blogger – Page 24 – Franchising POC

Kiosk The Best Place To Start A Franchise Business

Posted on April 16, 2018 by blogger

Today the concept of franchising is helping many prospective investors and entrepreneurs to quit the corporate life and start their own business with confidence. Even with a very low investment one can think of starting a franchise business of their interest. People have become more conscious about investing their money due to the frequent changes in the economy and thus they look for options where the investment is low and profit is high. This has led to the popularity of low cost top franchise opportunities such as bookstores, gift shops, flower shops, apparel shops and so on. These are some business where investors can enjoy high profit.

For any business to be successful, enough time, effort and energy is required. In fact, the location of a business is very important as it is directly linked with the visibility of your brand. When we talk about brand visibility of a low cost franchise business nothing can be better than starting your business in a kiosk. In todays busy world, kiosks are growing increasingly popular, as it can does not need much space and can be opened easily. Low cost top franchise opportunities like jewellery, luxury brands, watches, sunglasses, juice shops, coffee centers, chocolates, sweets and ice-cream can generate maximum profits for the owner if started in a kiosk.

Running a successful top franchise business in a kiosk format is getting popular for a plethora of reasons. Mostly in a kiosk, low cost franchise business can be opened which is easy to start and maintain. By starting a business in a kiosk one can avoid paying large amounts of overhead or high rental fees. Due to the small size of kiosk, fewer employees are needed to manage it, keeping the operating costs low as well. As kiosks are often located right in the entrance one enjoys maximum visibility for their business. This ensures more visitors to the shop and thus registering more sales too.

Aspiring entrepreneur who is keen on starting a franchise business in a kiosk must look for a perfect location. Some perfect locations for a kiosk to gain maximum footfall and profits are shopping malls, airports, large outlets, high-streets, hospitals, university camps and local fairs. Even though the size of a kiosk is much smaller as compared to an outlet but if it the location is great, it can do wonders to your franchise business.

However before deciding and venturing into any top franchise opportunities in a kiosk you need to do your research properly. It is better to talk to the franchisors to get an idea about what type of location will be suitable for their products or services.

To conclude it can be rightly said that investing in a low cost franchise that can be started in a kiosk franchise can surely make your business success to help you enjoy high profit. However never forget that success depends upon the location of a kiosk and on how well the franchisee can manage it.

Business Franchising Online

Posted on April 11, 2018 by blogger

Franchising is a partnership between two parties. One fully owns the company and is responsible for protecting the franchise or branch. The franchise manager is responsible for maintaining the standards of the original. Both parties benefit from this partnership. The party who owns the company is called the franchisor, while the other party is called the franchisee. The franchisee has the responsibility to uphold the franchisor’s established industry standards.

The important thing about franchising is that the original business owner has to have the means to provide the franchise with the necessary equipment. That also means that the original company has also had significance in the community it serves. This can be achieved by using the Internet for marketing. Online marketing may take the form of search engine optimization (SEO), online banners, or pay-per-click ads.

Business websites are effective in introducing the company’s products, services, and standards to potential clients. Business websites are also great for attracting employees, managers, and fellow businessmen interested in franchising. It is good to make the business website aesthetically attractive, easily navigable, and extensive with information.

A business that has become famous in its original location and that has gained enough recognition can expand by franchising. A franchise is a branch, another establishment that is basically the same company but in a different location. This franchise then has a right to be known as an establishment in itself. This is where the need for franchise websites takes place.

The franchise websites act as a link to the original while being an individual entity. Web developers can make these franchise websites as individual websites equipped with links to the original business website. The original website shall also be equipped with links to its affiliates, the franchise websites themselves.

franchise websites similarly benefit from attracting customers, employees, and potential businesspeople who would like to make try their hand at a new business venture. The chain always has potential to grow. That is comparable to a tree with roots that grow so extensively that new plants can grow from it. Life goes on, and businesses keep growing. The possibilities for business growth always have the potential to flourish like a forest.

Laws of Business and Great things about Franchising

Posted on April 7, 2018 by blogger

Franchising is a type of business wherein different owner’s shares only one famous well-known. That provider allows this business persons to apply the identity, trade mark as well as its strategies meant for starting an organization. This all is not really done zero cost the franchisee in turn have paying fee into the franchisor and likewise share proceeds. Along when using the training into the workers any advertising is provided by way of the parent company after the terms within the franchising arrangement. According that will franchise law any parties needed for franchising happen to be franchisor and also franchisee.

Franchising may be a business arrange for getting together with attracting ever more customers together with having even more market positionings than a competitors. It can be a strategy for marketing meant for creation associated with a good image during the minds within the customers related to their system or products. It is certainly contract amongst the groups of individuals who specific romances and obligations and now have a well-known goal for dominating the industry. The franchise law reports that the fact that in franchising any franchisee couldn’t buy a good franchise in actual fact he is certainly investing this assets using well recognised business to apply its name and also operating system for that good setting up of this business. The franchisee will have to obtain license to build these works with.

The product of business holds many benefits. It includes less money risks consequently other business enterprises because financial commitment is significantly less but proceeds are huge.

Branding: the main benefit within the franchising is that your franchisee has got the established and also famous identity within the parent provider. Commercial type identities happen to be proven. Awesome identities for example MC Donald have used up huge payments in advertisements and developing their type. So franchisee for Mc Donald needs don’t establish some separate identity available.

Advertising: Now days or weeks no business can usually get its place available and during the minds within the customers not having effective advertisements. No one could attract designs towards your new system without advertisements. Effective advertising may be very costly as well as being essential overly. So franchising is designed with a benefit for advertising provided by the franchisor into the franchisee that could be included during franchise service charge.

Reputation: Alongside branding together with advertising, the franchisee at the same time enjoys the reputation of the franchisor. Reputation is known very important in the commercial. A online business having superior will available have steadfast clients. Using this method, reputed business saves any expenses for establishing the best repute available. Therefore, if your franchisee obtains a business he in reality buys a reputation connected to its well-known.

Training together with supports: No online business can go well but without the proper experienced staff. What is more, for an innovative business exercise of staff is really important and overpriced task. Franchisor increases the franchisee when using the facility for training. Franchise venture quarters could train any workers during everything like easy methods to use systems, how to present the service into the customers, easy methods to tackle client etc. franchisors works with the franchisee in idea their systems and implementing similar.

Lexlaw.us experience in the area of administrative agency law,regulatory law and defense and litigation is unmatched in the state of Kentucky, and extends regionally.

How To Get A Canadian Business Loan For Franchise Funding Solid Franchising Lending Tips

Posted on March 30, 2018 by blogger

They usually always start with only one question. Who is ‘ they ‘? Its clients with that age old question ‘ How hard or difficult is it to get a business loan for a franchise in Canada these days? They of course have made one of the biggest decisions in their lives/ careers, vis a vis becoming a franchisee in this booming industry – now the only problem is …’ What type of franchise lending and funding is available ?’

Well, we’ll share with you some tested and proven strategies around franchise financing in Canada, focusing on completing a successful transaction in a minimum amount of time, with a finance plan that works for you, not just the lender!

On its own franchising has somehow become an industry with a strong and viable reputation. It, like all industries was hammered hard during the 2008-2009 recession; bus has bounced back strongly, even moreso than many other industries.

So, it becomes a simply two part question then, can you get a franchise loan these days, and more importantly, how?

There are some key factors to consider, one of which is simply aligning you, hopefully with a strong franchisor. So once you have made the decision to partner with a franchisor (we use partner because we think they need you as much as you need them!) you only need one thing. Whats that one thing?

It’s a ‘ package ‘. By that we of course mean that you need a solid little package that convinces both the franchisor, and of course moreso the lender that you are equipped, from a financial and planning perspective to be a winner as a franchisee.

So what are the key elements of a successful winning plan? It’s really pretty basic stuff, and in our experience many good franchisors have already done a good job of helping you prepare for this. Those key elements are as follows – an overview of your own background and experience, an overview of the franchisors business ( its your new business too, by the way!) and a solid financial plan that demonstrates two things: how you will make money , and of interest to the lender, what type of cash flow you will have to repay the loan!

It’s a bit of mis information when franchisees come to us having assumed the franchisor helps them get the financing. Some do assist in a mild sort of way, but we can assure you that you’re on your own when it comes to achieving final success.

So the question then becomes how do you get prepared and qualified? Answers as follows! Get working on that business and financial plan we talked about. Identify the amount that you can contribute to the business, essentially your ‘ owner equity ‘, with the rest coming from your loan or loans. Typically a minimum of 10% and up to 30-40% is required.

It’s always helpful to know how the last guy succeeded, don’t you think. In reality the largest per cent of franchise financing in Canada is done via a government sponsored loan that’s formally called the BIL/CSBF program. Why that loan , and why you should investigate it ?Some great reasons are 5-7 year payback terms, great market interest rates, no pre payment penalties , and you don’t even have to personally guarantee the full loan . Is there a better deal in town? Maybe, it just that we haven’t found it.

We also hasten to add that for any type of business loan, and certainly in franchise lending, the funding and approval of your loan assumes you have a reasonable personal credit history.

So, want to get with the program? Speak to a trusted, credible and experienced Canadian business financing advisor who can assist you to meet your franchise funding and lending needs, today!

Essential terms of franchise agreements

Posted on March 25, 2018 by blogger

Before making franchise agreements, there are lots of things to be kept in mind. The agreement must be made by following laws and code of ethics. Franchising is a process of marketing goods or services which is based upon a close and ongoing collaboration between legally and financially separate and independent undertakings, the Franchiser and its Individual Franchisees whereby the Franchiser grants its Individual Franchisees the right, and imposes the obligation, to conduct a business in accordance with the Franchiser’s concept.

In the process, franchise agreement is the term which holds a great importance. A document is prepared which connects franchisees and franchisers and define the proper responsibility of each other. Franchise agreements are prepared by franchisers under the guidance of some legal person like any of the franchise lawyer. In preparing the document, there are various essential terms which are to be kept in mind. These terms include:

-Proper documentation of the rights granted to both franchisers and franchisees. -Clearly mention the services and the goods provided to each franchisee. -Proper documentation of the responsibilities that both franchisees and franchisers have to accomplish. -Add the payment terms for individual franchisees and mention the duration of the agreement. -Keep in mind that the duration of the agreement should cover the period of time in which the franchisees can repay their investments to the particular franchise. -Mention the requirements on which the person can surrender the franchise agreement. -Mention the rights of the franchisers through which they can adapt the franchise system which their innovative and also some old methods.

The agreement is finally get signed by both the entities when they feel like they are truly agreed with all the terms and conditions mentioned in it. They can ask for the change in any clause which they think is not appropriate or cannot be followed.