Tweet

Ed Teixeira Articles

Written by: Ed Teixeira

The Traits That Define Good Leadership - Click To Read Article
Numerous books and articles have been written on the subject of leadership. When it comes to the world of business there are certain traits that all successful leaders share. This article will present these key traits and serve an opportunity to ask yourself how you compare.

Before Starting Your Franchise Have Your Team Ready to Go - Click To Read Article
A successful franchise operation requires more than one person to manage the business. There are a number of reasons why it's important for a new franchisee to have their team in place before the franchise is off and running. First, the franchisor needs to know how the franchisee intends to operate their franchise before completing the franchise transaction. Here are some reasons why both the franchisee and franchisor need to have answers to this particular question.

Stalco Construction -FranchiseKnowHow Spotlight Supplier - Click To Read Article
One of the most important components of a franchisee investment is the construction work done on the franchisee location. Whether it's remodeling an existing location or site preparation on a new location the construction work that's done represents a major expenditure of capital for a franchisee. Although, fixtures and equipment are usually the same in terms of specifications the amount and type of construction can vary depending upon a location and its configuration.

Attention Franchisors and Franchisees: A Successful Franchise Shouldn’t Require Extraordinary Performance - Click To Read Article
In a prior article I presented a number of reasons why some franchisees fail. One of the reasons for the failure of a particular franchise was that the franchise program was flawed. The following article attempts to explain how franchisors and franchisees can address this specific issue.

An Interview With CMIT Solutions Franchise Founder - Click To Read Article
CMIT Solutions franchise network is a franchise company that’s on the right track, helping small business owners to manage their technology needs. In addition, this franchisor practices what they preach when it comes to supporting their franchisees.

Follow up to Rock Music Franchising Decision- Significant Reward in Favor of Franchisor - Click To Read Article
In a previous article on the FranchiseKnowHow website, Craig Tractenberg of Nixon Peabody reported on a favorable ruling on behalf of the NP client, Paul Green School of Rock Music Franchising (PGSORM).

Franchisees and The 90 Day Window - Click To Read Article
One thing I've learned after a long career in the franchise industry, is that there is approximately a 90 day period for an effective franchisee start-up. There are some exceptions to my 90 Day Window rule, however, in most cases it applies.

Financial Analysis for Evaluating a Franchise opportunity - Click To Read Article
When evaluating a franchise opportunity there is typically a great deal of focus directed on the business concept, franchise contract, franchisor support and franchisee performance. Each of these areas rightfully deserve attention. However, one area that requires as much if not more focus is in the area of financial analysis.

Whether You’re Selling or Buying a Franchise You Need to Consider an Important Fact - Click To Read Article
Franchisors planning their franchise sales strategy for the short term need to recognize the impact that unemployment rates have on purchasing power. Those individuals looking to purchase a franchise would be well served to know the employment situation in a territory they are considering.

FranchiseKnowHow Spotlight Franchise - Click To Read Article
Red Mango Yogurt is the Real Deal. An interview with James Frank Vice President of Franchising.

How Franchisees Can Gain More Time and Develop Their Employees - Click To Read Article
This article with shades of Management 101 offers some simple advice on how franchisees and their managers can gain more time and improve the skills of their subordinates.

Don't Forget the Kids Franchise - Click To Read Article
We continue to read about the growing senior market. However, the market for children's products and services is far greater and continues to grow and offer significant franchise opportunities. Here are some top ranked franchises servicing the children's market.

To Franchisees: Be Wary of Using Company Credit Cards - Click To Read Article
When starting up a new franchise, odds are the new franchise owners will be solicited by credit card issuers. Franchisees need to be cautious when it comes to the use and control of company credit cards.

How Franchisors can Reach the Top Using 10 Building Blocks to Excellence - Click To Read Article
Top performing franchisors have best practices that they follow. These top ranked franchisors adhere to operating principles that are an integral part of their franchise program. Read about the building blocks to franchisor excellence.

Purchasing a Start-Up Franchise? Here are some Advantages and Disadvantages - Click To Read Article
Approximately 300 new franchises start up every year. Some of these new franchises can represent a good opportunity for prospective franchisees however; these individuals need to understand the pros and cons of investing in a brand new franchise. Here are some of the important considerations to look for.

How to Evaluate a Start-Up Franchise Company. - Click To Read Article
In a previous article I presented the advantages and disadvantages of purchasing a franchise from a new franchisor. This article provides key factors that should be considered before making your decision. Learn how to evaluate the start-up franchise company.

Five Keys to Effective Leadership - Click To Read Article
Whether you’re responsible for managing two people or twenty there are certain principles that effective managers must adhere to in order to be an effective leader. These principles or keys are rather straightforward and easy to remember. More importantly they should be easy to follow.

FranchiseKnowHow Spotlight Franchise Cybertary, a Franchise Concept for Today and Tomorrow - Click To Read Article
Patricia Beckman, founder and CEO of Cybertary has developed a unique franchise concept that provides a number of services for business owners while offering individuals a reasonably priced home based franchise opportunity. Following is an interview with its founder, Patricia Beckman.

Be Wary of the Passionate Franchise Founder - Click To Read Article
When visiting a franchisor's headquarters franchise candidates look forward to the opportunity to meet with the person who founded the franchise. However, it's important that franchise candidates keep the enthusiasm, often demonstrated by the founder, in proper perspective. The founder of a franchise can be the most important single individual to meet during a Discovery Day visit. However, prospective franchisees need to avoid being overly swayed by the passion these entrepreneurs can exhibit.

Franchisors Should be Careful When "Selling" a Franchise - Click To Read Article
Franchisors should avoid the aggressive "selling" of a franchise; they should direct their efforts into providing prospective franchisees the information needed to make an educated and well informed decision. Learn why this is important.

Buying a Franchise? You Better Understand Item 7 of the FDD - Click To Read Article
Item 7 in the Franchise Disclosure Document requires franchisors to present in a prescribed format a franchisee's estimated initial investment needed to start the franchise business. It's important for individuals looking to purchase a franchise to fully understand what Item 7 contains. A leading cause of franchisee failure is being undercapitalized. Learn how to avoid falling into that situation.

The importance of Good Training for Franchisees and Franchisors - Click To Read Article
One of the major reasons people purchase a franchise is to acquire a business with a proven system. This proven franchise system should include an effective and comprehensive training program. Learn about the components of a successful franchise training program and find out why it’s so important for both the franchisee and franchisors.

Part 2 Interview with Ron Berger, Franchise Industry Leader and CEO of Figaro’s Pizza - Click To Read Article
This is the second part of an interview with Ron Berger, CEO of Figaro’s Pizza. Ron has been in the franchise industry for 36 years and has been a member of the IFA Board of Directors in the 1980’s, 90’s and until February, 2010. Part 2 of our interview includes a discussion of recent acquisitions by Figaro’s and a program that enables existing Figaro’s franchisees to benefit directly from the acquisition.

An Interview with Ron Berger, Franchise Industry Leader and CEO of Figaro’s Pizza - Click To Read Article
This is part one of a two part interview with Ron Berger, CEO of Figaro’s Pizza. Ron has been in the franchise industry for 36 years and has been a member of the IFA Board of Directors in the 1980’s, 90’s and until February, 2010.. The interviews are an opportunity to cover a broad range of topics with someone who has built several franchise companies and has contributed to the growth and vitality of the franchise industry.

10 Things Franchisees Should Know About Their Competitors - Click To Read Article
Market analysis is a means of gathering important information about your market competitors. It gives you insight into the quality and techniques of your competitors and enables you to understand your market conditions. When you analyze your competitors, indentify the similarities and differences between their products or services and yours. When you’ve identified key characteristics of your competitors you can establish a plan to compete.

Creative Franchise Marketing Can Help Boost Franchise Sales - Click To Read Article
As franchisors and franchisees attempt to grow sales during these difficult economic times, creative marketing on the part of the franchisor can be an effective tool. Here is a suggestion on how to implement a program that can help increase franchise sales.

TEN FRANCHISES POISED FOR GROWTH - Click To Read Article
We reviewed franchise concepts in two of the fastest growing industry segments, home healthcare and personal fitness. Using specific indicators we came up with ten franchises that met our guidelines. Read this article to see the franchises that made the list and to learn how they were chosen.

Franchising your Business? Start with a Financial Model - Click To Read Article
Individuals looking to franchise their business should start the process by building a realistic financial model. This article provides a blueprint for franchising a business with an emphasis on the importance of using a realistic and conservative financial model.

The Best Franchises to Invest In - Click To Read Article
Investing in the right franchise opportunity requires the gathering and analyzing of a great deal of information. Choosing a franchise based upon current or short term trends should not be the criteria. The demand for products or services during the next decade is more important. This article provides a look into the future and where the best franchise opportunities will be. Some of these may surprise you.

How Franchisee Start-ups Can Accelerate Sales Growth - Click To Read Article
A critical time in starting up a new franchise is the first 90 days. Franchisees that get off to a fast start increase their probability for success and faster sales growth. Here are five tips for getting your new franchise off to a fast start.

Franchisors as a Source of Financing - Click To Read Article
Although not considered a traditional source of financing for franchisees, many franchisors provide financing. During the current recession many franchisors are finding ways to offer a financial boost to new franchisees. Here is some timely information pertaining to franchisor financing.

WHERE NEW FRANCHISORS CAN FIND CAPITAL - Click To Read Article
During current economic times, it’s often difficult for start-up franchisors to obtain investment capital. This article describes three potential sources of investment capital that can meet the capital needs of new franchisors.

The Laws of Franchising Remain Unchanged - Click To Read Article
In the franchise industry there are certain truisms which have remained virtually unchanged over the years. I refer to them as The Laws of Franchising. The following are six of these laws.

The Franchise Contract: Understanding the Personal Guaranty - Click To Read Article
One of the most important provisions of a franchise agreement is the personal guaranty. It’s important for prospective franchisees to fully understand the reason why franchisors require this covenant and what the implications are in the event the franchisee has problems. When performing franchisor due diligence, keep this factor in mind.

A Short List for Evaluating a Franchise Opportunity - Click To Read Article
These simple guidelines can be used to evaluate an existing franchise opportunity. They also represent the foundation to build a successful franchise concept. Follow this list to find important questions and attributes that you should consider when you search for a particular franchise. When you’re finished, ask yourself if the franchise program passes the test.

Evaluating Your Business As A Franchise - Click To Read Article
Learn what it takes to franchise your business or concept. This articles provides the guidelines that should be followed when considering franchising your company.

Twenty Questions to Ask before you Buy a Franchise - Click To Read Article
If you’re in the process of looking to purchase a franchise you need to perform the proper due diligence. This includes speaking with existing franchisees and using the services of your franchise attorney and financial advisor. To strengthen that process here are twenty questions to ask you need to ask before signing the franchise agreement.

WHERE START-UP FRANCHISORS CAN FIND CAPITAL - Click To Read Article
In these turbulent economic times, it’s become exceedingly difficult for start-up and emerging franchisors to obtain investment capital. Learn about three possible sources of investment capital that might meet your needs.

How To Sell Your Franchise - Click To Read Article
Its been estimated that franchisees put their business up for sale within 5 years of ownership. Learn about the important steps you'll need to take before listing your franchise for sale.

How Franchisees Can Promote Positive Franchise Relations - Click To Read Article
A franchise relationship works best when the franchisor and the franchisees have a positive attitude about their relationship. However, historically the onus for promoting positive franchise relations has been placed upon franchisers. This article presents the ways that franchisees can contribute to the relationship.

What Small Business Owners Can Learn From Franchising - Click To Read Article
Franchising has proven to be an efficient and successful business model.Many of the factors which have caused this to take place can be applied to small businesses. This article presents valuable lessons from franchising and how to apply them to small business operations.

Look Both Ways Before Franchising - Click To Read Article
Many entrepreneurs consider franchising as a way to grow their business. Franchising is an attractive business model, based in part upon the fact that the capital of individual franchisees can help fund the growth of the business. However, its important for those business owners who may seek to utilize franchising, to implement their franchise program the right way. This article describes the approach to take in order to avoid costly mistakes.

Finding the Right Franchise For You - Click To Read Article
Every day untold numbers of people seek a franchise opportunity where they can invest their money and become successful. This article provides a process which can help individuals choose a franchise that fits their profile and expectations.

New Franchisors Need to Manage System Growth - Click To Read Article
When developing a new franchise program, franchisors need to manage the sale of new franchises. Franchises should be sold with a well designed strategy, that reflects the ability of the franchisor to service and support new franchisees. If the franchisor is based in Dallas, they shouldn't start selling franchises in New York or Florida, unless they have a unique and fairly simple franchise concept, which requires little or no support. It's equally important for franchisees to have the ability to successfully penetrate a new market. One or two locations in a market may not be sufficient to establish strong brand recognition.

Franchisors Need Balance Between Adding New Franchises and Building Franchise Sales - Click To Read Article
Franchisors typically focus a good deal of attention on adding new franchise locations. New franchisors usually consider the sale of new franchises an important prerequisite for future success. However, In addition to the on-going need to add new franchise locations, franchisors should focus attention on growing individual franchise sales.

Why Franchisees Should Consider Using a Franchise Broker - Click To Read Article
Franchisees searching for franchise opportunities have a number of choices. The best approach is to use a combination of these choices. By following this approach a prospective franchisee can increase their probability for finding the best franchise for them. A franchise broker can be a useful resource for a prospective franchisee. As a start, let’s review where individuals can find franchises for sale.

When Should a Franchisor Export Their Franchise? - Click To Read Article
At some point in time, franchisors will start receiving inquiries from international prospects. For new and smaller franchisors an interest in their franchise from other countries can be flattering. The thoughts of having franchisees in other countries can conjure visions of new found profits with a touch of prestige. Mature franchisors who have sold out a good portion of available territories in their home country see foreign markets as a great opportunity. However, whether a franchisor has 50 or 500 units the decision to take the franchise international is an important decision.

CHINA FRANCHISE UPDATE - Click To Read Article
China is the worlds most populace country and emerging as one of the largest consumer markets in the world, soon to led by only the United States. China's increasing middle class has a desire and appetite for western brands and products. A strong component of this dynamic are the products and services provided by U.S. franchisors. The challenge is to match the appeal of foreign franchise brands with the demand of the Chinese consumer. Recent actions by the Chinese Government have raised the price of admission for foreign franchisors.

How to Negotiate Your Franchise Agreement - Click To Read Article
Learn how to negotiate a franchise agreement and avoid signing a contract that can obligate you to some provisions that may be difficult to meet. Follow these steps and you’ll protect yourself from potential problems and disputes.





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

Listen to Your Inner Melody

The Substance Abusing Employee

The Right Job - Part Five 'Compensation'

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.