Beat the Recession with a Retail Franchise
Beat the Recession with a Retail Franchise
A main advantage of starting a retail franchise in the current climate is the reduction of commercial lease pricing.
If you are scouting around for a good deal on a property lease then the current economy is working in your favour.
While retail property owners are working hard to fill high traffic retail space there are deals to be done.
But what about the decline in the economy that has brought about the opportunity to aquire lower priced leasing?
Does this pose a threat to the new retail franchise owner?
Indeed the downturn in the economy cannot be ignored. It is important for the new owner of a new retail franchise to do their homework.
So what steps of consideration can be taken?
Beat the Recession with a Retail Franchise - To learn more about this author, visit Nick Strong's Website.
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In the light of the existing recession here are some good points and bad points of opening a franchise in the retail sector.
A main advantage of starting a retail franchise in the current climate is the reduction of commercial lease pricing.
If you are scouting around for a good deal on a property lease then the current economy is working in your favour.
While retail property owners are working hard to fill high traffic retail space there are deals to be done.
But what about the decline in the economy that has brought about the opportunity to aquire lower priced leasing?
Does this pose a threat to the new retail franchise owner?
Indeed the downturn in the economy cannot be ignored. It is important for the new owner of a new retail franchise to do their homework.
So what steps of consideration can be taken?
- Carefully consider the market by looking at sources of information such as online directories of franchises.
- Narrow down your options that best match your interest and investment budget.
- Contact franchisors which match your budget and interest.
- Short list franchise systems of interest and arrange to visit the franchisor.
- Get information from the franchisor about how they support their franchisees to trade profitably in the light of the current climate.
- Be sure to obtain the contact details of some of their franchisees.
- Talk to the existing franchisees and arrange to meet them - ask how they are trading in this current economic climate and enquire what support and help they have received from the franchisor.
- Now you can identify the franchise systems you like and those that are perfoming well both in and outside of the downturn.
- Take into account that the economy moves up and down all the time so this recession will pass with time.
- Finally, make your decision and, if need be, financier to develop your business plan, secure the best price property and launch your retail franchise store.
Beat the Recession with a Retail Franchise - To learn more about this author, visit Nick Strong'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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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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