Tips on Franchise Opportunities
Starting out as a Franchisee
Franchise opportunities are a great way to improve your lifestyle and be your own boss of a successful business. However this needs to be set up, and you need to find the right franchise for you. Read more about how to identify the franchise that best suits your needs, and how to get through those opening months
Nicholas Hudson, Snap-on Tools National Franchise Manager, shares his knowledge about the importance of assessing the customer service culture of a business when researching franchises for sale.
When it comes to business, today’s early moving companies can have their business model’s copied. But there are some things that are hard or impossible to copy.
When reviewing franchises for sale, a strong brand can deliver a significant competitive advantage.
Many potential franchisees are unaware that they can obtain financing assistance to pursue franchise opportunities. A number of banks and financial institutions have departments that specialise in providing franchise loans, and may offer accreditation to franchise systems that meet certain criteria.
Looking for a supportive environment in potential franchise opportunities can be highly beneficial on many levels. We caught up with Michael Fisher, Director and Chief Operating Officer of First Class accounts, who explained the immense importance and value of fostering a culture of mutual support among franchisees within a network
Having the systems in place to respond to franchisees queries and questions quickly and effectively, is an essential part of a great support network.
One of the key areas to ensure a good work-life balance in a franchise business is to get human resources right. Hiring quality employees is extremely important for franchisees as they provide support and help to complete everyday tasks.
Many people interested in becoming a franchise business owner become very adept at weighing up the pros and cons of different franchise systems. There are many things that motivate one to choose one franchise system over another. Some have better lifestyle options, while others provide more support. The degree of financial return, also stands out as a significant consideration.
There are many things that motivate one to choose one franchise system over another. Some have better lifestyle options, while others provide more support. The degree of financial return, also stands out as a significant consideration.
When investigating your franchise business opportunities, it is important to find out what training programs are in place because it will familiarise you with the systems and business processes of the particular franchise system.
A good initial training program plays a decisive role in the success of a franchise business. Potential franchisees should always evaluate how a franchise structures its training as it will aid franchisees to start-up their businesses correctly.
According to a recent statistic from the NSW office of Fair Trading, when you consider the cost of marketing and advertising for your franchise business it can cost businesses up to 5 times more to gain a new customer than to retain existing ones.
Buying your own franchise business could be a wise long-term investment but finding the start-up capital to turn your ambitions into a reality may prove to be more difficult than you think. Thankfully, finding a franchise opportunity that requires a low start-up cost presents a viable option, with many franchise opportunities offering low start up costs.
To become a successful franchisee, having a passion towards your business goals will help you achieve more and will provide the get-up-and-go to overcome any obstacles during franchise operations.
Giving back to the community has always been ingrained in me. The community supports us and is responsible for our success, so I believe it is our duty to give back.
- Tips on Franchise Opportunities (42)
- Franchises and your Lifestyle (4)
- Starting out as a Franchise (17)
- Support within the Franchise (10)
- Passion for your Franchise (8)
- Tips on Franchise Finances (5)
- Staffing and Human Resources (5)
- Branding and Marketing of the Franchise (5)
- Community and Charity Work (3)
- Advertisers (2)
- Business Intelligence (2)
- Media (60)