How can know franchising is the right strategy for our company?
594444
It boils down to dollars and cents. If the brand franchise is a popular one, you may not make the dollar targets you aspire simply because of popularity. Otherwise if the brand franchise is for a new or expanding market, then you stand to gain.\n\nYour investment vs how much you generate and how much you profit you gain should help you determine if this is the right business model. \n\nI have seen franchises fail simply because people assume the brand is strong. Do your math and research.
685969
Try a franchise venture of fast moving item.
1063751
With the continuous growth in competition in retail sector and retailers even struggling for survival, new and new techniques are being applied to set-up, establish and run the show successfully.\n\nYou have many suggestions above and there are hundreds of examples in real life, yet business are not the same over period of time with the retail stores and they keep on modifying with the changing pace and market situations.\n\nSo many factors would determine your marketing and business running techniques such as your competition, location, type of products - consumable or durables, your resources, flexibility in business model......Have you thought of seeking professional advice on the subject?\n\nYou have options of trying hit and trial methods, from amongst the various suggestions applying your logics or you can avail qualified and experienced business advice. It is ever changing market and you need to be continuously on alert and not just once to start and make it move a business.
285268
How are you at guessing?  You have to take in account the overall current market for the product or service you are trying to sell.  You have to take in account your ability to provide product.  You must take in account the minimum you must sell to support your business plan.  So pick a number that is reasonable to expect based on your products advantages over the competition, your ability to sell these advantages, your ability to deliver the product and whose sale numbers will support the business plan.
16530
If it is an ongoing business, be sure customer base is spread out, in other words, one customer doesn't account for more than 20% of the total business. Check out the 20/80 part of your business, 80% of the businesss comes from 20% of your customer base. Do you have a non-compete clause in buying contract?\n    Will current owner help get you up and running? Are you an employee now, if yes, will customers come with you when the change is made? Current employees, do they know, and if so, are the ok with change, business is hard enough, without having internal problems right out of the gate!
670315
Do you want to know how to purchase FRANCHSIES?\n\nContact a business brokers, like Empire at the following link:\nhttp://www.empiretristatebrokers.com/\n\nOr lookf for franchises here:\n\nhttp://usatoday.franchisesolutions.com/\n\nHeop this helps!\n--J.
844085
Depends what you're selling in your store really.\n\nSo your previous answerer was absolutely right really.\n\nYou need to check the demographic of the population, what competition you have in the area, etc.\n\nFor instance.............if the average age of the population is 50+ there would be no point opening a baby shop................or no point opening a burger bar if there is a McDonalds on one corner of your block and a Burger King on the other !\n\nIn very simple terms, most very basic business estimates use the Pareto Principle (otherwise known as the 80/20 rule). This basically says that in a business 80% of the sales comes from 20% of the customer base. \n\nThis can be applied to many other statistics, so in your case, 13791 people are your target market. How you get them through the door is down to you, your product, your pricing, and your marketing.\n\nGood luck.
187957
You need to learn first about franchising, as it is a complex and expensive arrangement. Yes, there are contracts involved and getting out of a franchise agreement is not easy. Startup costs are also significantly higher, and you have recurring royalty fees that you need to pay to the company.\n\nHere are some resources to help you learn more about franchising:\n\nFranchise Times Magazine http://www.franchisetimes.com/\nFranchise.com http://www.franchise.com\nInternational Franchise Organization http://www.franchise.org/\nFranchise Handbook http://www.franchisehandbook.com\nFranchise Update Magazine http://www.franchise-update.com.\nFranchise International http://www.franchise-international.net/...\nEntrepreneur.com http://www.entrepreneur.com/franzone/listings/fran500/0,5831,,00.html \nhttp://www.powerhomebiz.com/startup/franchise.htm\n\nYou may also want to read the following books:\n\n- Franchise Bible : How to Buy a Franchise or Franchise Your Own  \n- Tips & Traps When Buying a Franchise  \n- Franchising for Dummies  \n- 220 Best Franchises to Buy : The Essential Sourcebook for Evaluating the Best Franchise Opportunities  \n- Franchising 101 : The Complete Guide to Evaluating, Buying and Growing Your Franchised Business  \n- The Franchise Kit/a Nuts-And-Bolts Guide to Owning and Running a Franchise Business
365545
There isn't one "right" way to get a company recognized.  The best strategy depends on the company's products, their image and their target market.\n\nPicture yourself as a potential consumer of this company's product.  What are you like?  What do you do - for work and for fun?  What kind of things interest you?  What type of websites do you frequent?  Whose opinions do you value?  What could influence you to consume this product?\n\nThe answers to those questions could help lead you to where to market the company and what strategies to use when marketing for the company.
424324
E-Mail me with your contact info, I already have it completely setup.  Just work with our gateway and establish your own franchise with us.  We have some other frachises already up and running.  Text "Carlo" to 646-763-7356 and get my direct contact info....\n\nRegards,  \nCarlo - President & CEO\n\nTextMeIn.com\ntextllc@gmail.com
531283
Well, first you must register your trademarks in order to protect its use.\n\nThen you must develop a business model in order to attract potential clients interested in franchising your business.  You must determine certain issues like the look of the business areas, colors, materials, etc.\n\nThen the most important, you must have a competent lawyer in franchising or commercial/business law draft you a franchise contract that addresses all the issues you have determined in the model, exactly how you want your franchise to be run.\n\nAn expert consultant could also give you more detailed insight into franchising.
1075690
Buying or opening a business is much like buying a house, before going into business, take a moment and think about what will happen when you want to get out.\n1 - A franchise will appreciate, McDonald's is much more expensive now than 20 years ago.\n2 - Name recognition through advertising\n3 - Proven business model\nDo the research at Entrepreneur.com, it is an excellent source of info on over 100 franchises. And finally stay away from websites "franchise farms" that only offer a place for u to put in your contact info. Almost every franchise has a website
108745
Actually, you may get a government grant. You WILL have to get a loan. Talk to the company you wish to franchise. Most of them have plans to choose from, and can direct you to funding.
1123115
The best strategy for achieving success in any business is to look at your business through the eyes of potential customers:\n   \n*Why would I want their product or service?   \n*Why would I do business with this company?\n*How would I want to be treated?\n*How would I want my account to be serviced?\n*Why would I continue doing business with this company?\n\nAddress those issues, and always view your company through your customer's eyes, and you will have a head start on being successful.
19898
a franchise would be a good option for you
981925
It depends.  The franchises with the best brands tend also to be the most difficult to aquire.  Top franchises may require that you have several hundred thousand dollars in net worth AND bring tens or hundreds of thousands to the table in franchise fees and startup costs.  I'd strongly suggest you subscribe to, and religously read, INC magazine (www.inc.com) and Entrepeneur (www.entrepeneur.com).  INC is more focused on the business side, while Entrepreneur tends to deal more in franchising and has a great web site for info on franchises.  Obviously there's a lot of overlap between the two...but that's just my perpective.   I've toyed with the idea of finding a franchise, but I don't like the business model from a franchisee's perspective.  If you need a "franchise consultant" as some suggest, you probably shouldn't be getting into a franchise in the first place.
273082
Go to www.franchise.com - a broker of franchises.  They probably have that stat on their main page.