One big feature of up and coming franchise opportunities is that they tend to be in an un-crowded industry that is not overrun with competitors. Management is more flexible and encourages participation from the franchisees. Very often there are more prime real estate or territory opportunities with emerging franchise opportunities.
It’s important when considering smaller franchise opportunities to ascertain what is the advantage of the franchise opportunity, why are they franchising, what benefit does the franchise offer the franchisees and its consumers? It’s a good idea to spend a day with a franchisee, and get very close to the owners. In other words get comfortable that the franchise offers value and that it is sustainable.
Another good thing is weigh the background of the key players, in other words the franchise may be a newer system, but there may be substantial experience and knowledge in that industry or in franchising. Check the background of the owners and key executives.
No matter what the size of the franchise, look for a franchise that has passion, a passion for product quality, a passion for its customers. Franchise opportunities that listen to their franchisees and customers, and have superb management teams and carefully selected franchisees, those are systems you’ll be proud to join. Those are franchise opportunities with bright futures.
Jim Coen, of Franchise Perfection, www.franchiseperfection.com is a franchise consultant, based in Chestnut Hill, Mass. Jim is on the Board of Directors of the New England Franchise Association Network (NEFA), the regional franchise trade organization.
To learn more about this author, visit Jim Coen's Website.
Like this article? Share it with your friends
 |
Related Articles |
|
 Export your franchise to Australia
|
| |
Australia has more franchises per capita than any other country in the world. There are over 960 systems that produce an impression 14% of Australia's GDP. That is the equivalent of £40 Billion in sales which make...
|
|
What are Royalty Fees?
|
| |
Franchise royalty fees vary from one franchisor to the next. They can be very simple or somewhat complex. To begin with, let’s examine why franchisors assess a franchise fee in the first place.
|
|
Multi-unit franchising
|
| |
Multi-unit franchising - having the right to operate more than one outlet in the agreed location.
|
|
About 60% of all franchise opportunities have less than 50 units.
|
| |
There are over 2500 franchise opportunities operating in the U.S., some of these franchise opportunities are larger systems but most of them are smaller emerging systems.
About 60% of all franchise opportunities...
|
|
How to find the best franchise opportunity for you!
|
| |
Before you make any decision to invest in a franchise, sit yourself down and analyze your needs, capabilities, and limitations in relation to a franchise business. Be careful not to fall into the trap of deciding to...
|
|
|
Jim Coen
(Visit Jim's Website)
With 25 years of franchise, marketing, and
entrepreneurial experience, and the owner
of Franchise Perfection, Jim Coen, brings
key skills to franchise consulting for
those interested in buying a franchise
business opportunity.
At Franchise Perfection we serve as
franchise consultants and advisers,
“matching you with the perfect business”.
Visit: www.franchiseperfection.com/ind
ex.htm
For over 20 years Jim worked with Super
Coups. which is a MA based direct mail
franchise that delivers money saving
coupons from local businesses to your
mailbox. His responsibilities at Super
Coups included: franchise marketing,
franchise training, sales management,
regional sales, and director of Franchise
Development.
Prior to Super Coups Jim successfully
marketed franchises in the New England
area for Uniglobe Travel Northeast a
travel franchise, Merry Maids a maid
cleaning franchise, & Emack & Bolio an Ice
Cream franchise.
Jim recently was the host of a popular
radio show called “Let’s Talk Franchising”
that aired on WBIX 1060 in Boston.
Jim currently serves on the Board of
Directors of the New England Franchise
Association (NEFA) www.nefranchis
e.org
|
|
 |
|
Jim Coen's
Complete
List Of
Franchises
Articles
|
|
If you enjoyed this article, get Jim Coen's Complete List of Franchises Articles For FREE!
|
|
|
|
