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Resources and Help for your Franchise Business

Guest post by: John Henning

Article Overview: Starting a franchise of a restaurant or store definitely has plenty of benefits associated with it, but there are those times throughout ownership of a franchise where you may need just a little bit of help to get. Whether you are dealing with financial responsibilities and commitments that are just too much to handle or you don't know where to start to improve your franchise as a whole, there are many different routes that you can take in order to definitely improve the situation!

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Resources and Help for your Franchise Business

Starting a franchise of a restaurant or store definitely has plenty of benefits associated with it, but there are those times throughout ownership of a franchise where you may need just a little bit of help to get. Whether you are dealing with financial responsibilities and commitments that are just too much to handle or you don't know where to start to improve your franchise as a whole, there are many different routes that you can take in order to definitely improve the situation! The Company Headquarters

Did you know that many company headquarters offer their franchise restaurants ongoing support for their franchise opportunities? Indeed, if you have caught yourself in a snag or a bit of trouble then the company headquarters should be the first place that a franchise should turn to. Chances are that the headquarters will have the perfect solution, or they can at least point you in the direction of where to go in order to find the answer. Considering the fact that many store and company headquarters make franchise owners pay a heft royalty fee out of the profits they receive each year, though, ongoing support and training should be one of the concerns that is practically expected!

Other Franchise Owners

On the other hand if you don't want the company headquarters of the franchise you own to know about the trouble that's brewing in your own franchise store, there are other ways to receive the help that you need. Thinking about the many different franchises that are located throughout the United States alone, it is quite possible to receive some type of support from another franchise. For example, there are thousands of Dunkin' Donut franchises sprinkled across America so chances are that it would be pretty easy to speak with another franchise owner that also owns a Dunkin' Donuts. If franchise owners share information with each other, though, chances are that it would make the process of owning your franchise that much easier!

Internet Resources

Of course there are plenty of other resources that one has at their disposal as well and it's called "surfing the web" to find your answers. Granted, there is a lot of useless information scattered throughout the internet, but if a franchise owner is careful enough then chances are that he or she can find the exact piece of information he is looking for by doing a worldwide search of the internet. Practically any question that you have about owning your own franchise can be answered on the internet, but the trick is to knowing just what search terms to input in order to find the answer!

All in all, though, owning a franchise does take a lot of hard work and dedication and no one has ever said that owning a franchise is easy. But being prepared for the long road ahead by having all of your ducks in a row and resources in order chances are that you'll be able to receive great help and support in no time!

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Article Tags: franchise help, help with a franchise

About the Author: John Henning
RSS for John's articles - Visit John's website

John Henning is a Franchise Development Expert, he helps small businesses learn how to Franchise their business.

John's company has helped over 70 businesses expand via franchising.

Call John here: 484-366-1859

To watch a short video on how to franchise your business, visit: http://franchisedevelopmentsystem.com/video/.



Click here to visit John's website
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Re: Info for would be franchisers... Re: Info for would be franchisers... - [quote="Sebastien":1d29sdv1]Like Franchise Times, Franchise Update is a very practical magazine. There is no blah blah, just straight facts that anyone in the franchise community can relate to. I just want to mention that all these magazines are NOT franchisee oriented. I mean these magazines are for franchise professionals. If you're looking to buy a franchise, you won't find much information in there. To answer your question, getting published in Franchise Times was fairly easy. I don't want to brag too much but I think I am known in the franchise industry. I was the marketing guy at Franchise.com for a few years before joining my new company, the World Franchising Network. So people know me and I have a very good relationship with Nancy Weingartner, the Managing Editor at Franchise Times. I was talking with her at the last Franchise Expo South in Miami and she mentioned she'd like me to be profiled. I was like "ok, sure!". I like this franchise executive profile thing in Franchise Times as it is rarely BS. People are usually really natural in there.[/quote:1d29sdv1] Thanks for the follow up Sebastien! And I can't say that I'm surprised that networking with the right people and managing your relationships with them properly are the keys to being published. I guess the old adage holds true of "it's not who you know, but who knows you" that's important.
how much for a franchise fee? how much for a franchise fee? - Dear Colleague There is no easy answer to this question. Things to consider: [list=] The sizeof the Franchise Clent base Expected Turnover Intellectual Property costs (recoup) Number of Franchises Number of employees Original Set up costs Franchise admin costs An example: A franchise that I was involved in setting was to a simple "lawn mowing/home repair" franchise. The Franchise included national/local advertising - preparation of client lists - general admin - central accounting etc The Franchise involved 300-500 clients - and an annual turnover of about $300,000 . The annual franchise fee was $30,000. Hope that this gives you some idea Take care Ian[/list]


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