Franchising[/b]
Franchising being viewed another form of running business for a modern entrepreneur. Lessons of franchising are delivered to students in their academic curriculum as well. Thus, widening the scope and potential franchisors in our country and overseas Although Franchising is an opportunity to deal with a brand and to take forward the same.
Franchising isn’t about buying a brand but is about how you make it yours through your efforts in building it strong and expanding the franchise covering every corner of the earth. All of the good franchisors never stifle innovation from franchise owners. New franchisors are high risk takers, reason may be the competition they face from the existing giants in the market.
Some things that potential franchisors or the newbie’s need to watch out while buying a franchise is FTP to ensure success.
F- Financials
Finance is one such important thing that cannot be ignored. Hence financial planning can no doubt help one plan the growth of his/her franchise, leverage deals with other franchises, the working capital requirement etc. Although the sources initially will be small but avenues are sure to open with your plans.
T-Training as well as the track record
Franchising is wherein no one is aware what happens in the next moment, hence having pre-hand knowledge of running a franchise can be of sure shot help.
G-Growth
Analysis of the existing competitors in the market and then deciding the best brand in the brand with growth potential with a stead and ever increasing graph.
In 2007, the trend's peak year so far, the International Franchise Association added 106 new franchisors
According to a survey conducted by Entrepreneur’s Franchise 500 the following are viewed as the top 10
Subway-Submarine sandwiches and salads
McDonald’s-Hamburgers chicken salads
7-Eleven- convenience stores
Hampton Inn- Mid priced hotels
Supercuts-Hair Salon
H & R Block-Tax preparation & electronic Filling
Dunkin Donuts-coffee doughnuts baked goods
Jani King- Commercial cleaning
Servpro- Insurance/disaster restoration & cleaning
Ampm – Convenience Store and gas station
Subway[/b] [/b][/b]
Founded - February 14, 2001 - Dewitt, NY and July 31, 2002 - East Syracuse, NY
Subway Franchise Information
Business Established: 1965
Franchising Since: 1974
Total Investment: $101,000 to $285,000
33,688 franchise owners in 93 different countries are doing just that. For 9 out of the past 10 years, Subway has ranked as the #1 franchise on entrepreneur.com.
Subway managed to open 1,833 new locations in 2009. Jared may have established Subway as a franchise who cares about health, but health consciousness alone isn't recession proof. They have the following achievements mentionable
SUBWAY® Restaurants Ranked #1 Again By Entrepreneur® Magazine for 2010!
SUBWAY® Restaurants Again Top Performer in 2010 Zagat® Survey
SUBWAY® "High School Heroes" Recognizes Peer Heroes
SUBWAY® Named Most Trusted Brand by Consumers!
Expert Nutrition Advice
SUBWAY® Restaurants Honors Its Outstanding Franchisees & Developers
Listen to the Franchise Sales Radio Show Interview
SUBWAY® ECO-STORE In Florida Receives LEED Silver Certification
Franchise Consultants i[/b]s another unique concept mentionable here.
They help you find out unique characteristics of your business that might help in franchising your business.
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.
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.
With this strategy of earning in lots is in talks, its ancillary business of franchise consulting is bound to boom, with the success of the Brand in concern.
Franchising being viewed another form of running business for a modern entrepreneur. Lessons of franchising are delivered to students in their academic curriculum as well. Thus, widening the scope and potential franchisors in our country and overseas Although Franchising is an opportunity to deal with a brand and to take forward the same.
Franchising isn’t about buying a brand but is about how you make it yours through your efforts in building it strong and expanding the franchise covering every corner of the earth. All of the good franchisors never stifle innovation from franchise owners. New franchisors are high risk takers, reason may be the competition they face from the existing giants in the market.
Some things that potential franchisors or the newbie’s need to watch out while buying a franchise is FTP to ensure success.
F- Financials
Finance is one such important thing that cannot be ignored. Hence financial planning can no doubt help one plan the growth of his/her franchise, leverage deals with other franchises, the working capital requirement etc. Although the sources initially will be small but avenues are sure to open with your plans.
T-Training as well as the track record
Franchising is wherein no one is aware what happens in the next moment, hence having pre-hand knowledge of running a franchise can be of sure shot help.
G-Growth
Analysis of the existing competitors in the market and then deciding the best brand in the brand with growth potential with a stead and ever increasing graph.
In 2007, the trend's peak year so far, the International Franchise Association added 106 new franchisors
According to a survey conducted by Entrepreneur’s Franchise 500 the following are viewed as the top 10
Subway-Submarine sandwiches and salads
McDonald’s-Hamburgers chicken salads
7-Eleven- convenience stores
Hampton Inn- Mid priced hotels
Supercuts-Hair Salon
H & R Block-Tax preparation & electronic Filling
Dunkin Donuts-coffee doughnuts baked goods
Jani King- Commercial cleaning
Servpro- Insurance/disaster restoration & cleaning
Ampm – Convenience Store and gas station
Subway[/b] [/b][/b]
Founded - February 14, 2001 - Dewitt, NY and July 31, 2002 - East Syracuse, NY
Subway Franchise Information
Business Established: 1965
Franchising Since: 1974
Total Investment: $101,000 to $285,000
33,688 franchise owners in 93 different countries are doing just that. For 9 out of the past 10 years, Subway has ranked as the #1 franchise on entrepreneur.com.
Subway managed to open 1,833 new locations in 2009. Jared may have established Subway as a franchise who cares about health, but health consciousness alone isn't recession proof. They have the following achievements mentionable
SUBWAY® Restaurants Ranked #1 Again By Entrepreneur® Magazine for 2010!
SUBWAY® Restaurants Again Top Performer in 2010 Zagat® Survey
SUBWAY® "High School Heroes" Recognizes Peer Heroes
SUBWAY® Named Most Trusted Brand by Consumers!
Expert Nutrition Advice
SUBWAY® Restaurants Honors Its Outstanding Franchisees & Developers
Listen to the Franchise Sales Radio Show Interview
SUBWAY® ECO-STORE In Florida Receives LEED Silver Certification
Franchise Consultants i[/b]s another unique concept mentionable here.
They help you find out unique characteristics of your business that might help in franchising your business.
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.
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.
With this strategy of earning in lots is in talks, its ancillary business of franchise consulting is bound to boom, with the success of the Brand in concern.