Posts Tagged ‘franchising tips’

Every day, more and more Australians are giving up traditional 9-to-5 jobs and venturing into the franchising world. In Australia, franchising is worth a whopping $130 billion – and that number is expected to keep growing.

Why?

Franchising offers you the chance to be your own boss – without starting up a company all by yourself. Instead of trying to build a brand from scratch, you get to use a business model, a product, and a company name that customers already know and trust.

What do you need to know if you’re thinking of opening a franchise?

If you think that the franchising world is …

Read more »

You have decided on the franchise you want to buy.  Dreams of early retirements are beginning to swirl in your mind.  Images of you on a beach, reclining in a hammock, sipping exotic cocktails.  That is the dream!  But it is very important to realize that the path between now and then is going to be challenging.  Launching a successful business is not easy.  The good news, however, is that with a combination of planning, hard work, and dedication, it can be done.  In this article, we are going to discuss 5 key tips for successfully launching your new franchise.

Test Your Idea

Before you …

Read more »

If you are thinking about investing in a franchise, there are many things to take into consideration before diving in head-first. Doing your homework is essential–if you buy into the right one, you may find yourself running a very successful and profitable business. On the other hand, a hasty investment made without proper consultation and research could end up leaving you in a financial hole you can’t climb out of. Here are several things you should consider before making the decision to buy into a franchise.

Franchise Options

There are many different franchises for investors to consider–from hotels and restaurants to cleaning businesses and car …

Read more »

This is a guest article by Andy Mutt

As more people lose jobs in this economy, more people are considering becoming franchise owners, today. But in order to increase sales, franchisees will need to start thinking out-of-the box and working closely with their franchisors to increase sales.

Here are some activities you should consider to increase revenue:

Direct mail coupon campaigns:

In this economy, everyone considers the price before purchasing any product and the best way to attract customers to your store is to provide them with coupons.

Mobile Marketing:

Mobile marketing is marketing on or with a mobile device. Coupons sent to consumers through …

Read more »

“Franchise opportunities – easy to run, no experience required!”

In this article I want to be totally honest with you: Whenever you encounter such offer, not only in franchising but in any business opportunities, my only suggestion for you would be to stay away, even run away from them.

Franchises are mistakenly touted to be businesses that are easy to run – thanks to the proven franchise system in place. This is misleading and could lose franchisees money eventually.

Here’s the cold, hard truth: Despite the proven system in place, new franchise units are essentially business startups – meaning, you need to take time …

Read more »

I heard too many stories of franchisees who “feel” that they were being cheated by their franchises, resulting in an under-performing, if not dying, franchise units.

The general rule of thumb in any business agreement is: read every word, and don’t forget the fine print.

Not to discredit franchisors, but some seem to have a subtle intention to “trick” franchisees into signing for franchise agreement. Alas, we can’t ask for franchisors to guarantee anything – they can’t, and even if they do, they are considered as both unethical and illegal.

The truth is, you and I can’t put all the blame to the franchisors …

Read more »