Do your customers love your products & Services & often tell you that you should take your presences nationwide? (Global)

Do you have a unique business concept that if you could just get people to sell it for you know it would be huge hit?

Do you have a great product or service but you are struggling to get / find commissioned sales people that will sell it for you?

There are common questions/ challenges faced by small / medium business owners.

When we try to find strategic Solution to any of above problems one sample solution emerge which answers all above fretrationr for growth the solution ties in franchising our business.

Franchising is a very effective route to expand your business operations in fastest time frame.

Lets see our market place to identify 3 major business brands which are highly successful today in playing a dominant role in the market.

1. Delhi Public School
2. Career Launchers
3. Mothers Pride’s Play School

We know these businesses have grown fantastically taking franchising route to success.
It is very successful at profitable method, why very few small business owners utilized franchise method.
The reasons are given below:-

1- People think it is too complicated

2. They fear they will lose control.

3. They believe it is very expensive

4. They don’t think they have a business that can be franchised.
or
5. Most importantly they don’t know how to proceed ahead. They never got started.

All the above fears are incorrect. The fact is that all businesses can be franchised to grow phenomenally.

There are 10 business areas that make your business ready to franchise route to success:-

1. You need to have good business concept- products/ services. It need not be completely new ideas. Look around to notice how may CAT coaching centers/ playschools are franchised profitably.

2. You need good operational system. This means many of your operations have set procedures/ systems/ methods.

3. Business must be sample to understand. You should be able to teach it to other people in short period of time.

4. Your business needs to make money. If business is not profitable, No point in franchising. You should know if your franchisee can earn at lease 15% profit / return on investment.

5. You must plan by to manage a corporation. You will be managing larger business. So mindset of franchiser and management skills are keys to success.

6. Your business must have some VSP (unique selling proposition) so it looks attractive to investors.

7. Your business must have appeal to people in other cities / regions/ states. The demand of the product must be widespread.

8. Your business plan does not complete with any very large dominant competitor.

9. The inventory used in your business must need finance. You must create financial leverage so it is best to have assets that can be financed.

10. You must be willing to take professional advice you will need to franchise your business.
It is a new give to super success and it has its own rules.

Franchising is a strategic marketing step to expand your business in shortest possible time.

You will be surprised to know that despite downturn in the economy, franchising route to growth has proved successful. Its a winning strategy.

Franchising your business can be an excellent way of expanding your company’s profile in any locations, states and nations. When you make the plan to franchise your business, you basically give rights to investors to use your trademarks, logo and proven business who in return of this pay you a fee on some pre-defined terms. Even if franchising is popular for many companies, it is not always necessary that it will be for your business concept too. Not all businesses can enjoy the benefits of franchising.

To franchise your business in a fruitful manner, a lot of preparation is required from your end. In fact, you should think about franchising only if your business is ready to franchise. The conclusion must be made from your end. But the question is how? Well it is very easy, just get answers to some questions such as: Is franchising right for you? Is your business expandable? Will the target audience like your products or services? Having answers to these questions will give you an idea whether your business is ready to become a franchise.

In fact, if you are not able to analyze yourself, take help of a franchise consultant. There are many companies and firms who offer franchise consultancy and are ready to help you in all possible manner.

A franchise consultant will help you to know:

The unique characteristics of your business that might help in franchising your business. For any franchise business to be successful there are certain elements such as unique product line, quality management, easily manageable concept and so on.

There has to be something unique about your product or service that investors might be interested upon to invest in your franchise concept. This unique element must be the highlighted part of your franchising network.

Market survey by professionals is must to come to a conclusion whether your business can be franchised or not. Franchise consultancy firms will first do a survey of the market to find what whether there is a demand for the products or services your company might be dealing with.

Experts will also decide on the budget required to franchise your business. Developing a franchise business needs both time and money. Once you are ready with the franchise proposal, you’ll also need to market your franchise opportunity. Financing your franchise expansion is a very important part of your plan to franchise your business.

When franchising your business, you need to provide a blueprint of your business operation, training, marketing, financial and legal aspects of the company. By taking help of experts you can successfully franchise your business.

There are many franchise consultancy firms who even help in preparing a franchise agreement and business proposal that are must when you decide to franchise your business. It is the detailed business proposal that will attract investors towards your business concept, and on the other hand without franchise agreement no one will take your business as a genuine one.

To conclude, taking help of a franchise consultant helps in franchising your business in a legal manner and in a way that can help you earn profit. Hence, if you have an established, successful business franchising your business is just the right option for you to consider.

Most people want to own their own business. If you are one of them, what could be the kind of business would you want to put up? True enough, many people quit their present jobs in order to have their own business. Despites the elements of the unknown, having your own business is very rewarding. However, because many of the businesses do not succeed during the first few years, deciding on which type of business to venture to is difficult to do. In order to avoid experiencing a failure in a business venture, many would-be entrepreneurs turn to buying a franchise.

What is a franchise business? A franchise consists of a string of businesses such as restaurants, convenience stores, business shops, gasoline stations among many others. Many people are now venturing into having their own franchise business because of its many advantages. Of course, where there are advantages, there are also disadvantages, which can make many prospective business owners to think twice about their decision.

Before making the big decision of buying a franchise, here are some pros and cons that you might want to study and consider.

The Pros of buying a Franchise business

When you are someone who would like to go the way of opening a start-up business, it will definite take time, experiments, money and even disappointing results before a business can really take off and make a profit. On the other hand, a franchise business already has a fool-proof method for success. If you acquire a franchise, you are provided with ready marketing and promotional materials and tools and other strategies that are sure to draw customers.

Franchise business already has a customer base to regularly patronize it. Perfect examples of franchise businesses which have established customer base are 7-Eleven and MacDonald’s. If these are your franchise business, you will taste business success soon enough.

The Cons of Buying a Franchise Business

Even if you are a franchise business owner, rarely do you call the shots. Franchises have very strict rules for the franchisees to follow. For example you may want to apply a certain type of promotion and advertisement for your franchise or perhaps you might want to increase the prices. You cannot do this on your own without the franchise’s prior consent. The franchise’s corporate department is the one to make decisions on all aspect of the franchise business.

Franchise business is an expensive business. There are exorbitant start-up costs and franchise fees for franchise owners to contend with. There may even be monthly fees to be paid for the business support and advertisements. Many franchises also require that aside from loans from banks, prospective owners should also put up and invest their own money.

What made the franchising industry of the Philippines successful? According to the PFA or the Philippine Franchise Association, the franchising industry of the Philippines had gained significant growth over the past couple of years. The reason why is because of the many new franchise businesses available in the country today, such as food-stall and food-cart businesses.

Franchise Businesses from Then and Now
According to the PFA, most franchise business in the Philippines were large businesses such as convenient stores, fast-food restaurants, and many others. Because of this, most of those which were able to franchise a business were wealthy Filipinos, companies, and corporations.

Today, however, a number of new franchise businesses were made available in the Philippines which can offer many more Filipinos the same opportunity that wealthier Filipinos have had with Franchising business Philippines. This is when food-cart and food-stall businesses were introduced as a franchise business in the Philippines.

Success of Food-Cart Businesses in the Philippines
Food-cart and food-stall businesses were first established as small businesses by private Filipinos. However, when different franchising companies and corporations in the Philippines have found its potential as a small franchise business, many of these have started to acquire the ownership of those small businesses and distribute it as a franchise business for the average Filipino.

Since then, the popularity of franchise businesses had significantly grown, particularly for these businesses. So what are the benefits can these types of businesses offer:

Affordability
One main reason why these small franchise businesses became popular is because of its affordability. Compared to larger franchise businesses, food-cart and food-stall businesses are far more affordable, allowing more Filipinos to have the opportunity to start their own successful and profitable business.

Simplicity
Another reason why franchise businesses became popular is because of its simplicity which allows its franchisees to manage it by themselves. Because of its relatively smaller size, these businesses can be easily placed and moved from place to the other. And in addition to that, these businesses can also be easily manned by one or two personnel.

Availability
Another reason why franchise businesses had gained a lot of popularity in the Philippines is because of its availability. As the industry grows, the number of new food-cart and food-stall franchise businesses had also grown, which introduced many new franchise businesses that gave more choices for Filipinos from which of these small businesses are suitable for their preference.

Thinking of starting a business? You may have been suggested to consider franchising. This is a type of business opportunity where you can sell or offer the products or services of an established company under the same set up. A good example of this is the food company McDonalds, whose franchise allows any interested investor to set up his or her own McDonald’s fast food store. Franchising is a way for businesses to expand and increase their consumer reach. And for some investors, this may be a very lucrative business opportunity. Others may find such no luck.

If you are considering franchising, it is best to study the dynamics first before plunging into it. Gathering information is vital to the success of your venture. It is good thinking to get as many information as possible, especially since there are numerous franchising opportunities everywhere, you have to learn to discern one from the other and make a good and informed decision.

There are many resources for finding information on franchising.

– You could start with the internet, where there are thousands of tips and business advices available. There are also a lot of dedicated websites that deal with franchising topics, you are sure to find plenty of information on going about it. You may also come across franchisors that advertise their offer online.
– Similarly, you can also check your local public library for books, newspapers and other reading material for the same information. Plus, libraries normally have a business section where you can gather company information. Seek the librarian for help, if needed.
– If that is not enough and if you need an in-depth profile of the company you are interested in, you may inquire from your local government agency, a consumer bureau or any business group or organization. They may have files and information on: 1) the regulations, rules, processes of franchising; 2) the structure and procedure of the company you are eyeing; and 3) maybe even complaints about violations or investments against the company.
– You can also opt to subscribe to business magazines. If there is a particular magazine that only deals with franchising, then that’s the one you should get.
– Inquire from your local consumer bureau on the possibility of a seminar on franchising.
– And if possible, interview or seek help from other franchisees themselves.

There is no such thing as too much information in this case. As a possible investor, you have to carefully study where you will be putting your money. So, if there’s an opportunity for you to learn more about the business, the company and its product then grab that chance and make good use of the resources.