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Article Check - Franchise Opportunity - Questions To Ask The Franchisor - #39
If you want to see new opportunities for your business and increase your decision-making speed and accuracy, begin by looking outside your own business—even outside your industry—at trends and patterns that you can apply to your own organization. Ask yourself, “How do others do what they do?” The fact is that you can learn from observing others companie
Starting one's own business was never so easy. Now thanks to the advancement in web-based technology, you can virtually start your business without moving a muscle. All you need is an access to the Internet and you can go about starting your dream venture. The first thing that comes to mind when you are on the verge of starting your business is the busi
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 require
Singapore’s Changi Airport has been rated #1 in the world so many times the trophy cabinet is bulging.They’ve hit #1 in efficiency, speed, shopping, security, safety and ease of use.But the category called ‘courtesy and friendliness’ has eluded Changi Airport’s capture. This is not surprising, perhaps, given that the local culture has grow
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 require
The first two questions below are self-assessment questions that address your interests, motivations, and potential. The last five questions are company-specific and must be answered separately for each company you approach.What is your dream job?Whether or not you know the answer to this question, you owe it to yourself to talk with as ma
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 require
A lot of event planners struggle to get up-to-the-minute stats about who's coming, how many people are coming, and how many spots are left. This is because they're hand-counting forms, tallying up call-in registrations, and manually updating Excel spreadsheets to find the right numbers.This is so unnecessary.Using an online registration s
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 require
Don't you just hate job interviews? Or perhaps you don't! I know I do. Well, it's not so, much the interview itself as the fear of the unknown questions they have prepared. I bought a book once on how to answer job interview questions and although it was a useful confidence booster, it did little to improve my chances of getting job offers. A one-to-
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 point is that the Franchisor has a system to allow efficient access to all Franchisees. Some Franchisors will provide email quest
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