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Atricle Dump - Franchise Problems - Trouble In Store For New Franchisees
There are several ways to get and to keep customers, and one of them, which many companies use, is the satisfaction guarantee.There are many types of guarantees, and it is worth the effort to consider which ones are best suited to you and to your clientele.Here is a brief overview:(1) Subjective Satisfaction GuaranteeWhen you think
From the franchisors point of view this is understandable. They wish to preserve their brand and ensure that their franchise revenues are maintained without disappearing into similar but independent businesses.
However listen to the tone of those quotes and remember that the franchise is frequently sold as a part
A franchise is simply a business where a tried and tested format is applied to businesses in each territory. All the guidelines for managing the business are clearly set down in a manual. The owner of the franchise business will be expected to follow all the procedures laid down in the manualWhen you start a franchise business, you have to pay an upfro
However, every now and then the mask slips and the true nature of the relationship becomes clear. Here are a couple of quotes from an article written for the benefit of franchise owners.
'Business owners considering launching a franchise should be draconian in the way they manage franchisees'
'In a nutshell, micro-manage (your franchisees). Weekly reports are filed and any discrepancies or signs for concern are followed up with the franchisor immediately. It may sound harsh but it is the only way to really keep tabs on the business'
These quotes come form an accountancy firm that specialises in advising franchise owners. The advice backs up the experience of many franchisees when they actually hand their money over and start their business. While they are starting out the Franchisor is a welcome shoulder to lean on, however once they are experienced they often find the franchisors meddling intrusive and irritating. Key areas of conflict tend to be around the blind application of the 'rules' in inappropriate circumstances and perceived moves away from the franchises market into other areas of business.
From the franchisors point of view this is understandable. They wish to preserve their brand and ensure that their franchise revenues are maintained without disappearing into similar but independent businesses.
However listen to the tone of those quotes and remember that the franchise is frequently sold as a part
The biggest mistake business owners make is waiting too long to sell. Have you ever heard, “I sold my business to early?” Compare that with the number of times you've heard somebody say, “I should have sold my business two years ago.” Unfortunately, waiting too long is probably the single biggest factor in reducing the proceeds from the sale of a privately
'Business owners considering launching a franchise should be draconian in the way they manage franchisees'
'In a nutshell, micro-manage (your franchisees). Weekly reports are filed and any discrepancies or signs for concern are followed up with the franchisor immediately. It may sound harsh but it is the only way to really keep tabs on the business'
These quotes come form an accountancy firm that specialises in advising franchise owners. The advice backs up the experience of many franchisees when they actually hand their money over and start their business. While they are starting out the Franchisor is a welcome shoulder to lean on, however once they are experienced they often find the franchisors meddling intrusive and irritating. Key areas of conflict tend to be around the blind application of the 'rules' in inappropriate circumstances and perceived moves away from the franchises market into other areas of business.
From the franchisors point of view this is understandable. They wish to preserve their brand and ensure that their franchise revenues are maintained without disappearing into similar but independent businesses.
However listen to the tone of those quotes and remember that the franchise is frequently sold as a part
Interview and career planning gurus are flooding my mail box. Some one please help me! This is the frantic expression I heard over a highschool campus. At least some of you must have been receiving those so called gurus' mails. The way they flood inboxes makes you rethink whether to continue with their service at all.But Hold A Minute!Mos
These quotes come form an accountancy firm that specialises in advising franchise owners. The advice backs up the experience of many franchisees when they actually hand their money over and start their business. While they are starting out the Franchisor is a welcome shoulder to lean on, however once they are experienced they often find the franchisors meddling intrusive and irritating. Key areas of conflict tend to be around the blind application of the 'rules' in inappropriate circumstances and perceived moves away from the franchises market into other areas of business.
From the franchisors point of view this is understandable. They wish to preserve their brand and ensure that their franchise revenues are maintained without disappearing into similar but independent businesses.
However listen to the tone of those quotes and remember that the franchise is frequently sold as a part
Are All Data Entry Jobs Scams?There are many people looking for legit data entry working from home. You might be surprised to know that some have even found data entry jobs to do at home that are very much legitimate. If you know where to look, it is not so hard to find. This is where you need to put your research skills to work for you.Research
From the franchisors point of view this is understandable. They wish to preserve their brand and ensure that their franchise revenues are maintained without disappearing into similar but independent businesses.
However listen to the tone of those quotes and remember that the franchise is frequently sold as a part
Need to expand your non-US firm in order to exit gracefully with a large nest egg?For most entrepreneurs and business owners, there is a desire to expand their company to some point of success, then retire. Or move on to another business.The Usual SolutionsThere are generally two solutions: (1) Sell out directly or (2) do an IPO
From the franchisors point of view this is understandable. They wish to preserve their brand and ensure that their franchise revenues are maintained without disappearing into similar but independent businesses.
However listen to the tone of those quotes and remember that the franchise is frequently sold as a partnership between the franchisee and the franchise owner. That's certainly not what comes over here. Despite what they believe they are buying, franchisees can discover that they are still in the boss/employee relationship they have frequently been attempting to escape! For example are partners 'Draconian'? Do they need 'Micro-managing'?
So what's my advice to prospective franchisees?
1) Ask the franchisor for a view of the reporting structure that they will be asked to use.
2) Try to view prospective franchises from the viewpoint of a year down the line. Will you be happy to adhere to the structure once you know the business?
3) Ask Franchisees how much contact they have much contact with the franchisor what they've not seen eye to eye over.
4) Don't think that any concerns in this area can be overcome by negotiation. Decide if you can accept the current regime because you won't be able to change it later.
5) Try to meet face to face with the person who you'd have contact with on a regular basis if you bought a franchise. Decide if you can get on with them. Don't think that they will disappear if you ask them to.
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