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The Franchisee's Perspective

Evaluating Yourself

You should take the time to assess your individual skill set strengths and weaknesses before deciding to invest in a franchise or business opportunity. Use this on-line assessment to define your skill set strengths and weaknesses…

Assessing the Business Type

You should check that any franchise or business opportunity you are interested in investing in, is a genuine franchise or business operation. Use the checklist provided here as a guide to asking the right questions about a franchise investment before investing your hard earned money.

Assessing the Franchisor

When assessing a potential franchisor you should follow the checklist provided in this article to clearly define the franchisor’s credibility. The Franchisor…

Assessing the Business Proposition

You should assess a franchise business proposition according to the checklist provided here, and ask the relevant questions when analysing the business proposition.

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The Franchise Agreement

After you have assessed the business proposition and the franchisor, researched the industry and the franchise opportunity you would like to invest in, you should be ready to sign on the dotted line! You should, with the legal help of a solicitor analyse the Franchise Agreement, and to ask the following questions in this article to make sure you are getting the best deal for your investment.

What the Franchise Agreement Should Include?

View this article on the key clauses that should be included in the franchise agreement. The following six clauses – training, brand or intellectual property protection, support, business system improvements and Marketing and PR- should be included as obligatory within the Franchise Agreement.

Franchising: The Stepping Stones

Read this article for an overview of the key steps you will have to take when deciding on investing in a franchise or business operation. Remember every franchise business model is different and unique and will have different criteria. It is up to you to take the relevant steps to find the perfect franchise to suit you.

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Using a Franchise Broker

A good franchise broker can help aspiring franchisees to choose their prefect business by providing them with expert insight into possible opportunities with the franchisors they represent. They can save valuable research time and can often point franchisees in directions they would not otherwise have thought of but which could turn out to be the right ones for them.

Starting Your Own Business

Read this article on key tips relating to how you go about setting up your own franchise operation. Key issues are finance, franchise costs, location and most importantly a realistic and fool-proof business plan should be drawn up by you.

Growing Your Franchise Business

After creating a unique business plan for your start-up business, this should help you with the first initial stages of the business operation. You should consult your business plan when you need to make changes, adjust, add new staff etc. This will help you keep on track and grow your business into a successful franchise operation.

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Operate a successful franchise

For many franchisees the successful nature of their business depends on how the manage to plan for the future with the implementation of strategic business and financial plans. In order for the franchise business to be successful, it is important to concentrate on the daily activities of the business. Keep in mind the following points when you decide to invest in a franchise or business opportunity to ensure its long term success.

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Marketing a Franchise

View these key points in relation to the marketing of your franchise or business opportunity. Either your franchisor or you will help promote the business on a local or national level using effective advertising and PR campaigns. However, for first-time franchisees, generally the franchisor will create and allocate marketing campaigns on behalf of the franchisees.

Master Franchises: Benefits & Demands

Master franchises give people with significant funds to start a business a degree of power, as they will be in charge of the other franchises that are established in a specified country or region. View this article for a list of the benefits of Master Franchise Licences and the demands placed upon a Master Franchisor.

Multi-Unit Franchising

An individual or company acquires the right to establish a series of franchised units over a specified amount of time. These units will usually be located within an exclusive territory. The franchisee operates the units according to his/her own account.