pretty successful at it too. Maybe you can offer a 'Platinum Program' that franchisors buy into. Accredited members only. Criteria could be strict: 1. Age (stability): 10+ years 2. Satisfied franchisees: 85% + satisfaction 3. Size (stability again): 250 units 4. Strong profits 5. Great management -Maybe a 'Gold Program' for those Franchisors that aren't quite at that level, but can strive to reach it... -Top 100, 500, 1000 Listing for qualified members... maybe a slap at Entrepreneur.com and their biased top 10 lists... -Maybe act as a monitor like BBB? -Maybe team up with FranSurvey OR do something similar for each member (not sure about Fransurvey's rep, but I like the concept) There's so much discontent within the franchising arena that I think if you were part of the solution, then you could create a win/win with your Association. The only downside is that this power can get abused if there aren't good checks and balances within the association.
Nominations for a new Franchising Moderator! - Is there anyone you'd like to nominate as our Franchising Moderator (or volunteers for the position)?


Share this article with your friends. Fund someone's dream.

Leave a comment below or share on the left and you'll help support entrepreneurs in Africa through our partnership with Kiva. Over $50,000 raised and counting - Please keep sharing! Learn more.

Tweet

Newsletter

Get advice & tips from famous business
owners, new articles by entrepreneur
experts, my latest website updates, &
special sneak peaks at what's to come!

Name:
Email:

Popular Articles

Tips to Take Control of Credit Card Debt

The OLD Way of Advertising, May Not be so OLD

Coaching - An Effective Tool for Managers

Suggestions

Email us your ideas on how to make our
website more valuable! Thank you Sharon
from Toronto Salsa Lessons / Classes for
your suggestions to make the newsletter
look like the website and profile younger
entrepreneurs like Jennifer Lopez.