Franchising Fundamentals – Basic Principles to Know
Before entering the world of franchising, it is important to understand what the fundamentals of franchising are. Table of contents: What is franchising? What is a franchising business? Who is the franchisor and franchisee? What are the benefits and drawbacks of franchising? What are the 4 Rs of franchising? What is franchising? Franchising, a term … Continued
Key Things to Know About How to Write Your Franchise Manual
Franchising is proven to be one of the safer and more lucrative business models when compared to other SMBs, which are started out by individual business owners as startups. It’s no wonder then that franchise operation manuals are guarded so well by franchisors. They’re literally worth gold. Franchise manuals often contain the secrets of a … Continued
Franchise Marketing Plan | Important Things to Consider
A focused, well-structured franchise marketing plan can significantly save time and money. A franchise marketing plan tailored towards maximising the potential in each sector of your business is key. It sounds easy but it is challenging when it comes to executing an effective marketing plan template. Table of contents: How to Write a Marketing Plan … Continued
Franchise Vs. Startup – Learn Which One’s Best for You
Is a franchise a good way to start your business? This is a question that many aspiring entrepreneurs ask. Thankfully, we’ve got the answers for you right here. Keep reading to discover the benefits and drawbacks of both franchises and independent startups. Table of contents: Buying a Franchise Vs. Starting a Business Pros and Cons … Continued
Franchising – Main Terms You Must Know
Confused by the very specific terminology that’s used with regard to franchising? Don’t worry, we’re here to help you! Below, you’ll find the answers to frequently asked questions such as “what does franchising mean?”, and so many others.
What Is a Franchise?
Thinking about starting your own business or buying a franchise? Although franchise ownership may seem attractive due to the lower startup costs, you should do your research carefully before becoming a franchise owner. This guide will help you understand how franchises work, what they offer and what they don’t, as well as some legal implications. … Continued