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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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The Pilot Franchise
A pilot franchise is a very good idea for potential franchisors to undertake before committing to franchising the business. It allows the potential franchisor to assess the business model and its attributes before deciding it is worth the investment to expand the business.
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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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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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Which Franchise Industry Would Suit Me?
So you want to be your own boss, and you've decided that franchising is the way you’re going to do it. Excellent choice. The question to address now is: which industry would suit you best? Have a go at answering this questionnaire, which may just help to push you in the right direction.
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Women in Franchising
Women are realising that franchise ownership can offer them unparalleled freedom and opportunities to succeed in the business world.
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Different Types of Work-From-Home Franchises
We look at some popular home-based franchises to help you decide which is the best choice for you.
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Home-based Franchises For Stay-at-home Parents
In this month's article, we take a look at the benefits of home-based franchises for working parents. Achieving a healthy work-life balance has never been easier!
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Starting a Food Franchise
Food franchises generate significant income for the UK industry. Take advantage of this lucrative market by finding out all you need to know about starting a food franchise.