Archive for the ‘Franchise News’ Category

7-Eleven as Kwik-E-Mart

Franchising is more appealing to entrepreneurs than ever – Many thanks to the recession. People are ‘forced’ to take entrepreneurship route due to downsizing and troubled personal finance. As people need a hand in guiding them in the new frontier, franchising comes to the rescue, offering proven system, strong brand name and support/help along the way.

I’ve just read an article from the NYDailyNews.com that, in essence, echoes to what I believe all this time – Franchising as the legitimate business model in the midst of economic uncertainty.

The article, titled In weak economy, having…

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Young entrepreneurs

While more franchise opportunities present for veterans, franchisors are starting to set their sight to recruit a much younger entrepreneurs group.

The following is a good example of what focusing on younger crowd presents to a franchise company.

A case study

One of the franchise companies launching a business strategy to recruit young franchisees is Valpak, a direct mail franchise company.

Valpak – based in Florida, US – has launched Entrepreneurship Program 2 years ago, targeting younger group of entrepreneurs who is interested in franchising. The program is basically rewarding new franchisee recruits with discounts on franchise fee…

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Franchise agreement signing

I have just read an article from The New York Times that covers the questions you should ask to yourself and a franchisor before deciding on buying the franchise of your dream.

The article opens up some facts that, to tell you the truth, somewhat against franchising, in a sense that you should take great(er) care to invest your money in a franchise opportunities, as many facts and pitches made by the franchise companies are misleading to the ‘untrained eyes.’

I enjoy reading and benefit greatly from the…

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Franchisee income

This question (supposedly) jump out of a franchisee candidate’s mind: How much can I make from this franchise opportunity?

Unfortunately, the answers can be vague, misleading and, in a sense, secretive. The income reports you saw publicly (such as in franchise expos) are either averages or forecasts/projections.

Franchise companies are not in the habit of telling prospective franchisees how much their franchisees are making annually. Even if they do, I’m sure the answer would be in the form of averages, with different methods of calculating averages from one franchise to another.

Unfortunately, averages are misleading and, due to…

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Franchising has been booming in the past decades, worldwide. No longer in the US, the rest of the world’s entrepreneurs have realised that franchising offers enormous potential.

Franchise Direct has ranked the world’s best franchises for 2009.

It is interesting to learn that from the top 100 list only 15 of them are non-US franchise companies – The US, indeed, still hold the status quo as the origin of some of the best franchises and brand names in the world.

Without further ado, here is the list:

Top 100 Global Franchises for 2009

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Green franchise

Environmentally-friendly franchises are picking up the pace – With consciousness on going green emerges worldwide, businesses, including franchises, practicing environmentally-friendly and socially-responsible principles will help them to gain more edges than those that are not.

There are some fast growing franchises embracing the “go green”-related practices and policies that attract environmentally-conscious franchisees.

The fastest growing green franchise categories

According to an article on Entrepreneur.com, there are three fastest growing areas:

1. Areas of public concern: This includes energy conservation and recycling. Some offer federal tax incentives or incorporate significant recycling programs for the

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Franchise ownership

I stumbled on an article on Yahoo! Small Business, that (again) put franchise ownership as one of 7 most overrated businesses.

Kelly K. Spors and Kevin Salwen, the article writers, have conversed with small business experts to identify the overrated businesses. Other than franchise ownership, the other six are: Restaurants, direct sales, online retail, high-end retail, independent consulting and traffic-driven websites.

The culprit that put franchise ownership on the list is, again, the franchise agreement. “…too many people don’t understand the risks associated with franchising and sign restrictive franchise agreements without…

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Franchise ownership myth

I just read an article posted by Joel Libava (The Franchise King) about not including buying a franchise as a backup plan after someone is being downsized.

Unfortunately, I do heard stories of people who put buying a franchise in the top list of what-to-do-after-you-are-being-downsized – I agree with Joel: Franchising is not for everybody. How people are being misled? The culprit is the widespread belief that buying a franchise gives you a huge opportunity to succeed – The coveted 95% success rate.

In

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