Question Your Franchise Decision Making
Question Your Franchise Decision Making
Q. What are you looking for in a franchisee?
Q. What does a franchise cost?
Q. What are the royalty and marketing fees?
Q. What is included in the franchise fees?
Q. How much capital is required?
Q. Do you do any financing?
Q. What support do you offer for site selection?
Q. What operations assistance do you offer for the opening of this franchise?
Q. What on-going operations support do you offer after the opening?
Q. What kind of marketing support do I get?
Q. How will I get the franchise supplies I need?
Q. Can I acquire the rights to multiple offices?
Q. How long has this franchise been in business?
Q. What are the terms of my franchise agreement?
Q. Does my franchise agreement include a protected territory?
Q. How quickly can I get started?
Q. How long does the application process take?
Q. When can I review the Uniform Franchise Offering (UFOC)?
Q. Is experience in this industry required to become part of this franchise?
Q. Can I sell my Franchise?
Q. Can I acquire multiple units?
Q. Do you offer a training program and how long is it?
Q. Do you hire managers for me?
Q. Do you provide insurance for your franchisees?
Q. Should I buy an existing franchise instead of a new one?
Size yourself up:
Q. Do I have passion for this industry?
Q. Do I have the desire to earn what I am worth?
Q. Do I have good people skills?
Q. Do I have a flair for creativity?
Q. Am I self-motivated and disciplined?
Q. Do I want to own my own business?
Q. Do I want more flexibility and control with my career?
Q. Do I want to be my own boss?
Q. Do I want or can I work from home?
Q. Do I want or will I have enough time for my family?
Question Your Franchise Decision Making - To learn more about this author, visit Tom Parsley's Website.
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Deciding on a franchise may be one of the most important decisions you will make in your lifetime. Before rushing right into it out of sheer excitement, please take some time and ask yourself the basics. This franchise opportunity may potentially be your saving grace for a better future, so stop thinking of “dollar signs” and question the smart investment you are about to make. The following is a rambling list of what to consider during the due diligence process.
Q. What are you looking for in a franchisee?
Q. What does a franchise cost?
Q. What are the royalty and marketing fees?
Q. What is included in the franchise fees?
Q. How much capital is required?
Q. Do you do any financing?
Q. What support do you offer for site selection?
Q. What operations assistance do you offer for the opening of this franchise?
Q. What on-going operations support do you offer after the opening?
Q. What kind of marketing support do I get?
Q. How will I get the franchise supplies I need?
Q. Can I acquire the rights to multiple offices?
Q. How long has this franchise been in business?
Q. What are the terms of my franchise agreement?
Q. Does my franchise agreement include a protected territory?
Q. How quickly can I get started?
Q. How long does the application process take?
Q. When can I review the Uniform Franchise Offering (UFOC)?
Q. Is experience in this industry required to become part of this franchise?
Q. Can I sell my Franchise?
Q. Can I acquire multiple units?
Q. Do you offer a training program and how long is it?
Q. Do you hire managers for me?
Q. Do you provide insurance for your franchisees?
Q. Should I buy an existing franchise instead of a new one?
Size yourself up:
Q. Do I have passion for this industry?
Q. Do I have the desire to earn what I am worth?
Q. Do I have good people skills?
Q. Do I have a flair for creativity?
Q. Am I self-motivated and disciplined?
Q. Do I want to own my own business?
Q. Do I want more flexibility and control with my career?
Q. Do I want to be my own boss?
Q. Do I want or can I work from home?
Q. Do I want or will I have enough time for my family?
Question Your Franchise Decision Making - To learn more about this author, visit Tom Parsley's Website.
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Leanne Hoagland-SmithAre your sales where you want them to be? Will you be one of the few who achieves sales or business success or one of the many who have failed to change? Are you tired of being told you are like everyone else? Then you may find my first book on sales of interest. Be the Red Jacket in the Sea of Gray Suits, The Keys to Unlocking Sales available at Amazon or at http://www.processspecialist.com/red-jacket.htm. This book is a reflection of my no-nonsense approach to improving sales to overall business results. If you are truly committed to making sustainable changes, then I can help you secure a positive return on your investment because I focus on executable solutions not telling you the problems you already know you have. From training to corporate (group) coaching to executive one on one coaching, my approach is to assess, create awareness, build a goal driven action plan and then execute. The bottom line question is "Not do you or your employees know it, but do you or they want to do it?" Please call for a free strategy session at 219.759.5601. - Visit Leanne Hoagland-Smith'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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Cheryl MatthynssensCheryl is a life skills coach, licensed Chemical Dependency Counselor and a 20 year entrepreneur. Cheryl's dedication to achieving a life of balance led to her expanding her teaching from the simple managing of life's daily challenges to adding financial well being as well. A direct marketer with DrinkACT, she is gaining ground in the online community with her concepts of making sure business owners, entreprenuers and employees have well rounded life styles. She opened up a small affiliate site - The Balance Guide- to help others find resources for mental and emotional well being. Visit Cheryl's blog to see more of the diversity beyond business she has began offering online at www.thebalanceguide.blogspot.com - Visit Cheryl Matthynssens'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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David AchesonDavid Acheson is the founder of DCJA Consultancy. DCJA Consultancy is a management consultancy business specialising in B2B sales consultancy. They offer bespoke and packaged sales consultancy including Sales Optimisation Review, Interim Sales Management, Sales & Marketing Review, 1:1 Sales & Management Staff Analysis, Management Training, Solution Sales Training, Creation of New Pay Plan, KPI's, run Customer Feedback Campaigns, assist with Recruitment, Coaching, Appraisals and set up Strategic Marketing Campaigns. David spent his early career in accountancy and then moved into sales in 1982, working in Office Equipment, IT, Advertising, Training, Outsourcing and Consultancy. He has held many Senior Positions in SMBs and Global Organisations including Head of Sales Operations & Head of Business Development. His knowledge, skills and great experience of the Sales Industry has led to David making keynote speeches and running educational sessions to key businesses through organisations including The Chamber of Commerce and Business Link. - Visit David Acheson's Website |
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Linda RichardsonLinda Richardson is the Founder and Executive Chairwoman of Richardson, a global sales training and performance improvement company. As a recognized leader in the industry, she has won the coveted Stevie Award for Lifetime Achievement in Sales Excellence and she was identified by Training Industry, Inc. as one of the “Top 20 Most Influential Training Professionals.” Ms. Richardson is credited with the movement to Consultative Selling and is the author of ten books on selling and sales management, including Sales Coaching — Making the Great Leap from Sales Manager to Sales Coach, and Stop Telling, Start Selling. She teaches sales and management at the Wharton Graduate School of the University of Pennsylvania and the Wharton Executive Development Center. Linda is a frequent speaker at industry and client conferences, has been published extensively in industry and training journals, and has been featured in numerous publications, including The Wall Street Journal, Forbes, Nation’s Business, Selling Power, Success, and The Conference Board Magazine. Learn more about Richardson's sales training and performance improvement solutions at http://www.richardson.com web - Visit Linda Richardson'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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