Obviously, there’s a HUGE market for this method of business ownership. ? Affiliate Franchising This type of set up is typically used by an owner of an established business who decides to join/affiliate with a franchised chain. Dealers buy products usually from the manufacturer at wholesale prices. It’s required by Law that prospective Franchisee’s are provided Comprehensive Disclosure, a copy of the franchisor’s Standard Franchise Agreement, Audited statements, a list of the names of all of the Franchisees, as well as a copy of all documents that require the franchisees’ signing. Unit Franchising Is the most simple type of franchise in which the Franchisor grants the franchisee the right to operate a single operation at a specified location or within a particular territory. Why? ? You are responsible for payment whether your business is profitable or not. Area Development Franchising In accordance with a “development schedule”, the franchisee agrees to establish a predetermined number of “unit franchises” within a particular territory. Common to all franchise programs, the franchisee[ you] is responsible to pay the franchisor, advertising fees, initial fees, service fees, and or royalty fees. Conversely? ?Your Banker should have access to the Dunn and Bradstreet Report on the particular Franchisor. Have you STUDIED the franchiser’s Comprehensive Disclosure Statement? Consequently, it is critical that you investigate the franchise thoroughly prior to purchasing. Further, they perform regular interviews with both franchisees as well as with franchisors. By law, each of the above must be provided at least 2 weeks prior to buy date. I’ve heard the saying, “if you buy a McDonald’s, be prepared to eat burger’s for breakfast lunch and dinner.” In other words, your business requires commitment. NonTraditional This type of set up is customized between the franchisor and the franchisee. A Franchise is a business in which “… Considerations when buying a franchise ? ?Franchise Lawyer ?Federal Trade Commission Public Reference Branch ?UFOC “Uniform Franchise Offering circular — the material that is provided by law, by the franchisor to the qualified franchisee. Other programs are less restrictive and allow for the usage of both a trade name in addition to the franchisor’s brand name. Consequently, leading others toward business ownership has become a passion for Shawn. Possibly a Home based Franchise is your answer. Franchises are not the same as Dealerships and distributorships A dealership or distributorship differs from a franchise in that there is no FEE involved. There is a continual rise in the number of franchises. Will the franchisor provide ongoing education and support? There’s a benefit to purchasing a franchise that is well known ? Bridging the Gap between Opportunity and Success, OwnABizToday.com Due to her terminally ill, physically and mentally handicapped child, Shawn was FORCED out of the “job market” and FORCED into “self employment” …After experiencing a multitude of financial difficulties. This allows for the benefit of the franchises brand. ? Additionally, many franchisor’s provide educational programs to franchisees before the inception of the business. Purchasing a franchise usually equates to a reduction in investment risks since the” system” and Franchise name is established, training and ongoing support is provided, market research has been conducted… ? This is likely the most telling of all information gathered. ? How many of the franchises have closed operation? When approached methodically and practically, Franchise ownership can be Very lucrative and much simpler than beginning a business from the ground up. Be wise and ensure that you conduct sufficient research prior to committment. Do you desire Home Business Ownership but cringe at the thought of starting from scratch? Note however, that a dealership can become a Franchise IF a FEE is paid to the franchisor AND the distributor is dependent upon the franchisor’s pay structure. If you?ll need financial backing, then you will need to create a business plan. the franchisor, the owner and developer of the franchise system licenses [you] franchisees to use trademarks, service marks, logos, or advertising owned or developed by the franchisor.” (International Franchising Association, Franchising basics). *
franchise ownership can be costly. To receive our weekly Ezine, send a blank email to: subscribe@ownabiztoday.com RSS: http://www.ownabiztoday.com/ownabiztoday.xml Bridging the GAP between Opportunity and Success, OwnABizToday (http://www.ownabiztoday.com ) With some franchise programs, the business operates using the Franchisor’s brand name only. *** Prepare a list of relevant questions prior to calling. (Common with International franchising) ? Often times, they’ve done demographic studies and other studies to ensure that you have greater odds of returning a profit. ? ?SBA Small Business Association ?Brokerage firms and analysts Since stock information on A public company is useful. There?s a handy Business Plan workbook available at our site.
?Contact the franchisor’s franchisee’s listed in UFOC. ? Subfranchising/Master franchizing Is quite similar to Area Development Franchising with the major difference being that the franchisor grants the subfranchisor the option of opening the unit franchises herself or selling the the franchises to third parties. ?Attorney General’s Office ?BBB located in the city of the Franchisor’s headquarters. Presently, Shawn is the Author of OwnABizToday’s, Ezine, which presents New Home business Start up’s and Small Business Resources each week. This is common with many realestate. Major Franchise Types ? Is Home Based Franchising for you? Additional Sources of information ?Success Magazine ?International Franchise Association www.franchise.org ?Franchise Sales Press *Get this magazine since it is known for its focus on franchise opportunities. Were demographic studies performed? Because of her life’s experiences, Shawn understands that it’s impossible to predict future circumstances and thus it’s terribly important that people…particularly parents, develop financial security.
Thermage Body Contouring