Business People Club

Buying A Franchise

0 like 0 dislike
374 views
by AmazingKitty
Buying a franchise can be a life changing experience. There are many good reasons to pursue your dream of owning a successful franchise. For starters when you buy a franchise you are buying a proven system. Buying a franchise comes with the advantage of knowing that the business has been successful in other locations. The idea and process of running this business has already been proven. Therefore the learning curve in operating the business can be virtually eliminated.

When you are buying a franchise your are also buying an established customer base or brand name. Most franchises are already recognizable to consumers. The brand awareness provides security and trust to the customer who expects uniform quality to be provided. Therefore a customer base is already established.

You can also benefit from any advertising or promotion that the franchiser (owner of the franchise) does at the national or local level, without absorbing the cost. The franchiser can also provide input to the franchisee on a local marketing plan.

If you buy a franchise you also receive ongoing support. Training and support is usually always part of the deal. Since the franchise company has a vested interest in how well you do, ongoing training, system upgrades, product enhancements, and question and answer resources are provided. The franchiser offers experience to franchisee in such areas as accounting procedures, personnel and facility management, and business planning.

Also, many times obtaining financing for buying a franchise is easier since the franchise name and reputation are usually recognized by the lenders. Therefore, banks are more likely to fund the franchisee. In addition, relationships with suppliers are already established; affording the opportunity to buy in bulk, enabling a great deal of savings for the business.

The first step when buying a franchise is choosing an industry you are interested in or have prior experience in. There are many great franchises out there to choose from. Auto franchises and coffee franchises are very popular franchises but it is important to research the each opportunity before investing. It is recommended you sit down with a Franchise Consultant and decide if buying a franchise is right for you.

Your comment

Your name to display :
Privacy: Your email address will only be used for sending these notifications.
Anti-spam verification:
To avoid this verification in future, please log in or register.

Related posts

0 like 0 dislike
0 comments 224 views
What to Look For in a New Franchise

Want to buy a franchise opportunity? Great idea! Here is a high-level overview on what to look for: Operating History - A long history of success is the #1 thing to look for. If many other franchisees have been successful over the years, your chances are probably pretty good that you will be ... a section on their web site for franchise re-sales. Beware if there are a lot of re-sales relative to the total number of franchises in existence.

by HairySeahorse
0 like 0 dislike
0 comments 288 views
A Franchise - Your own business, but include support and guidance

Many people dream of running their own business and of giving up the day job. Most of these ambitious individuals only have the most basic of skills needed, and recognize that their business would not stand a great chance of success. A Franchise is the answer for many of these would-be ... between five and twenty thousand dollars. You may find a vending machine franchise for less, and a McDonald's franchise could cost you a cool $250K.

image
by Octopixy
0 like 0 dislike
0 comments 1,154 views
Three Things You Should Know Before Buying a Business Franchise

Business franchise refers to the arrangement entered upon by the owner of a certain business with another party who is interested in running same business under its name. In the agreement, the real business owner allows the use of his registered trademark in exchange for some payment. Business franchising is a ... if business franchising is for you. If ever it is, make sure you go with the company that's tried and tested over the years.

image
by TrainedGuy
0 like 0 dislike
0 comments 236 views
12 Reasons To Use A Franchise Consultant

A potential business owner that has an interest in purchasing and running a franchise would benefit from the services of a franchise consultant. A franchise consultant can provide expertise and guidance throughout the entire process. Listed below are 12 reasons that it is advantageous to use this service. 1 ... help you determine if franchising is right for you and if so, what type of franchise opportunities you are most likely to succeed in.

image
by Tabooccaneer
0 like 0 dislike
0 comments 215 views
Three Signs Of A Franchise Winner

There are over 2,500 different franchises for sale right now. Trying to choose the right one might seem like an impossible task. One that is even more intimidating considering the large financial investment at stake. If you are a first time franchise purchaser, where should you begin? The answer is not ... discount or control a portion of the system's advertising budget or develop a lobby group for a specific issue. All of these our good signs.

by Robottom
0 like 0 dislike
0 comments 231 views
What To Consider When Coming Up With A Franchise Idea

So many people think that by getting into the franchise business, they are setting themselves up for an easy way to make money, with a safety net under them the whole time. The only real advantage is that you are buying into a business model that works with the help of a company's marketing and ... make each year. Budget below that amount. And don't worry about what kind of experience you've had in the franchise's area. They provide training.

image
by CharmingChamp
0 like 0 dislike
0 comments 502 views
Basic Rules Of Starting Your Franchise

Starting a franchise can be a really profitable venture and a decision you will be glad you made. However, starting a franchise can be disastrous as well if you do not know exactly what you are getting into beforehand. So, if you want to start a franchise then do some research to find out all ... of this, you will pick the best franchise for you and the market, which means you have a better chance at being successful and enjoying your business.

image
by MysteryWasp
0 like 0 dislike
0 comments 1,010 views
Plant a Seed and Watch Your Business Grow

Do you have all the business you could possibly want or need? If you're like me, you're still growing your business. Marketing is an ongoing item on my agenda, and I'm always looking for new ways to market my services. Where do you begin the process of attracting more business? How do you ... just may find new business knocking on your door instead of the other way around. Spring into action...and watch your business grow by leaps and bounds!

by nicejone
0 like 0 dislike
0 comments 516 views
8 Ways to Avoid Litigation When You Sell a Business

Based on recent litigation storm clouds, business owners planning exit strategies better batten down their legal hatches. As a small business owner, your company most likely represents a significant portion of your net worth. That's why it's crucial not to let litigation wash it away when ... free transition. Take the time to recognize and act on the many opportunities you have to minimize your litigation risks and reap the benefits later.

image
by TwinNut
0 like 0 dislike
1 Comment 366 views
Don’t Let Passions Rule When Buying A Business

Don’t Let Passions Rule When Buying A Business

by Camella
0 like 0 dislike
0 comments 224 views
Creating Cash Flow with Old Inventory

Being a retail consultant, there is a comment many business owners used. It is I'm not giving away my inventory". It is most common among store owners that business is in bad shape. It is too bad that most retail owners don't understand about inventory. Inventory does two things. It eithers ... to your business success. The key is to take action on the slow moving and discontinued. This will make your bottom line better in the long run.

by ForceSoldier
0 like 0 dislike
0 comments 241 views
Thinking of selling your company?

Your decision to sell: Making the decision to sell your company is a tough one. However, when you decide to do so, make sure it's a priority in your life. A common mistake is when a seller starts the marketing process and it's not a priority, it's becomes obvious to buyers. Unlike a ... same mistakes over and over. Mistakes can cost hundreds of thousands of dollars. There is too much money at stake, and you don't get a second chance.

image
by FoolishJaguar
0 like 0 dislike
1 Comment 320 views
0 like 0 dislike
1 Comment 245 views
How to Convert leads into clients and boost your sales?

How to Convert leads into clients and boost your sales?

by LoyalChief
0 like 0 dislike
1 Comment 234 views
0 like 0 dislike
1 Comment 227 views
Can Professional Sales Training Improve Your Bottom Line?

Can Professional Sales Training Improve Your Bottom Line?

by TrustyKitty
0 like 0 dislike
0 comments 1,640 views
7 Questions Consumers Ask Before Buying Your Product

1. What's the deal? Customers want to know what they are getting into before they open up their wallet. One of the best ways to upset them is to give them unexpected fees at the last minute. Make the deal plain and simple... no unexpected and unpleasant surprises. 2. How do I benefit? ... an easy and painfree experience for your customers. If it's too complicated and lengthy, they'll just forget it... and you can kiss your profit goodbye.

image
by Hawkward
0 like 0 dislike
1 Comment 325 views
Converting Independent Business To Franchise?

Converting Independent Business To Franchise?

by FatKomodoDragon
0 like 0 dislike
1 Comment 1,371 views
0 like 0 dislike
0 comments 206 views
Purcahse Order Financing - A Tool to Finance Your Growing Orders

Do you have more purchase orders than what you can handle? Is lack of financing preventing you from fulfilling those orders? One of the most frustrating things that can happen to a business owner is to turn orders away - good orders - because you don't have the financial capacity to ... or distributor and have more purchase orders than financial capacity, consider purchase order financing as the tool that can help you close those orders and grow.

by BunBunny
0 like 0 dislike
0 comments 319 views
A Simple Strategy to Increase Profits

In today's competitive business environment it is essential to find ways to reduce costs and increase revenues while keeping productivity and quality high. One of the best ways to achieve this is through hiring and retention of outstanding employees. Far too often hiring managers rush through the hiring process ... . By doing so you will be in business for years to come with a happy, dedicated and productive team. And that will equal profits.

by SleepyFledgling
0 like 0 dislike
0 comments 661 views
What Is A Business Broker

A business broker is an intermediary between a buyer and a seller of a business. In most cases a business broker represents the seller in the sale of a business. It is the business brokers' responsibility to find qualified buyers for their clients. A business broker is similar to a real estate agent who ... , it may be a good idea to sit down with a local business broker in your area to discuss representing you in the sale of your business.

image
by Sumogre
0 like 0 dislike
0 comments 1,336 views
Equipments necessary for starting a business in the production of labels

The labels cover a large range of products for which they are destined, and this determines the existence of several types of label creation according to the type of printing used. From the point of view of the printing type used, the labels are of two types: self-adhesive labels which, ... which don't have a rectangular form, a tunnel puncher whose maximum dimension of processing must be chosen according to the target market that we refer to.

by FatKomodoDragon
0 like 0 dislike
0 comments 594 views
A Successful List Means Profit Increase

It is a tough world out there, especially in the world of cyberspace. The internet has brought with it many technological innovations, yet with it came along an influx of websites. The opportunities to make money online are there, but the competition is tough. The best option for survival is to have ... to what you have to offer. A more effective relationship is thereby built this way and your profits will start seeing their way to the sky.

by Butcherry
0 like 0 dislike
0 comments 1,180 views
17 Important Points To Consider Before You Hire A Law Marketing Consultant

As we fast approach the new year, many firms are preparing to launch their 2006 marketing efforts. If you're thinking about hiring a marketing specialist, make sure you consider these 17 key points. 1. Objective Advice. Consultants who are paid fees are more likely to give you unbiased advice than consultants ... you with at least 30 or 40 testimonials from other lawyers. If he provides only a few, you may be reading comments from his in-laws.

by PlaySeal
0 like 0 dislike
0 comments 413 views
Build a strong business with strong customer relationships

Most businesses spent time attracting customers to a product or service, trying to win their trust and then ending the whole process with a sale. That tactic seems obvious to most people. What often is neglected is the post-sale follow up with customers, particularly when it comes to online businesses. ... perform. Treat your customers like your own family. Go out of your way to communicate with them. If you neglect them, they will go elsewhere.

image
by Cybora
0 like 0 dislike
0 comments 233 views
4 Instant Tips for Running a Successful Internet Business

Running an internet business is not a difficult task; but running a successful internet business can be a bit more difficult. There are thousands of people that have their own online business, but many of them are not having any luck at all. If you want to be successful while running your ... on your way to running a successful internet business. Remember, anybody can run a business, but to be successful you will have to be determined.

image
by AfternoonFay
0 like 0 dislike
0 comments 268 views
5 Great Reasons To Hire A Telecommuter

How would you like to hire someone that is more motivated and more qualified to do the work and costs you less than your average employee? No, I am not talking about hiring someone illegally. You can accomplish this simply by employing a telecommuter. Let's take a look at ... position. Once you have experienced all the benefits a telecommuter brings to your organization, you may even consider converting even more positions to telecommuting.

by PlushSeal
0 like 0 dislike
0 comments 202 views
9 Marketing Credos for a Thriving Business

1. Differentiate or Die! You Must Stand Out From the Pack. Don't become another me too option for your prospects to choose from. When you allow this to happen, you position yourself to compete only on price - a tough arena to play in. 2. You Are in Two Businesses... The ... a bread-winning marketing tactic. 9. Tap Into Viral Marketing! Get others promoting and selling for you. © 2005 Online Marketing Muscle -- All Rights Reserved.

image
by Octopixy
0 like 0 dislike
0 comments 1,265 views
7 Points In Finding A Home Business

There is so much information online it's amazing. You find something that interests you and you request information and then you are never there. Is it that you are bombarded with calls and emails? Is it that you clicked on something but don't remember? Is it that you were in a ... taking the time to read this over. I hope you have learned something and I hope you use this information to find what you are looking for, freedom.

image
by OpinionOwl
0 like 0 dislike
0 comments 1,252 views
7 Tips to Starting a Successful Small Business

Getting a small business off the ground is challenging to say the least. Here are some tips which will prepare the ground for running a successful small business. Have Goals This is where it all starts - the foundation for success. Know exactly where you are heading. What will the business look' ... has not gone right train yourself to ask, What good has come out of this? Understand that in every problem there is potential for good.

image
by Mosquiche
0 like 0 dislike
0 comments 217 views
Five Steps to Create a Budget for your Small Business

How I hate budgets! Every time an accountant told me to put together a budget for my company, my response was - When I get the time I will! I just never seem to get the time. For several years when I first started my company I never paid attention to a budget. ... to review your actual financial statement (Income Statement or Profit and Loss) to your projections. Have systems in place to increase revenue and decrease expenses as necessary.

by UncleRhino
0 like 0 dislike
0 comments 202 views
Business Tools to Help You Run a Successful Business

When setting up a business, even the best prepared among us will struggle to do everything and remember everything. It is very unlikely that we will understand all of the financial and legal ramifications of a new business, especially when we need to concentrate on getting that elusive first sale or completing the first ... with the wrong (or no) tools. You will find that the time it takes to get the right tools will pay off time and time again.

by VirtualAssassin
0 like 0 dislike
0 comments 254 views
Top 6 Reasons You Need a Website

Some business owners struggle with the idea of starting a business website. Why do you really need a website? Well, there are several solid reasons why every business, small or large, should have a website. It does not matter if you sell tangible products, or you offer a service, your business will ... For most business owners, they will simply not understand why you need a website until you actually have one and see the benefits you get from it.

by Scorpeon
0 like 0 dislike
0 comments 961 views
Can a factoring company help you grow your business?

Sooner or later, every business will need financing to grow. Most owners will try to qualify for venture capital or angel financing. Others will try to get a business loan or line of credit, since business loans are popular with business owners. All these business financing tools work well ... days or because you have a large purchase order from your biggest client, a factoring company will be able to offer alternatives to traditional financing.

image
by VirtualAssassin
0 like 0 dislike
0 comments 246 views
3 Lifesaving Tactics to Stay Afloat In a Constantly Changing Marketplace

Let's face the facts... old-fashioned marketing tools aren't going to keep your business a growing and prosperous entity in today's marketplace. Hey, this month's hottest techniques and information will be obsolete in six months. Now, I'm not saying that old marketing principals can't be ... current products and services. Don't let the speed-of-light changes in the market take your business under. Stay afloat with these proven tactics.

image
by PositiveVoid
0 like 0 dislike
1 Comment 329 views
What to look for when working with a partner?

What to look for when working with a partner?

by GraveGrass
0 like 0 dislike
1 Comment 409 views
How to Build a Retail Store that is Made to Last?

How to Build a Retail Store that is Made to Last?

by Butcherry
0 like 0 dislike
1 Comment 272 views
How to start a LLC company?

I want to start a llc company. Looks like process is very complicated. Any tips? I want to start in new york state.

by nicejone
0 like 0 dislike
1 Comment 351 views
How to find a Restaurant Equipment Supplier Crucial for New Restaurant Owners ?

How to find a Restaurant Equipment Supplier Crucial for New Restaurant Owners ?

by PlushSeal
0 like 0 dislike
1 Comment 333 views
How to find a Direct Manufacturer?

How to find a Direct Manufacturer?

by Emufasa
0 like 0 dislike
1 Comment 354 views
0 like 0 dislike
1 Comment 377 views
0 like 0 dislike
1 Comment 255 views
How to create a Business Strategy?

How to create a Business Strategy?

by Celestiger
0 like 0 dislike
1 Comment 259 views
How to Choose A Name For Your Company That Makes Sense ?

How to Choose A Name For Your Company That Makes Sense ?

by SilkPredator
Connect with us:
...