Business Planning

What does a franchisor ask of a franchisee?
What Does A Franchisor Ask Of A Franchisee | Franchising Advice Oxford

What does a franchisor ask of a franchisee?

When you have built up a successful business and decide the time is right to go down the franchising route, arguably the most challenging task will be to find the right franchisees. The process is very similar to when you are looking for new employees, you want a person that you can trust, that has…

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Risk versus reward of buying a franchise
Risk Versus Reward of Buying a Franchise | Benefits for Buying a Franchise

Risk versus reward of buying a franchise

Any entrepreneur wanting to take their first steps into business ownership should always look to see if the franchising route would be a viable option. If we look at some of largest economies, say Australia or USA, they have a large franchising network. This is simply because they are not concerned with failure, they know…

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The importance of a pilot franchise
The Importance of a Pilot Franchise | Business Franchise Help | Franchising Help

The importance of a pilot franchise

In order to build an attractive franchise package that will encourage people to invest in your business it is vital to be able to demonstrate that your franchise is viable and profitable. The best way to achieve this is to run a pilot franchise. Not only does the pilot enable the franchisor to establish that…

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Getting the right franchising agreements
Getting The Right Franchising Agreements | Franchising Help | Support with Franchising

Getting the right franchising agreements

The franchise agreement is arguably the most important thing to get right in the whole process of becoming a franchisee. It is normal for an agreement to be written in favour of the franchisor, so it is vital to use a specialist franchise solicitor to review the documentation and explain it to you in plain…

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How does a franchisor make money?
How Does a Franchisor Make Money | Franchising Specialist

How does a franchisor make money?

Most people assume that making money from franchising a business comes from the franchise fees. However, this is not the case, in fact usually the franchise fees are a loss leader. The money comes from royalties, the ongoing fees that the franchisees pay to the franchisor on a regular basis as either a flat rate…

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How to grow your franchise business
How To Grow Your Franchise Business | Finance for Franchise Business | Franchise Business Help

How to grow your franchise business

Once you’ve taken the plunge to become self employed by purchasing a franchise, it can feel like it has taken an awful lot of hard work to get to this point. In truth though, the hard work is only just beginning. Until now you have had support and guidance from many people, now you may…

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How to assess A franchisee
How To Assess A Franchisee | Assessing a New Franchisee | How to Support A New Franchisee

How to assess A franchisee

So, you’ve made the big decision to franchise your business but how do you find the right franchisee? To protect your reputation, it is key to have the right people in place, someone who can not only run the business successfully but who will also represent your values and brand. Here are some key points…

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How to franchise your business
How To Franchise Your Business | Guide on How to Franchise a Business | Business Franchise Help

How to franchise your business

Having built up a successful business, many owners are keen to see it continue to grow but are not necessarily sure how to achieve that. One of the options available is to franchise the business, but there are several key points that must be considered by new franchisors if they are contemplating franchising their business.…

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The importance of discovery days
Importance of Discover Days | Franchise Discovery Day | What Are Discovery Days

The importance of discovery days

Discovery days are an important business tool for any prospective investor, allowing them to learn more about new franchise opportunities. Franchisors will use discovery days as part of their recruitment process. Getting potential business owners in 1 place, networking with other like minded professionals, giving them a captive audience with the ability to promote why…

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Advantage of buying a franchise
Advantage Of Buying A Franchise | Why Buy A Franchise | Franchise Purchase Benefits

Advantage of buying a franchise

Any new entrepreneur will have a big decision to make from the outset of their business ownership journey. Do they set-up a brand-new business from scratch or do they look at buying a franchise. The following are what we see as the key benefits for purchasing a franchise: The business model is already proven to…

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