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What is Franchising? Definition and Meaning
Do you know what 'franchising' actually is? Partnership, investment, business opportunities... find an up-to-date summary of franchising and see what it means for potential franchisees.
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Developing the Franchise
View these nine central points you must consider and incorporate in your franchise package. Use this list as a reference guide when you are developing your franchise business system.
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Becoming a Franchise
The first issue a new franchisor must address before franchising its business, is to consider the following four key elements- longevity and potential of products/and or services; unique brand and business identity; model is easy to operate and capable management systems established- to make the franchise system work to the best of its ability.
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Procedure for Selecting Franchisees
View the following list of relevant questions and the procedure in which you should ask these questions to assess potential franchisees abilities and skills and if they are suitable representatives of your franchise operation.
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Tips for Growing Your Franchise Business
Read this article to find out more about growing your franchise and taking your career as a franchisee to the next level!
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Franchise Fees
As a franchisee, you are expected to pay an upfront fee or joining fee as well as on-going fees or royalties to the franchisor. For a full summary of the fees you will be expected to pay as a franchisee, click on the link provided.
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The Consulting Franchise Industry
Franchise Direct speaks to Paul Lewis, UK Country Director at Expense Reduction Analysts, about the consulting franchise industry. He gives key insights into becoming an Expense Reduction Analyst, the training that is provided and the potential of the business.
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Writing Your Business Plan
Starting a new business is an elaborate undertaking; a business plan can help you stay on top of the precise planning and preparation needed. Here are our top tips on crafting yours!
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Glossary of Franchise Terms
This glossary is a comprehensive, alphabetical list of all terms relevant to the franchising and business industry with detailed information given on each term within the glossary.
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Is It Time to Be Your Own Boss?
Paul Mitchell, Managing Director of Accentia Franchise Consultants, outlines the benefits of becoming a franchisee in this month's guest article. Have a read of his fantastic piece right here!