Archive for the ‘Franchise Tips’ Category

When you are looking for a franchise to invest in, you will surely be invited for a short interview to learn why you are interested in one. In some occasions, you may also be invited to take a personality assessment.

The personality assessment held by a franchisor is aiming to profile franchisee candidates in order to determine whether a candidate is suitable or best fit for the franchise. The premise: The best-fit franchisee candidates will likely to succeed. In other words, the franchise units managed by the suitable franchisees will have lower risk of failure.

As I mentioned in Franchise Note’s previous articles, the ability to “blend” within a franchise system is the key success factor for the franchisee, as well as for the franchisor.…

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Franchises are known for their proven business system that can help you reduce risks related to business start up process. However, this doesn’t come without any costs. In franchising, those costs are called franchise fee (or some others like to call it license fee, but both are basically the same.)

The amount of franchise fee charged doesn’t always constitute a good franchise organisation. A relatively unknown franchise can charge you a hefty amount of franchise fee, while a well-known franchise can charge you below the less-known franchises.

This article offers you a simple guide to help you identify whether a franchise fee is too much for you (too much can results in cash flow problems and other cash-related problems on your franchise unit later on.)

But first, let’s explore what a franchise fee is.…

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Blogging for franchise unit owners is a little different with business blogging in general. It involves a different approach in branding and creating a community loyal to your franchise unit.

But first thing first – Why should you blog for your business?

Blogging helps you in your business branding and marketing. It helps you to shorten the gap between the management and the customer, as well as to build a community of loyal customers.

Loyal customers are keys to every business as they posses the greatest power of all: word-of-mouth or buzz. Serving your loyal customers well, as well as offering specials to them can help magnifies the impact of the buzz marketing.…

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