Tags |
|
|
Links |
|
|
Casual Articles - Franchise Opportunity - Questions To Ask The Franchisor - #39
"I don’t care what the project is, I'm not committing to anything until the budget is worked out!" We've all heard that one. Or how about, "I know what the boss said but when it comes time to account for sales it is going to be me, not you, I'm not doing it!" Ever heard a tirade like that before? Both of those attitudes and the many that go with them wi
The most important
As a trucking company owner you are very aware that transportation companies are quite demanding when it comes to cash flow. They need regular cash to be able to meet all the ongoing expenses. As long as cash is coming in at a nice rate, your trucking company operates like a well-oiled machine. But if there is a hiccup in the cash flow, the well oiled m
Whether it’s hamburgers, pizza, telecom, coffee, Internet, muffler parts, or seniors’ services, there are Franchise opportunities available to evaluate. There are great Franchise systems, good Franchise systems, and bad Franchise systems. The challenge is to ask the right questions to find the right system that will fit your goals and dreams. The key is to ask the questions – and listen closely to the responses. Only then can you determine if the Franchise opportunity is the right fit for you. So whether it’s food services like burgers or coffee, professional services like telecom or IT, or manual services like cleaning or oil changes, ask the questions and record the answers.
Communications With Existing Franchisees
One of the most important sources of valuable information will be the existing Franchisees. The Franchisor’s system should include available exposure to all of the Franchisees. First of all, in most jurisdictions where Disclosure Documents are required, one of the required disclosures is a full list of all Franchisees, including contact information.
If you get a feel that a Franchisor is discouraging you from communicating with certain Franchisees – well, there’s that alarm bell again.
That’s not to say that all Franchisees will be happy, or that all will be great operators. In fact, most systems have disgruntled or unsuccessful Franchisees. It will be important for you to speak to the top echelon, the middle range people, and the poor performers. The test should be to identify the factors that differentiate the groups. Then determine how you are more like the successful people, and how you are not like the unsuccessful people.
The most important
Classifying business by sector* The primary sector comprises firms involved in extractive industries, such as mining, fishing and forestry.* The secondary sector comprises businesses involved in manufacturing, such as the car industry and firms producing personal computers.* The tertiary sector consists of organisations in the servi
Communications With Existing Franchisees
One of the most important sources of valuable information will be the existing Franchisees. The Franchisor’s system should include available exposure to all of the Franchisees. First of all, in most jurisdictions where Disclosure Documents are required, one of the required disclosures is a full list of all Franchisees, including contact information.
If you get a feel that a Franchisor is discouraging you from communicating with certain Franchisees – well, there’s that alarm bell again.
That’s not to say that all Franchisees will be happy, or that all will be great operators. In fact, most systems have disgruntled or unsuccessful Franchisees. It will be important for you to speak to the top echelon, the middle range people, and the poor performers. The test should be to identify the factors that differentiate the groups. Then determine how you are more like the successful people, and how you are not like the unsuccessful people.
The most important
Customer retention is vital to a business. If you cannot retain your customers you will be continually losing current customers and always on the search for new ones. This can be very expensive. Retaining current customers means continual sales which is essential to keep your business afloat. Here are some keys to keeping your customers that can be lear
Communications With Existing Franchisees
One of the most important sources of valuable information will be the existing Franchisees. The Franchisor’s system should include available exposure to all of the Franchisees. First of all, in most jurisdictions where Disclosure Documents are required, one of the required disclosures is a full list of all Franchisees, including contact information.
If you get a feel that a Franchisor is discouraging you from communicating with certain Franchisees – well, there’s that alarm bell again.
That’s not to say that all Franchisees will be happy, or that all will be great operators. In fact, most systems have disgruntled or unsuccessful Franchisees. It will be important for you to speak to the top echelon, the middle range people, and the poor performers. The test should be to identify the factors that differentiate the groups. Then determine how you are more like the successful people, and how you are not like the unsuccessful people.
The most important
Here are my answers -- sometimes - never - maybe - it all depends. You may think that's an indecisive response, but few things have concrete, no diversion, answers, especially when it's your future and financial security.You will assume this is a great time to interview. It begins by thinking about FOOD and knowing it's FREE to you. But
If you get a feel that a Franchisor is discouraging you from communicating with certain Franchisees – well, there’s that alarm bell again.
That’s not to say that all Franchisees will be happy, or that all will be great operators. In fact, most systems have disgruntled or unsuccessful Franchisees. It will be important for you to speak to the top echelon, the middle range people, and the poor performers. The test should be to identify the factors that differentiate the groups. Then determine how you are more like the successful people, and how you are not like the unsuccessful people.
The most important
Safety signs describe a specific object, activity, or situation to be avoided. They usually provide information or instructions about safety at work by means of a signboard. They may be expressed in various ways. Colors, illumination, and sound may be used. These safety signs depend on placement. Prohibition sign generally means a sign, which does not a
The most important point is that the Franchisor has a system to allow efficient access to all Franchisees. Some Franchisors will provide email questions to send to all Franchisees plus ask you to call your own sample from the complete list. Others will provide for conference calls with several Franchisees. Others will provide for Discovery Days including existing Franchisees. Of course, conference calls and Discovery Days will include ‘favorable’ Franchisees. That doesn’t mean those processes aren’t very helpful – you just have to realize who you’re dealing with.
Other Franchisors will ask you to talk to people in your geographic area. Or people with a similar background. All of these things make sense, but you must ensure that you also have the ability to communicate with any existing Franchisee, and not just the suggested sample. You will be able to judge the Franchisor’s openness through their reactions in this process.
To receive a free copy of an E-Book titled ‘Franchise Opportunity – Making The Right Decision’ by Dennis Schooley, email that request to corp@schooleymitchell.com.
HTTP = HTML link (for blogs, profiles,phorums):
<a href="http://www.casualarticles.com/article/18211/casualarticles-Franchise-Opportunity--Questions-To-Ask-The-Franchisor--39.html">Franchise Opportunity - Questions To Ask The Franchisor - #39</a>
BB link (for phorums):
[url=http://www.casualarticles.com/article/18211/casualarticles-Franchise-Opportunity--Questions-To-Ask-The-Franchisor--39.html]Franchise Opportunity - Questions To Ask The Franchisor - #39[/url]
Related Articles:
Bookmark it:
|