What is Franchise or Franchising? What is franchise? Franchise or franchising is a practice or method of business operation wherein it enables certain businesspersons to generate their revenue by the help of trademarks, brand names & proprietary system. Effectively, if the system operates under a business name/brand and makes some money then it can be …
What questions should you ask a franchisee? So you’ve read all the promotional information, like what you see in the videos and ready to go to the next stage in your decision making process. The structure of the Franchise recruitment process should allow you access to at least one or two existing Franchisees. This could …
How do I choose the right franchise? The experts at Franchise UK are often asked this question. The choice is, of course yours, but with so many tempting franchise opportunities available, how do you go about choosing the right franchise? Franchises are ideal businesses for people that can follow a system. The best franchisees adhere …
Sales mistakes affect conversion rates and cost you business. People buy you first and so first impressions are the most important. It sounds a bit clichéd and one that is so easy to ignore. One of the worst mistakes of all time is to practice your sales techniques on your prospects or customers!! Believe me, …
Promoting your business is a constant process which means you must grab every opportunity to market, network and communicate with potential clients. Some may view the business card as redundant with all the advancements in social media, technology and virtual networking, but it can still act as a very powerful and long term marketing strategy …
Most people choose franchises over starting their own business from scratch because they want a structured proven system to follow. Franchises with streamlined systems have a greater potential for success long term and one you’ll want to be a part of. It’s not always possible to assess the effectiveness of how well the business runs even …
Franchise Payments, What’s The Deal? There are several one-time and ongoing payments related to owning a franchise. The Federal Trade Commission (FTC) requires franchisors to list these fees in the Franchise Agreement. Initial franchise fee. This fee is paid to the franchisor for the right to use the franchisor’s trademark and sell its products and/or …