Archive for the ‘Franchise Tips’ Category

Do you want to receive free franchising advice from top franchising experts but too tired to read any franchising articles? Try listening to live podcasts.

Franchise podcasts

The Internet offers wealth of knowledge if you want to learn as much as you can about franchising. You only need to look for the online resources.

One of the resources I would like to recommend is franchising podcasts.

What is podcast anyway?

Podcasts are series of digital media files (most commonly audio) that can be shared and listened to, either live or recorded. Podcasts are commonly come into life in the of…

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Here is the question that your answer can make or break your entrepreneurial career: To buy or to lease business premise.

Leased property

Many people misunderstood McDonald’s business model. Many thought that McDonald’s is successful because it makes the best burgers.

Not entirely true (to me, Burger King’s burgers are the best of all – LOL. McDonald’s? Theirs are simply… um… bland.)

Many people can claim that they make better burgers than McDonald’s. They can be successful with their superior burger recipes. Unfortunately, most of them are missing one major key ‘ingredient’ – An ‘ingredient’ that makes McDonald’s not only…

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Many people deciding to buy a franchise because it is closely related to their hobbies. My opinion: Hobby-based franchises are great, but let your hobby be your hobby.

Science franchise

I have talked with some franchisees in the past who are buying a franchise because it is their hobbies-turned-into-businesses.

One of their most common comments is: Let your hobby be your hobby.

To clarify: Not that hobby-based businesses (in this case, franchises) are bad. In fact, for the right people, hobby-based franchises can be extremely successful, considering the nature of hobby/entertainment community and industry.

Unfortunately, using your hobby as the…

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In the midst of tons of guides to buy a franchise, there are not many guides on how to sell a franchise. This article is one of the guides on how to properly sell a franchise unit.

franchise for sale

How this lack of guideline in selling a franchise unit could affect a franchisee? The answer is: A lot.

Firstly, with lack of or wrong guidance, a franchisee could make an uninformed decision regarding the sale of his/her franchise unit. This could lead to misunderstandings later on.

Secondly, selling a franchise without proper preparation can only bring the franchisees in…

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Franchises aiming for global expansion could mean two things: It is either they are booming or they are looking for overseas market, due to stagnant or declining local market.

Krispy Kreme irony

Let us start with McDonald’s as an example.

We all know that McDonald’s franchise units are present in many parts of the world (#1 in 2009 top 100 global franchise lists.) They have achieved what Subway and 7-Eleven can’t. Despite challenges McDonald’s face in the countries they existed, such as a victim of terrorist attack (for being an ‘American’ business) and protests from many parts of the…

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Social media can help new franchisors to create the buzz necessary for the launch of their franchising concepts… and for attracting franchisee candidates.

New franchise launch 2.0

I have just written an article on my other business blog, Noobpreneur.com, about social media ROI. To my surprise, 5 minutes after I posted the article, I received 2 comments. Both of them manage social media activities for small business clients, and one of them is actually helping with the social media of a newly-launched franchise, Naples Tomato – a popular local restaurant in Naples, Florida (read the press release.)…

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Copyshop franchise – in fragments

I like browsing for small business-related news, partly because I have interest in the topic, and partly because I run and manage two small business-related blogs – Noobpreneur.com and FranchiseNote.com.

While browsing for franchising news, two articles have caught my attention – The Boston Globe‘s and The Tennessean‘s.

Actually, those two articles have caught my attention because there are some issues bugged me reading those two, leading to one question: Do people really think franchising is as easy as 1-2-3?

I was in franchising as a franchisee since 4…

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home-based franchise operations

Many people don’t realise that not all home-based franchises are enabling you to do most of your work from home. Some do allow your home to be the ‘headquarters’, where business operations are done mostly outside the comfort of your home.

Let us get this straight – Home-based franchises are those franchises that allow you to, well, use your home as the franchise ‘base’ or ‘headquarters’. Although, in general, home-based franchises describe those that allow franchisee to stay at home and (mostly) work from home, some home-based franchises are mobile franchises – Those that don’t require…

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KFC, New Plymouth, New Zealand

The trivial part in spotting the right franchise opportunity is looking for proofs on all of the franchisor’s claims, regarding franchise operations – the staffing, office/store management, and design/display, to name a few.

There are many ways to do so, but I personally like to visit the franchisor’s own units, to observe and take note the pluses and minuses I found. Visiting franchisees’ store or office is also a good, similar, idea – However, in order to find proofs to what was pitched in the franchise marketing materials (and the UFOC), the franchisor’s own unit…

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Think outside the box – literally

The title above is probably one of the questions franchisee candidates have in their mind but are too reluctant to raise the issue with the franchisors.

We all know that in everything we worked in (to make a living,) we need to put our best effort into it. Just like any other type of business startups, franchising, too, require franchisees to put top effort in order to succeed.

Suppose you have a day job that is too difficult to let go to allow you running a franchise unit full-time – Are there any possibilities…

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