[>>]

Franchise

Dienstag, 24. Juli 2012

Importance of International Business Consultants

International firms and enterprises are faced with a new set of challenges every single day as businesses today are getting more and more complex. For this reason, many firms rely on international business consultants to help them remain competitive amid these changes. The basic job of these consultants is to analyze an organization's structure, efficiency and profits.

The international business consultants helps in identifying problem areas and proposes ways to overcome the weaknesses in their business model. Another important aspect of an international business consultant is to help the foreign country understand the new environment it plans to enter. Before entering any country it is extremely important to understand the countries legal system and demographics.

An international business consultant may work independent of any management consulting firm or in association with such a firm. Management consulting firms may range in size from single practitioners to large international organizations that cater to a wider market.

Some consultants may specialize in specific fields of industry while others take a more general approach. Once an international business consultant is contracted for his or her services, the first thing he/she does isunderstand the process set in place.One of the first steps taken is to analyze relevant data, including but not limited to annual revenue, employment, expenditures and so on.

They may also need to discuss the process with the managers and employees as well as observe the different operations in the specific area of business. After identifying the problem, the international business consultants will then come up with sound proposals and solutions to address the problem. To prepare these solutions, the international business consultant takes into account the nature of the organization, its relationship with peers in the industry, and its internal organization and structure. Several tools may be used by the consultant to come up with solutions. At times mathematical modeling, Design of Experiment and other such analysis tools need to be used to understand the core of the problem.

The findings of all the work the consultant does is then presented to the client in form of a presentation and a written document. The consultants job is not only to find the problem but also to come with unique solutions which can be easily implemented. More often than not a the problems are universal and are loopholes in the system that have not come up to surface due to the local or national nature of the business but could prove to be lethal when the company decides to expand internationally.

Several companies are now expanding their business world-wide through franchising. Franchising is by nature a model that allows for rapid expansion with minimum investment and managerial pain. International business consultants can also help in this regard. As they can help find franchise opportunities in different countries.

The consultant also conducts meetings with various business professionals, financial agents, as well as government officials of different countries. They also provide marketing and advertising services/advice. It is of utmost importance that the consultant chosen has in-depth knowledge of business management skills, awareness of the recent foreign policies, legal documentation, and political economic developments that may affect foreign businesses, solid administrative skill, excellent communication skills and strong international network of associates that can give accurate information about the business climate and markets in different countries.

The consultant should also have hands-on experience in working with multi national companies.

A proffesional international business consultant must possess leadership skills, should be adaptable to change, should be able to identify key strategic inflection points, and can suggest firms on ways to adapt to the new changes in the external environment.

Why and How to Franchise Your Business

In today's world, franchising is playing a significant role in the entrepreneurial business arena. Franchising is a practice where an established company allows another entity (an individual or an organization) to use the company's already existing business model and brand name. The franchisor (the company that provides the business solution) and the franchisee (the entity that uses it) enter into a contract to use and capitalize on the company's successful business model and/or it's existing brand awareness for a faster return on investment. In return, the franchisees pays a franchise fee to the franchisor which is a one time payment, an on-going royalty component is also paid by the franchise to the franchisor usually on a monthly basis.

If you are a successful business owner and if you are thinking why should I franchise, then here is your answer. Franchising is the best option for any company that wants to expand its business without incurring larger capital expenditure. It is more beneficial especially when a company wants to expand its business in a different state or country where it has to wait for government approval and other formalities. The company may not have the expertise to market their products in that particular place due to various reasons. Even if they do by means of franchising they will drastically reduce capital outlay, operations, marketing and all headaches.

As there is always a risk of failure, for most of the companies, expanding their business in a different place isn't worth the effort. But when franchising you are going to give it to someone else capable of carrying your brand. You don't have to spend a fortune to establish but can receive a percentage of sales from the franchisee every month. Yes, the parent company would only get a small percent of the profit from the sale made by the franchise but because of the reduced entry barrier entering new regions and expanding exponentially becomes easy.

Now the question arises how to franchise your business. Once you have decided on the franchising route then a clear plan of action is required. Analyze the unique selling point of your product(s) or/and service(s). What makes your business different and better than the competitors? Why would people buy into your concept and what are the key features of your business? If you can readily identify your USPs then you can move to the next step.

The next step is to make that you have full protection over your name, logos, designs and systems. Then learn all about the franchise industry and how it operates in your country and in your business category.

The most important step you need to take is the compiling of a franchise agreement. It is an important document that defines the level of quality and service you need to maintain. Franchising an established brand or company is a huge responsibility for the franchisee and a great risk for the franchisor. It is important to franchise your business only to people or companies that match the mind set and the image of the parent company to avoid risking the goodwill of the brand which has been painfully created over the years.

The franchise agreement draft is a basic design of the agreement and it contains general terms and conditions on franchising. It contains the basic terms and rules for the new franchisee. The franchisor just needs to fill out the information required for the business, such as the address or location of the business, the name of the brands, methods of advertisement, and the payment details, etc. However lot of these terms and conditions would change depending on the nature of one’s business and hence it is important to get expert advice. The draft only serves as a guideline.

Therefore, whenever you are ready to franchise your business, you will need to ensure you have a franchise agreement ready for potential franchisees to sign. By using the franchise agreement sample, you will save time and money for both the parties. Last but not the least, you should ensure that you are covering all the fundamental points pertaining to such an agreement.

Making an Effective Business Plan for Franchise

For most companies, franchising their company is a big decision and a major change in direction. The good franchise systems are ones that plan appropriately and put together the pieces before they get into this game. So, good franchise endeavors have great franchise business plans in place.

For a franchise expansion program, the business plan sets the stage. It literally acts as the foundation upon which the house will be built. Everything in the franchise program should have uniformity and continuity with what is defined and determined in the franchise business plans.

Franchising is about taking advantage of all the available market opportunities. It will be extremely critical to have an ongoing support program for the people who have committed their futures to this franchise organization after the franchisees have been established. Good business plans clearly identify the training programs, processes and materials that will be used to get franchisees up and running and then to keep them happy and successful once in the system. Hiring management and support staff comes with this. The franchise business plan should clearly identify who, when and what role they will fill in the franchise organization. The type of business will dictate how many people and at what times in the franchise expansion they should be brought on board.

The business plan should have details on the costs a franchise would bare and in turn the support the franchisor would provide. Details on the franchise fee, the royalty component, national and local advertisment requirements and other such aspects must be clearly specified. It is of utmost importance that both the franchisee and the franchisor have a clear notion of what is expected from them to avoid any confusion in the future.

Franchise tax is another issue that deserves due consideration. It is important to know the local slabs of sales tax, property tax, and withholdings tax etc. Further, how the franchise arrangement is structured and the existence of treaties between the countries involved may have considerable influence on the structure adopted.

Where the franchisor receives royalties, service or franchise fees, franchise tax has to be paid, whether the franchisor is an Indian or foreign company. In calculating the amount of tax payable by the franchisor or the franchisee company, the deduction available in tax laws can be important for tax planning purposes. However, the tax depends on the type of franchise, the product of the franchise and unit locations.

Finally, a complete set of pro-formas and financials should be established to define the return on investment for both the franchisee and the franchisor. In order to raise capital, this can be used as an investment tool, and most importantly as a road map for running and operating the business profitably with the growing system.

Donnerstag, 31. Mai 2012

Take Help of Business Consultancy for Business Development

Nowadays, it is difficult for everyone who has intentions of starting a business or expanding an existing business into new fields. The competition is severe, well organized and there has been a great increase in marketing styles and tacticswith the development of the market place and access to information and services due to the penetration of internet and telecom. In today's business world,someone without enough experience will not be able to get off to a successful start and that is why it is important to have the help of business development solutions.

Many businesses fail because the business owners do not have a sense of direction. Developing and stating your personal and business goals will serve as your roadmap and provide you with a sense of direction.There are many forms that business development solutions can come in and each company will have to review themselves individually in order to be able to find the best method.

Business development consists of two major components. The first one is goods and services production and the second one is their realization. Developing your business, you need to think of the harmony between these two components. One of the mistakes the beginners make is that they pay a lot of attention to product production and dismiss its realization. Such actions can lead to failure, faster than you can even realize that you have failed.

Moreover, in order to develop your business, you have to focus not only on your own skills and preferences but on the needs of your clients. It is also fair in case their needs go beyond earlier intended goods and services. You should be ready to change it in such way that it could correspond to current requirements of your customers to have your business developed in the most effective way.

A company can also rely on business consultancyfirm for developing its business. This can be very beneficial since a given consultancy firm will be in a strong and informed position to know a company's exact business growth strategy needs in any given situation.

Business consultants can be expensive, but for the most part they have experience developing businesses and create a plan just for you based on all the information they collect on your branch, company size, budgeting, location and competition. This head start is money well spent and a successful start is one of the most important things needed for a new business trying to get hold of a customer share in the local market. Business consultancy firm can also develop unique marketing strategies for you that will make you stand out amongst competition and this is not something everyone will be able to do without professional support and advice.

There are many business development solutions available and something can be found for every business starting up. In case you already have a business which you think can be franchised then you may want to look at franchise development solutions in addition to business development strategies. It just takes some time and money to invest in the proper help and you could well beable to get your business off to a good and successful start and grow it properly while expanding it.

Business Consultants Help you Make Right Decision When Franchising in India

Franchise is a way for someone to make a living without the risk of starting their own business. is gaining popularity amongpotential entrepreneurs. From Business owners who are seeking to diversifications to professionals who want to quit their jobs and take up a franchise business, to students who want to get started with an entrepreneurial venture, all of them are eyeing at several options and franchising seems to be the preferred choice to start a business.

As far as franchise business opportunities in India are concerned there are lots of scopes available. However, success is not easily achievable, for that, you need to first choose the right franchise business and only then will you start making good money. Lots of time and research needs to be done, when one seeks for the right kind of franchise business. With proper research and guidance and fair bit of luck, you can start getting excited about the possibilities and find the right franchise business.

An excellent first step is to request a copy of the company's Franchise Disclosure Document (FDD) if you are in the US or for the franchise kit if you are in India or Europe. As a general rule, for the area proposed for the purchased franchise, these documents relate information regarding the earnings of various franchises across the geographical boundaries of the franchise organization and can help in projecting an estimate of ROI.

When franchising in India, it is important to understand that higher initial investment does not necessarily translate into higher returns. In the purposed area of business, a great deal comes down to the ability of the owner to effectively manage the franchise and the market ability of the franchise.

Most experts will tell you that you need to choose the one that you believe in for franchising in India to be successful. The one that closely matches your interests and your skill areas is the franchise that you should be looking at. That means before you are looking to buy a new franchise, you need to analyze your strengths and your weaknesses. Investigate the pros and cons of the particular franchise model that you want to choose for. See if you like the way of doing business or not and see if the line of business suits your personality traits. Choose a franchise that will put these skills into use, if you are a people’s person and love marketing and sales. Find something that will help you enhance that skill,if you are good at computers. Get your hands into a food franchise, if you are passionate about food and can put in long hours in culinary activities. If you love kids get a preschool franchise.

If you are confused and you are not able to make a right decision, then you can take help of business consultants, who can help you find the right franchise opportunity. Good business consultant has experience working in and with a broad range of businesses. A business consultant can help you assess the business, using objective tools to analyze the businesses potential.

Finding a franchise business to own in India is one of the most important decisions you will ever make. Choosing the right franchise can make your business ownership dreams come true while choosing a wrong one can cause you endless headaches and financial distress. Business consultants are there to make your job easier and to offer solid guidance and advice where you need it.

Samstag, 17. März 2012

Franchise Training – Why It is Necessary

One of the major reasons people purchase a franchise is to acquire a business with a proven system. This proven franchise system should include an effective and comprehensive training program. Learn about the components of a successful franchise training program and find out why it’s so important for both the franchisee and franchisors. The main reason that franchisors provide training programs to franchisees as part of the deal is to ensure that all franchises are operated in an identical fashion according to the already proven system that the franchisor has created. The initial training also allows the franchisee to learn the operations of the business quickly and easily. Franchisors usually provide additional training throughout the franchisee's tenure as well.

You should expect to join a system that will provide you with everything that you need to know as you seek out a new franchise company. You want to be a part of a franchise system that respectfully treats you as if you know nothing about the new business. From the ground up, they will teach you all aspects of the business. Conversely, you should be humble and open to all of the teachings from the franchisor.

Initial and ongoing training in all aspects of the business operation is clearly a benefit of becoming a franchisee - as opposed to starting an independent business. Most franchisors are very good at training the technical and operational aspects of the business because it is what they know - running a restaurant, cleaning cars, whatever. But many of their franchisees may not have run businesses before, so they need training in more than just how to operate the restaurant or clean cars.

Initial technical training, either in the classroom or on-location at a company-owned outlet, or with another franchisee, generally follows the structure of the Operations Manual and gives a good grounding in the knowledge and skills required. How long this takes varies from days to months depending on the complexity of the business involved, but it is only a start. Refresher sessions should be available, as should programmes to introduce new products or methods. Where these sessions are held, and who pays for what, will again vary from franchise to franchise.

Item 11 of the Franchise Disclosure Document (“FDD”) requires a franchisor to disclose its contractual support obligations to its franchisees. This section outlines pre-opening assistance as well as ongoing assistance. It details the franchisor's training programs and any required franchise systems, such as computers and software. There is a great deal of information in this section of the FDD, but franchisees need to know clearly what training they will receive. Franchisees need to be given the proper pre-opening training so they can start successfully and the right post-opening training so this can continue into a smooth operation.

Franchisors need to construct and present quality training to their franchisees. Quite often, quantity takes the place of quality when it comes to franchisee training Since franchisees can only retain a certain amount of information from a training session, franchisor training should focus on the most important and critical components of franchise operations.

How Good Training Benefits the Franchisee:

• They understand the important components needed to operate the business

• Ensures a smoother and more successful franchise start-up

• Knows the skills his/her employees should have

• Can overcome problems and challenges that may arise

• Provides strong sales building and marketing skills

• Teaches ‘What works and what doesn’t”

• Efficient operation preserves franchisee working capital

• Increased franchisee profitability

There are several reasons as to why a franchisor needs to provide you with franchise training. First, as part of your franchise fees you paid for the training and will continue to pay for it as you pay your ongoing royalties. However, beyond that the franchisor wants you to be successful, because if you will be successful they will also be successful. A franchisor earns its revenue by collecting royalties from its franchisees. Thus, they want you to get through the franchise training as quickly as possible so that you can to start earning revenue and they can start collecting royalties.

How Good Training Benefits the Franchisor:

• Franchisees start-up their franchise correctly

• Minimizes franchisee mistakes and the need for franchisor staff to intervene

• More productive use of franchisor staff

• Higher probability of more successful franchisees

• Improve franchisee satisfaction and promote positive relations

• Improved franchisee validation

• A better franchise network

• Increased profitability

The Components of a Successful Franchise Training program:

• Teaches the critical elements and components of how to operate the franchise

• Includes ample time for Q&A and discussion

• The franchise operations manual and the training curriculum complement each other.

• Franchisor trainers are experienced, knowledgeable and credible.

• Includes simulated and/or on-site location training to impart ‘real world’ experience

• The training is long enough to provide sufficient time to learn the necessary business methods and requirements, while avoiding information overload

• Measures trainee comprehension to insure that franchisees understand and learn what is being taught. This could consist of follow up discussions at end of each training session.

• Utilizes role playing when appropriate

Franchisee training must be carefully designed, constructed and presented in order to maximize the learning experience of new franchisees. Training results should be measured so that enhancements can be made when needed. Franchisors should utilize an individual with proven training skills to administer the training program. Using an existing staff member who doesn’t possess the required training tools may prove costly in the long term.

Hence, you should expect to take part in the franchisor's initial or new franchisee training as soon as you join a franchise system. The training may be done telephonically, with a personal trainer, or at the franchisor's headquarters, depending on the system. Also depending on the complexity of the business system, the length of the training may vary from one day to one month. In order to determine how long the training is, where it will be held, how often it takes place, and whether you are responsible for the cost of travel, accommodations, and any materials, read the franchisor's franchise disclosure document (FDD) carefully.

You should expect to receive ongoing franchise training beyond the initial training. To reach out to their franchisees across the country, franchisors frequently use group conference calls and webinars. Most franchisors have an intranet system to connect with their franchisees with the power of the internet. The intranet provides the franchisees with access to the corporate office where they can send emails, read a franchise wiki or FAQ, access a document library where you should have access to an operations manual.

As many of the best ideas that are part of a franchise system come from the franchisees, seek a franchisor that understands that the training is not just a one way street. So, the best franchise training systems are mutual and not only have you in mind, but the good and betterment of the entire franchise system.

Franchise Advertisements for Best Marketing Advantage

Good franchise advertisements have never been more important nor had such a huge impact on the success of franchising. As franchising expands in an increasingly competitive marketplace – up again by 5 per cent last year, according to the 2011 franchise survey – all franchises must make sure that their brands stand out from the crowd. The most effective way to achieve this is through franchise advertisements, applied consistently to promote a business in every aspect of development.

So, what exactly is “franchise advertisements”? An advertisement is an umbrella term that covers everything involved in the process of taking a concept to market.

It embraces design and packaging, social media, paid advertising, public relations, websites, direct mail, newsletters, e-marketing, exhibitions and conferences, demonstrations, networking events and special promotions. With so many options, most people need some guidance and, given the importance of franchise marketing, you need to look carefully at a franchisor’s prospectus to see what they’re offering. If marketing is not mentioned in the brochure, remember to ask at the first meeting if it is included in the training. But, to go back to the beginning: while you are still a prospective franchisee, considering your options and trying to decide which franchise to choose, look carefully at each one’s marketing strategies.

Managing and owning a franchise business can be extremely rewarding. You get a chance to have a powerful effect on the success of a company and individuals who work with or for you and to make all the decisions. Franchise advertisements are a lot of responsibility. To support yourself, you will need to ensure that you keep the franchise business alive and growing and those who are working for you. Most franchisors have comprehensive marketing plans in place for the overall franchise. The national plan typically includes advertising campaigns, commercials via television and radio, Internet advertising, public relations, and direct mail efforts. Therefore brand recognition is widely established. Franchisors that do not manage marketing on a national level usually provide an outline for the franchisees to follow in preparing their marketing plan on a local level.

There are various options available in which franchisees can tailor the marketing efforts to the immediate area.

First of all, it is important that franchisees know the types of customers and their specific needs in their particular locations. Demographics and culture should always be taken into careful consideration.

Then franchisees should focus on promoting their products and services through advertising campaigns, public relations, and the Internet. Franchisees may also be linked into the franchise’s main web site depending on how the organization is structured.
In addition, it is critical to maintain a steady consistent customer base. Loyalty and reward programs tend to work well. Special promotions and coupons are also popular methods of keeping returning customers.

Further, franchisees should be active in local community activities and participate in charitable organizations if possible. They may wish to consider sponsoring activities such as local sporting events as part of this effort.

Marketing materials such as brochures and flyers can also be helpful in getting the word out about a particular franchise in the area. They may also provide information about specials that would attract new customers.

Franchises have a greater chance of success than independently opened businesses; however you still have to put effort into them. Therefore, you the franchise owner will need to find a way to make it happen, if your franchise is in need of more business. Grassroots marketing or advertisements are great ways to promote your business.

What is the best marketing and advertising mode for promoting a franchise company? Does it make sense to use social networks, franchise trade journals, industry trade publications, published franchise directories, entrepreneurial type magazines, radio, TV, or buying keywords on search engines? Yes, will be the answer. Often large franchise companies look at the data; the types of franchise advertisements they are running and what works and what does not and all those methods have been tried. Every now or then, if you'd like not have to learn the hard way, you can save a lot of money or waste advertising dollars on things which do not pull for you. Successful franchise sales are the best possible advertising for any franchise opportunity.

What does the marketing plan cover? Is it focused on selling techniques? Does it include social media, advertising, internet promotion, and PR? Does it include web promotion and links? Does it include marketing materials and templates that franchisees can adapt to use locally?

Does the franchisor employ a dedicated marketing specialist in-house, or retain a freelance PR and/or marketing professional, available to help franchisees as well? How familiar is the franchisor with Facebook, Twitter and all the other social media? How much help does the franchisor provide to franchisees? And, what elements of franchise marketing are provided free by the franchisor and which are charged to franchisees?

Success cannot be kept hidden. All successful franchisees are best franchise advertisements for the franchisor company. They would not need to spend so much money advertising, if more franchisors would spend more time making their franchisees successful and helping them; mentoring, nurturing, and assisting them. When things are working well everyone sees it and that is the interesting thing about franchising.

Even your competition will immediately try to imitate your franchise sales model and copy you. If at all a franchisor successful, that is another good way to tell. The best franchise buyers by the way are not the ones that you go out and recruit rather those that find you. They are already sold; they already know what they want to do. All you have to do is to take the order by looking at their application. Often advertising a franchise opportunity will also help your brand name, franchise sales, and it is more impressions and views in the eyes of the consumers and clients of all your franchisees, as well is a way to remind people that your opportunity exists. However, after people see successful franchisees in your system, you should never forget that your very best marketing advantage comes from word-of-mouth advertising.

Finally, referrals are always an important part of a marketing package. Referrals can be exchanged with other business owners or via existing clients. An incentive program with existing clients who refer new clients is a popular method of obtaining referrals.

Importance of Franchise Agreement in Present Market

A franchise agreement is just like any contract that you have ever entered into. It defines the rights and obligations of the parties involved. A franchise agreement in particular defines the relationship between the franchisor (the one awarding the franchise) and the franchisee (the one buying the franchise).There are legal, practical and operational issues that need to be negotiated in a franchise deal. The franchise agreement sums up the terms of the negotiations between the franchisor and the franchisee. The signatures at the bottom of the agreement signify that the agreement has been accepted and understood by all involved parties. A franchise agreement is the chief document demarcating any franchisor/franchisee affiliation and is lawfully obligatory for both parties. This document clearly states the compulsions, prospects and legal privileges of both parties and is the groundwork of every association within the franchise organization. These franchise agreements are formulated to ensure that the expectations and roles of each party are evidently described.

At present day franchising, there are regular conditions where a franchisee which is a corporation will desire to sell their privileges under the contract to a new party. A franchisor has to pay interest to assure that there is no unlawful or unintended transfer of confidential proprietary information such as marketing methods, operations manuals or secret recipes. Franchising through franchise consultants is the easiest method of entering into this line of business. Although it is not without its intermittent drawbacks, many business owners see franchising as an exhilarating and natural next step towards rising their business. Taking assistance from franchise consultants will definitely help.

Most established companies who are open for franchise have a standard franchise agreement that leaves little room for negotiation and special terms. This is actually good for a franchisee. This ensures fairness because negotiation skills do not have much impact on the final contract. Thus, if you buy a franchise of an established business, you are sure that you are getting exactly what the other franchisees like you got in their own franchise agreements. The franchise agreement will enclose detailed information concerning the responsibilities of both parties on how the business should be functioned. It also has information on how employees should be guided, how much the franchisor will be remunerated in royalties and fees, how long the agreement lasts, what region a franchisee can function in, what kind of initial training, continuing support and advertising they can look forward to as they open up and persist to run their operation. It will also delineate up-front payments, what will come about if the franchisee desires to transfer possession or sell the franchise, how disagreements will be resolved, and how and when the franchise agreement can be concluded.

A franchise agreement is very important. Herein is stated in black and white what your monetary obligations to the franchisor are and what you can expect from the franchisor in return. It should state in no uncertain terms the scope of territory to which your franchise gives you exclusive rights to.

A franchise agreement enumerates all the business operating practices that are allowed, encouraged and absolutely prohibited. The franchise agreement makes sure that you conform to the methods that were already proven to be effective so that you can be assured of your own success.

A franchise agreement protects your interests. If your franchise agreement says that inventory can be purchased through the franchisor at a 20% discount, then you can be sure that you will get this discount. If the franchise agreement prohibits franchisees to purchase ingredients from any other source except the franchisor, then you can be sure that the quality of your products will be at par with what the customers of the company expect from that particular company.

The franchise agreement is not there to confuse you but to guarantee that you will be getting your money’s worth. Treat it with respect by reading it thoroughly and asking questions if necessary. Only after you are satisfied with its stipulations should you sign it. And then, be sure to stick with it.

Rules and obligations should be adhered to in order to become a franchisee.

The objectives of a franchise agreement are to achieve the following:

To contractually bind the franchisor and franchisee by both parties agreeing to the relevant terms and conditions set out in the contract.

To provide protection to the franchisor and franchisee that can be relied on under relevant circumstances.

There is no legislation that governs the rules for franchising; therefore the franchisor has the power to set out terms of the agreement that must be strictly adhered to by the franchisor and franchisee. If any disputes were to arise, both parties would to turn to look at the agreement and determine which party has done wrong and how to correct it. It is therefore important that before committing to any terms and conditions the franchisee must either take time to thoroughly read through the agreement or seek advice from a legal professional or ensure that the agreement sets out clearly:

* Specific details of both parties.

* The duties of both parties.

* The grounds on which one party can terminate the agreement.

* The obligations of each party and when they should be met and in any case if they are not met how they should be enforced.

* The consequences of breaching any term or condition in the agreement.

It is essential for franchisors to make available a copy of this agreement to all prospective franchisees no less than five business days previous to they sign a franchise contract, so that it can be evaluated by an legal representative to make sure that there are no predicaments with the content or wording. It will include many of the similar issues covered in the Franchise Disclosure Document, but in added descriptions, exclusively tailored to each company.

Each franchise agreement will be diverse, as every franchise business functions in its own way with its exclusive techniques, training and operations. Because of this, it is imperative to have a guided franchise attorney go over the agreement to make sure that there is no irregularity or uncertain content that may evaluate too profoundly in support of one side over the other.

A franchise agreement can cause problems between the franchisee and franchisor if it is drafted badly therefore it is important to use the services of a legal professional for advice.

Freitag, 2. März 2012

Franchise Consultants India - Best Source of Franchise Help

Franchise consultants India specialize in growing and advancing small and medium sized businesses and can formulate professional and sound business strategies and goals from an Indian perspective. They have expert knowledge on franchise practices, principles and philosophies running across India. Franchise consultants India are highly familiar with management information systems, training manuals, operations manuals, sales systems, audit programs and all other aspects of a franchise business model. For these reasons, it is necessary to have a franchise consultant with you when you plan to expand your business through the franchise model.

The franchising industry has grown manifold during the last decade and so as the demand for franchise consultants India. Many established organizations are planning to enter into franchising growth strategies. Franchising business model is showing significant growth in many sectors such as the information technology, water purification, health care, education and steel fabrication industries, although it has been prevalent amongst the food service and retail businesses for a long time now in India. Bringing an experienced franchise consultant on board can help a franchisor tremendously during all stages of setting up their franchise business model.

If you are an entrepreneur seeking new business opportunities, trying to decide what might be the ideal franchise opportunity for you because of the overwhelming array of choices and industries can be a daunting task. Franchise Consultants India can assist you in making the right decision and pick a business that suits your personality and business acumen. A franchise consultant can offer a fresh perspective and can deduce all available options before a business. They can help you determine whether your investment is lucrative enough and expansion plans of you as a franchisee is heading in the right directions or not!

Franchise consultants India can help you formulate India specific growth strategies and can help you tap the perfect opportunities for your company that will ultimately expand your business. Your franchising goals will be what the consultant will strive to reach. A franchise consultant will work tirelessly to help you achieve your franchising goals.

The franchise consultants India has your best interests at heart and they will work hard for your business's success. Hiring a franchise consultant can give you a fair and honest assessment on what type franchise will be profitable. The consultant will be an independent business advisor. Hiring an expert franchise consultant India can give your business the cutting edge.

International companies can benefit from franchise consultants india, as they can be their one source of all information and guidance, and can get tremendous help on establishing their franchise brands in India. With so many taxes, legal compliances, different regulations, underlying economic factors across various regions, cities, towns and villages of India, it becomes extremely important to have an experienced india franchise consultant guiding you through the entire process.

Corporate companies, groups or business houses seeking international franchise opportunities can hire the services of franchise consultant India, to help them acquire the right franchise businesses for their groups and represent them to the international franchiser and help them sign the India master franchise agreement. NRI’s seeking to get back to India, can get tremendous help from franchise consultants India. They can get complete guidance on the best opportunities available for the country and at the same time, can analyze, research and get a fair estimation of any new business which they feel is appropriate.

Different Methods to Promote Your Franchise

You shouldn’t just be looking for anyone to be a part of your franchise while you are looking at potential franchisees. You should search for such people who can facilitate the growth of your brand, adhere to the quality of your products or services and willing to match the standards of service your consumers will be expecting from your organization.

Franchise recruitment and franchise marketing are two methods through which you as a franchisor can find new franchisees. There are few key differences in the way each method is approached.

In the long run, franchise recruitment will always be the more effective method. You limit your liabilities and create a good working relationship with your franchisees when you follow a well thought out franchise recruitment process. It is extremely important to develop good, strong relationships with your franchisees as they are the new faces behind your brand and will be your franchise ambassadors in the future.

You are adopting the same principles a business would while trying to recruit a new employee when you adopt the franchise employment approach. You are looking to select the right candidate for your franchise, someone who can show that they match the business’s objectives, operations and ethics as of yours.

The most crucial thing that a franchisor must have is an effective and solid marketing and advertising planto achieve success in getting a franchisee.<a href"=Franchise marketing raises brand awareness and enables the brand to provide a consistent image that consumers can identify with on a national basis and increases brand awareness. This in turn increases profits at franchisee level as it drives footfall to stores.

You will need to consider the marketing plan that the franchisor provideswhen you decided to purchase a franchise. In a marketing plan for franchiseyou intend to carry out to interest potential customers and clients in your product and/or service. Further you persuade them to buy the product and/or services you offer. Once you have a contract with the franchisor, he will provide you this service. A big reason why franchisors have a higher potential for success is the marketing plan they provide.

In order to run your franchise successfully,marketing for your franchise is an important facet. As the franchisor will have a fee that you will pay for marketing, make sure that heprovides a great marketing plan for franchisethat will help generate business for your franchise.The expenses like TV commercials, print advertisements, and direct mailings to both potential and existing customers should be covered by the marketing plan. Further a good marketing plan also covers fees that you may pay for advertising agencies for in-house marketing.

You will need to have advertisement in as many different forms as possible since you want to make sure that you are reaching any potential customers. For instance, in a news paperadvertisement only the people who read that certain section of the paper will see your advertisement. Your main aim should be to reach more and more people to increase awareness about your products or services. This way you can increase the volume of sales. If your franchisor does not have a complete and effective franchise marketing plan, you will be limiting your franchises success.

Whether the franchisor will listen to marketing suggestions from franchisees about future marketing is another aspect to consider. Since this is a way to stay fresh with their marketing and gain many new ideas that can lead to successful for the whole franchise family, a good franchisor will certainly do this. In order to keep up with them you do have to change a little as timeis always changing. What worked few years ago is most likely not what is going to work now.

Always a goodfranchise marketing plan supposed to do to keep the entire franchise family successful.That’s why make sure that you find a franchisor that provides you a great marketing plan.

User Status

Du bist nicht angemeldet.

Aktuelle Beiträge

Importance of International...
International firms and enterprises are faced with...
francispryor - 24. Jul, 16:25
Why and How to Franchise...
In today's world, franchising is playing a significant...
francispryor - 24. Jul, 16:24
Making an Effective Business...
For most companies, franchising their company is a...
francispryor - 24. Jul, 16:23
Take Help of Business...
Nowadays, it is difficult for everyone who has intentions...
francispryor - 31. Mai, 15:18
Know, How to Franchise...
Franchising your business is a great way to continue...
francispryor - 31. Mai, 15:17

Links

Suche

 

Status

Online seit 4895 Tagen
Zuletzt aktualisiert: 24. Jul, 16:25

Credits