| |
| |
|
patsbusiness2.com
|
|
|
|
Expanding Franchisee Advice
Franchisor expansion policies are not as simple as one might think. On the mind of every businessperson is the idea of expansion. We think we will make more money when you expand to a second, third, fourth, etc. unit, store or work truck. So you would think if you are franchisee of a large franchise system that the franchisor would want to help you into that additional outlet as soon as possible or, like some franchisors, much sooner. After all they will make more royalties and have an additional unit or push pin on their map of the country or state. The franchisor's goals are actually more complicated than that. Our goal is your success-profit-happiness. Running an additional unit can create tremendous amount of headaches, which a franchisee may or may not be ready for. Most franchisors have simplified this process of expanding for their franchisees. It does take time however. For instance: Training of a manager Hiring of crew members Scheduling modification Finding a good lease Modifying the location Installing the equipment Increasing the percent of new customers Setting up a labor payment programs Grand Opening Marketing Vendor Notification and Logisitics And this is just the start. Some franchisors want to see the franchisees other unit or original unit busting at the seams first. Some even recommend that you have a minimum of 1.5 times what a typical unit in he franchise system does adding units. If your unit or outlet is failing it makes little sense to dig a deeper hole. Get the problem first, then fix it. In other words, get too much business, then expand. Don't expand into the next unit until you have enough business to support both with the first one. This is one reason franchisors often have different policies for corporate franchisees and individual franchisees. A large corporation can absorb the expansion costs without taking money out of the profits of the existing units. Not every new franchisee going into franchising today understands this, but it is something you should know and think on. "Lance Winslow" - If you have innovative thoughts and unique perspectives, come think with Lance; www.WorldThinkTank.net/wttbbs
MORE RESOURCES:
Small-Business - Google News |
|
|
|
RELATED ARTICLES
Common Sources of Financing for Small Business The choice of financing is an important determinant of whether a product reaches the market, or whether an existing business can survive. The choice of financing is an important part of being an entrepreneur and business owner, and the ability to raise cash when you have no or limited history takes skill and creativity. Racing the Competition What is the Big Race all about when it comes to creating relationships?The big race is simply the ability to win the deal on a consistent basis. You will need to perfect your message, be able to state it clearly and precisely, and follow up relentlessly. A Portable Trade Show Exhibit Makes for an Easier Show You can make your trade show experience much easier by using a portable exhibit. Since you control everything related to transporting it and setting it up, you won't have to hire firms to for those things for you. Politics, Environmental Rules, and Mobile Car Washes During the California Recall Election, I was very interested. Without getting into the political scene at all; my entire company, The Car Wash Guys, and all our staff and franchisees were closely watching The California Recall and Election. Routine Maintenance of High Pressure Hot Water Motors If you run a pressure washer business you need complete uptime on your equipment, break downs can be costly if your billing rates are $100 to $150.00 per hour. Entrepreneurs Go Virtual! With the massive explosion of start-ups and home businesses developing, you'll be hard pressed to not know of someone going down the entrepreneurial route. Nowadays you can set-up shop and start trading in a matter of days, and the preferred choice for the neo entrepreneur is a service called Virtual Offices. Franchisor; Ongoing Support and Ideas Ongoing support for a franchise system is omnipotent. A major part of any family relationship is communication. From Birth to Death Your product is dying. With the same inevitability that we humans move ever closer to death, so does every software application move towards its eventual demise. Finding a Venture Capital Firm Many ventures are faced with the challenging task of raising venture capital. The first part of this process is finding the right venture capital firm (VC). Over Disclosure Hurts Businesses Many investors and business ethics professionals are calling for more transparency and regulators are calling for more disclosure. Yet in the franchising industry this can spell disaster indeed. Environmental Pressure Washing in Pennsylvania If you run a mobile car wash, mobile fleet washing company, mobile auto detailing business or a Pressure Washing firm in Pennsylvania there are things you should know. Pennsylvania is serious about cleaning the environment. Shocking Experienced Copywriter Reveals Little-known Secrets To Closing BIG Ticket Deals! Hogwash!That's what I say to people who tell me that their business is purely and solely a "cheapest price business."People who stubbornly insist that "MY business is different" are right, but not in a good way. 1 Overlooked Key to Small Business Success Is this you?You dreamed of owning your own business, doing what you love and enjoying unlimited earning potential. You researched. Mobile Carwash; Senior Citizens and Mobile Homes Senior citizens are generally not a large marketing segment for mobile detailers or car washers, however, they should not be ignored. You will find in a near by area a seniors-only mobile home park. Overcoming Your Biggest Competitor Before you read any further in this article, I'd like you to take a moment and write down who your biggest competition is.OK, got it?I'm going to go out on a limb here and tell you that no matter what company you wrote down, you're wrong. Chamber Membership will BOOST your Business When is the Chamber ideal for your business?Joining a Chamber of Commerce is likely the best thing any business or individual can do. Chambers provide many benefits to members. Increase Profits With a Small Investment of Time and No Money The less a business pays for goods and services the more profit that business generates. How does a small business with limited purchasing power get access to lower cost goods and services? The answer is simple. The Hidden Treasure in Your Business I started working with another new client last week. He has been in business for about a year and a half. Using Business Broker In the Franchising Industry for Franchise Sales Franchising companies often use Business Broker to help attain sales goals. Here is an interesting fact. One Of The Best New Business Opportunities May Be Right In Your Home - A New Daycare Business The day care industry is expanding. There are now more than 100,000 licensed child-care centers and 250,000 licensed family day care homes across the United States.
|
|
Small Business Information | Traffic Building Information Powered By: Work At Home With Google - FREE! |
| © 2006 |
