Working For a Franchise – Employee Relationships Understood

January 27th, 2009

Because of their unique nature, employees and owners working within a franchise are more likely to have strained or alienated relationships that employees and owners working in a traditional business setting. Without a doubt, franchising presents excellent opportunities for profit making and career advancement, but it can often feel that the bond between co-workers is not as strong within a franchise and personal well-being and productivity suffer as a result.

Employees and owners of franchises need not be told corrosive affects of a sick work environment, all too many deal with such environments on a daily basis, but few within the franchise system have offered solutions and analysis of this malady. While there is certainly no one, single right way to conduct yourself in the work place, there are methods that can help identify different ‘characters’ that workers within the franchise tend to play.

Often referred to as ‘employee paradigms’ these two general, broad categories of worker – the achiever and the buddy- can help to illustrate the positives and negatives of two contrasting styles of work. There are certainly more character types to be dissected within the franchise dynamic, but these two will serve to set the stage for understanding franchise relationships.

The Achiever: Simply put, the achiever is the employee who treats their job as a life or death situation and who will stop at nothing to make sure that everyone else at work realizes how seriously they consider their employment. The achiever’s behavior and demonstrative attitude can take many, often contradictory forms such passive aggressiveness, assertiveness, and ill-humor, but the underlying thread in the achiever’s behavior is that they are driven by a need to succeed and be recognized.

Without delving too far into the psychology of the achiever type, it is important to understand that if you find yourself working alongside an achiever, though their behavior may at times be off-putting, their goals and projects are most likely driven by an inborn desire to succeed (and perhaps a fear of failure as well) and as such, a few well placed compliments will do wonders for this co-workers self-confidence and opinion of you. Likewise, in your interaction with the achiever, you should not attempt to become too ‘chummy’ or unprofessional as they might be taken aback by your seeming lack of respect for their dedication.

The Buddy: Traditionally considered to be on the opposite end of the franchise employee spectrum, the buddy is an employee who, for one reason or another, puts their work within the franchise as a secondary goal to that of making friends and becoming popular.

The buddy is often great fun to be around and can really lighten up the work place if kept in check, but if poorly managed or, worse, if managing, the buddy can become a plague on the office, draining productivity and causing irritation wherever they go. Buddies are best dealt with in short spurts, if you feel that you cannot talk to a buddy without going back to your work in a bad mood simply find reasons to stay away from them- your work will profit as a result.

One can reduce these two general categories into further specialized character types, but in terms of franchise success and profitability, the achiever and the buddy tend to be the two signature personalities that reoccur most frequently. Above all, with all character types, remember to be understanding, compassionate, and adaptable.

Mr. Oliver is a marketing agent of FranNet. The franchise business experts provide franchise consulting services throughout the nation.

Five Things to Consider If You Want to Turn Your Business Into a Franchise

January 27th, 2009

Your business is very successful and you want to start franchising? What do you look out for? What do you do? There are many pitfalls in franchising, but concept and timing are critical. The first thing you need to concern yourself with is concept. How many competitors in the category that you are in? Let’s take pizza for example, well over 500 chains in this category, so what sets you apart and makes you different? Are you Domino’s and you focus on delivery? Or are you Little Caesars with the 2 for 1 concept? You need an edge, what sets you apart from the others?

If you don’t have a specialty you need one. Got great meatballs? Become the meatball king. What is it you are best at? If you don’t have it, come up with something. Remember if I am a franchise candidate, why should I buy your concept if there is nothing special about it? Get good at one thing and push it to the forefront.

Every good concept is able to paint a good picture with a formal profit & loss statement. I am not just talking about the company overall, but more importantly at the store level. The financial piece is critical and is the measuring stick for future and continued success. If every franchisee has his/her own different statement, how can you measure it as a group. You should also have biannual meetings or workshops to discuss acceptable percentages of each item category for the P&L. For instance, what should be the projected labor as a percent of gross sales? 20% 30%? You keep your franchises successful by keeping them in a set format with projected percentages. In the food business, food, paper and labor percentages are critical.

Another critical piece is legal documents. You will need to develop a Franchise Disclosure Document or FDD. This is basically everything about your company from it’s principals to it’s financial status. It’s the law and you will need to not only have one but file it in some states that require registration. it needs to be updated on an annual basis. It is always a good idea to find a good franchise attorney so that it is prepared correctly.

Training, at the core of a great franchise concept is it’s ability to train people to run it as well as you do. If you can’t teach them, your concept will fail. Consider classroom training, a 1-800 help number for problems tied directly into your office and video library with internet access to training video’s.

It is always best when considering a franchise to pick the right people to help you build it. Find someone with a background in franchising that can assist you in the process. It may cost you initially but will save you in the long run. A great example is a group that I know of that spent $ 65,000 on training videos. They were great, state of the art, but another group spent $10,000 rolled them out in less time with a more than adequate product. A good franchise leader that has been there, done that may cost you, but at the end of the day could save you considerable money.

Bob Moglia http://www.linkedin.com/in/bobmoglia Do you need help with your concept? CONTACT ME

Fortunes Found in Franchising

January 27th, 2009

Seizing a lucrative business opportunity is best done by purchasing an available franchise. By becoming as franchisee, you will have a business that comes with a ready made reputation. The standard franchise rules and regulations will help you set up the business. You can avoid making mistakes in the set up of the business because the franchiser company will be able to help you if you have a problem.

Franchises give the small entrepreneur the influence and the purchasing power of a big corporate name and the advantage of a low investment. The most common examples are fast food franchises, hotel franchises and franchises for moving and storage containers. The disadvantages are that small businesses can feel suffocated by the excessive control of the franchisor with little freedom in proportion to the investment.

However, there is merit in not having too much business freedom. The franchiser will give you a dedicated location, no other business person will be allowed to take a franchise in that location. You don’t have to experiment with different business strategies because the standard business practices are given in the form of an agreement with the franchiser.

You will need to pay a portion of your profits to the franchiser for the right to use their name. All the equipment used will have to adhere to certain standards stipulated by the franchiser. You can get a franchise directly from the franchiser or through a franchise agent. You must make sure that you can get a clientele for your business before taking a franchise otherwise it could be a costly mistake.

Franchises are hassle free ways of starting a business riding on the name and fame of the franchiser.

Arbys franchise info

January 27th, 2009

ARBY’S® Restaurant Franchising –Something Different,
Something Better

Success in life isn’t an accident. It’s a choice
– a decision to desire more than average and
do whatever it takes to attain it. To take the
opportunity to achieve something different and
better than what’s merely presented to you.

At Arby’s, we know this too. That’s why we
have unique, cut-above selections, from our
thinly sliced roast beef to our delicious Market
Fresh® line of sandwiches, salads, and wraps.
It’s also why we continue to be food innovators
in the quick-service industry, offering customers
unique menu selections, a welcoming dining
atmosphere, and an overall experience that is
authentic, exceptional, and real.

What makes Arby’s such a unique opportunity for you?

You get the strength of a brand with a 40-year history of doing things different and better. You get unparalleled marketing, franchising, and operational support. And best of all, you get to join one of the most loyal franchise families in the restaurant
business, a group of go-getters who want you to succeed and will do whatever it takes to help get you there. Sound like a place you can call home?

We think you’ll agree that Arby’s is the place to hang your hat.

Arby’s Opportunities

We currently boast a proud system of over 3,700 Arby’s restaurants and we’re growing fast. There’s plenty of room for expansion in both existing and emerging markets.

The opportunity to join an established and profitable, yet growing brand is here. When you become part of the Arby’s family, you’ll have access to an innovative product line, prime restaurant sites, open development markets, and a brand culture that believes in something different and better for our customers, vendors, employees, and franchisees.

What qualifies Arby’s as being “something different”?

National Brand Presence – With over 3,700 restaurants, Arby’s is one of the few top 10 restaurant brands that currently has opportunities to grow in almost every market.

Our Menu – A combination of quality, innovation and variety, the Arby’s menu features our famous roast beef with signature Arby’s Sauce® and Market Fresh sandwiches, wraps and salads as well as other one-of-a-kind items such as curly fries and Jamocha shakes.

Our Image – Arby’s restaurants are now constructed in a Pinnacle or modified Pinnacle design, highlighting prominent architectural features. Our flexible, contemporary layout allows us to adapt restaurants to almost any prime commercial site.

Prototypes & Investment Levels – We offer a choice of prototypes and investment options to accommodate your specific business needs.

Operating Systems & Support – Our proven operating systems and development teams stand ready to help you grow your business, whether it’s your first Arby’s
or your 100th.

Our Culture – Our company culture is the ultimate secret to our success, and is
founded upon our core values: Dream Big, Work Hard, Get It Done, Play Fair, Have
Fun, and Make A Difference®.

Investment Levels and Fees

The initial license fee for an Arby’s restaurant is $37,500 for the first franchise unit and $25,000 for each subsequent unit.

The estimated initial investment for an Arby’s restaurant ranges from $336,500 to $927,900 for a lease situation, and from $750,700 to $2,474,400 for a land and building purchase situation (based on an initial license fee of $37,500 for the first unit).

Royalty Fee – 4% of gross sales

Advertising – 1.8% of gross sales for participation in our franchisee-owned marketing association and national advertising; at least 3% of gross sales for local
store marketing.

Who are we looking for?

We are searching for multi-unit foodservice and retail operators, as well as other
investors who have a history of business success. Other franchise candidates are also encouraged to apply, but will be required to have either experienced, qualified restaurant operators as part of their teams, or must complete our extensive training program.

Our primary financial requirement is a minimum liquid asset level of $500,000 (including real estate equity).

Required Capital: $0 – $2,474,400
Net Worth: $500,000+

Mobile Graphics, USA franchise

January 27th, 2009

THE COMPANY:
Mobile Graphics USA is the fastest growing Automotive Marketing Company in the USA. The reason for that is… our product WORKS! In this challenging economy today, the Automotive Industry is looking for the most cost effective means of advertising. We are currently in 15 markets and helping over 450 franchise dealers on a weekly basis sell more vehicles through our advertising concepts.

THE MARKETING CONCEPT:
Mobile Graphics USA has created a marketing strategy that reaches thousands of potential customers every day. Dealerships pay a lot of money each month for their locations to be in a heavy traffic environment. What most dealers don’t think about is how to use their locations to their advantage by getting their advertising message out to everyone driving by their dealerships.

THE PRODUCT:
Mobile Graphics USA installs advertising messages such as low prices, payments, incentives, rebates, discounts and special custom messages in big, bright, bold and eye catching 3M vinyl to the side of the vehicles. When dealerships place these vehicles on their road front, thousands of potential customers can see their great deals and advertising specials every day of the week.

THE COST EFFECTIVE ADVANTAGE:
Mobile Graphics USA offers the most cost effective form of advertising in the industry. Most dealers are spending anywhere from $200.00 to $400.00 in advertising dollars to sell a vehicle, we can bring their cost per sale down to only $85.00.

OUR NATIONAL AUTOMOTIVE SEARCH ENGINE WEBSITE:
bestautodealintown. Is a website where vehicles that have our advertising can be placed for consumers to see on the worldwide web. This website is marketed to the public as”The Automotive Clearance Outlet”, where you can find the best deals in town!!

CORPORATE COMMITMENT:
At Mobile Graphics USA we are commited to treating our franchises as business partners and to provide them with the best training and continuing support in order to be successful year after year.

OUR MISSION:
To give dealerships across the country the most cost effective means of
advertising that WORKS!!

WHAT OUR DEALERSHIPS SAY:
Sutherlin Mazda -” Mobile Graphics advertising concept works great. We keep 15-20 vehicles stickered on our road front at all times. It creates an event atmosphere for us and increases our lot traffic tremendously, which in turn we sell more cars.” Chris Whitten – GM

Sutherlin Nissan -” I have used MG -USA for nearly 2 years now and can attribute selling 35-40 vehicles each month by using their road-front advertising and bestautodealintown website. John Prattes- GM

Mall of Georgia Ford -”We use MG-USA to sticker 12-15 NEW cars & trucks with heavy discounts, rebates and incentives. We replace them each week as they sell to make sure we are getting our message to all of the drive-by traffic. IT WORKS!! Eric Conley – GSM

AutoNation -”GREAT ADVERTISING…THAT WORKS!! Our stores all over the country are using MG-USA’s advertising!!

WHAT OUR FRANCHISES SAY:
” Mobile Graphics USA has been a great business for me. They have given me excellent training and support over the years. They treat me as a business partner and assist me in building my business to its fullest potential. During the past few months as the dealerships need us most, I have increased my business significantly. I would highly recommend Mobile Graphics USA and I did to a friend and he is process of purchasing a franchise in his city.”
- Smitty Deicks (Orlando Florida Franchise Owner 2007)
____________________________________________________________________

If you are looking for a home based business that has minimum start up investment and huge income potential that includes longevity in the automotive advertisng industry. Then don’t miss this opportunity!

Franchise Cost $34,000 – $99,000

NOTE: We have 7 cities that our currently Corporate Markets and are generating a steady income each month. We are offering this rare opportunity and are offering these markets for sale as franchises. The opportunity to purchase a corporate market is very rare in the franchise industry.

Charlotte NC * Knoxville TN * Ft. Lauderdale, FL * New Orleans, LA *
Houston, TX * San Antonio/ Austin, TX * Dallas, TX * San Diego, CA

Markets available in all major cities

Lawn Care Business Franchise Or Independent Startup?

January 27th, 2009

Once you have decided to get into the lawn care industry, one of the first decisions that you will have to make is whether to start your own independent business or to go with one of the many lawn care franchises that are available.

Lets take a look at some of the things that you should be aware of when making this decision.

A franchise is usually a business system that has been proven to work well, no matter where it is set up. Franchisees usually receive full guidance into the business, a complete business model and plan that they then only have to implement for success. Well that is the ideal anyway. In reality many franchises fail just like independent businesses do and the franchise route can be limiting in some ways as your business grows and it can cut into your profits.

The early support that you will be offered during the startup phase is one of the best aspects of a franchise. Your franchisor will hold you hand through the whole process of learning about the lawn care business and get you off to a start without you having to do a lot of research and learning yourself. But in the long run those who do put in the hard work in the beginning and build their own baby from the ground up are usually rewarded more and are free to grow and profit to a greater extent. Bear in mind that lawn care is not that difficult to learn and you can easily learn how to mow and maintain lawns without expert advice from a franchisor.

Taking the independent route will mean that you have to develop and grow your own brand over time and to slowly build relationships and reputation with your customers. Franchisees immediately inherit a brand that has already been built up over many years so often they will have an easier time selling their services at first and may even be able to command a premium for their work. Not every brand has a good reputation though so do your research to make sure that franchise brand recognition will work in your favor.

The main downside with franchising is that it comes with an expensive price tag with startup and annual fees and ongoing obligations in terms of having to buy certain supplies from the franchisor. In the early stages of your business life it can be better to preserve your capital instead of handing it over for a lawn care franchise.

Independent lawn mowing operators will have the freedom to work as they wish and grow their business into new niche markets when opportunities arise. On the other hand, a franchise can limit your future potential for growth by placing constraints on what you can and can’t do. Being told exactly how to run your business is nice for the first six months but after that you want to be in charge of your own destiny and not be told how to manage your business.

Before going with the franchise route you should try and talk to some franchise owners, in any industry, and try to understand some of the pitfalls. Franchisees often complain that their franchisor opened too many branches within a small area and thus limited their opportunities by reducing the size of their market.

If you do go with a franchise then make sure that you read the agreement carefully and ask a lot of questions. Try to find out about the failure rate and also an exit route if you want to sell or dump the franchise and go independent. Getting advice from a lawyer is prudent as contracts can often be long and complicated and may not include some key clauses that you need to protect yourself.

Overall I would recommend the independent route for small businessman or businesswoman wanting to get into the lawn care business. It is easy enough to get started on your own so why invest a large amount of cash into a franchise that offers no guarantees when you can put that money into growing your own business from scratch.

For information on how to start a lawn business independently visit – http://www.StartaLawnMowingBusiness.com

For a comparative review of some of the top expert lawn care business guides that can help you get started and lead you to success.

Pro Image franchise

January 27th, 2009

A Superb Sports Franchise for Fans and Entrepreneurs

Pro Image is a sports fan’s dream come true. We are the nation’s largest licensed sports apparel gift shop, with franchises coast to coast. Die-hard fans migrate to our stores from all over to find their favorite team’s gear.

A Superb Sports Franchise for Fans and EntrepreneursIf you are one of thousands dying for a chance to work in sports, this is the business opportunity you’ve been waiting for. Now is the time for you to own a sports franchise, and work in an environment where you talk, sell and live sports! Pro Image Franchises is a great option for entrepreneurs looking for a low-risk, steady growth business with a relatively low investment requirement. And there’s more – qualified candidates who buy a Pro Image franchise in 2009 will receive a second franchise for FREE!

“I chose Pro Image over several other franchises because of the support from the home office. The prevailing attitude was that their #1 job was to help me be successful.” – Lloyd Knellor, owner of two stores in Tennessee for 19 years

Pro Image Franchises, LC has been the largest sports franchise in the nation for 23 years. Our stores have developed a strong following from customers that know we are the place to go for authentic and licensed sporting goods they cannot find anywhere else.
Here are some of the key reasons why you should join the Pro Image team:We are the nation’s largest licensed sports apparel gift shop

* Twenty-three year positive track record
* On-going demand
* Constant service and assistance from corporate office
* Multiple location strategies

A true sign of a quality franchise is the number of franchisees who re-invest in multiple locations. Pro Image franchisees who have owned their store over five years typically own at least 2-3 locations.

“My wife and I bought out the previous franchisee who had operated one small store. We have since grown to nine stores in a five state area. For anyone who is a big sports nut like me it is a great career choice. Being part of a franchise group allows us access to many resources and services that would be unattainable if we were on our own.” – Paul Shillingstad, owner of nine stores in South Dakota for 12 years
Outstanding franchise supportOutstanding franchise support

Key to the success of any business venture is a comprehensive set of support resources. Pro Image provides each franchisee with on-going professional services and support to the business that will ensure successful launch and sustained operation. Following is a list of support resources that the Pro Image franchise opportunity includes:

Marketing and sales support
Pro Image offers many marketing strategies throughout the year for our franchisees to promote business. We also have talented sales executives that can help you train and motivate your sales associates.

Leasing negotiation support
Our experienced leasing team has 23 years of experience and relationships with malls across the country. They can ensure you receive the best rent package and location possible.Pro Image Franchise Opportunity_2

Access to the Pro Image corporate service team
Pro Image has a close, on-going relationship with all franchisees. If there are ever questions or concerns, our corporate team is available any time to assist you.

An immediate communications network
By joining the Pro Image team you are immediately thrust into a network of accomplished owners that share their knowledge and experience with each other.

Instant access to top-name vendors
Pro Image has the ability to get you open with all key vendors in the sports licensing business. An added plus is the system-wide price breaks that our franchisees receive from vendors because of Pro Image’s buying power.

“I can honestly say that coming to work has never been something that I dread. Being able to make a living while working a job that encompasses your passion has been very rewarding.” – Tim Kerrigan, owner of four stores in Wisconsin for 25 years

Business Type: Franchise.
Minimum Investment: $137,500.
Financing Assistance: Yes, through a third party.
Training Provided: Yes.

The Fast Fix Franchise Experience

January 27th, 2009

FAST-FIX is the World’s largest franchise of jewelry and watch repair services. Established in 1984, FAST-FIX perfected a system for delivering fast, efficient, professional repair work on jewelry and watches for men and women by locating its stores conveniently in high traffic areas of regional shopping malls. The company began franchising in 1987 and today, has over 150 franchised locations in the United States and Canada.

With over two decades of success in the jewelry and watch repair industry under our belts, FAST-FIX has earned it’s reputation as one of the top franchise business opportunities in the United States and Canada. We’ve tried it all and have a defined formula for success. With FAST-FIX, the business opportunity, the formula and the success are all available to you.

The Fast Fix Difference.
We offer the means to develop a business that is only limited by the amount of time and effort you are willing to commit and by your imagination.

Our franchise owners come from all walks of life – many are corporate executives, past business owners, educators, retail managers, jewelers, real estate agents, restaurateurs – but what they all have in common is a strong desire to succeed and a passion for satisfying customers.

For 25 years, the FAST-FIX brand has been helping individuals build their own business – hundreds of independently owned and operated businesses, run by people just like you!

The Fast Fix Family.
When you purchase a FAST-FIX franchise, you are joining a family. From step one, throughout the entire franchise process, the FAST-FIX system provides training and guidance that aids in the operation of each store.

Our system has been built around the relationship that we have with our franchise owners and has been a key factor in FAST-FIX growth for the last 25 years. We value our franchise owners and we collaborate with them on virtually every aspect of our franchise business.

We’re certain once you’ve experienced what our franchise system has to offer, you’ll understand why so many people have joined the FAST-FIX family.

What to Consider Before You Buy a Franchise

January 26th, 2009

There is always risk involved when you are buying a franchise. It does not mean that if the franchiser is well known, you will also be successful. This is the reason why you have to look into several factors before investing. Think of it as an investment that you can make some profit from if you do the right things.

First of all, you should consider the reputation of the company or the franchisor. This involves the reputation of the franchiser, services, training, support, experience and profit potential. The ultimate reason for franchising a business is its brand and profit potential. You should look at the popularity of the company you are franchising with and find out if it has a registered trademark. This is important because you have to make sure that the business is not just an imitation of another person’s ideas.

You should also find out if the services offered by the company meet your target market needs. The experience of the company is important as well. You have to be aware of the length of time it has been operating or working to know how experienced the franchiser is in the business. Sometimes, the franchiser cannot guarantee close handling of the franchisees needs. That is why it is vital to understand the support and assistance that the company gives to its franchisees.

The training offered by the company is very important, since without adequate training you will not only fail to meet the standards of the franchise, but also be inadequately equipped to run your business properly. A failure of a franchiser to properly train you indicates a weakness, and that could be an indicator for you to get out as soon as you can. Your success depends upon the company’s success, and if the company is based on a foundation of poorly trained franchisees, then the future is bleak.

The franchising disclosure document is important, and you should be provided with a copy of that before signing up. This document will give you valuable information regarding the company, including the business background, the names of the executives, the business processes, the franchising system, and the experience of the company in franchising. Such a document also contains information about the history of litigation, costs, bankruptcy, terminations, restrictions, advertising, and current lists of franchisees. So make sure that you read and understand all the franchising disclosure information, since it will enable you to ask the right questions regarding the disclosure, so that you can get proper clarifications before franchising.

After gathering the information regarding the franchiser, you need to look at other important factors such as the location, market, demand, and competition. The location where you plan to establish the business can greatly affect your venture. Your franchising success will depend a lot on this because these other factors are affected by the geographical location of of the business. A sandwich bar might do reasonable lunchtime business in an industrial estate, but very little at other times.

Selection of the location should be strategic and well planned. Visual inspection is needed to find out if there are competitors in the area that offer the same services. Visit the area you have in mind and have walk around. Knowing the nearest franchisees of the same company is also essential because they can also be competitors. The location of your business should be accessible to your target market. Your market research should tell you which types of location are best for your kind of business; you will want somewhere that provides good exposure and best visibility for your business.

With regard to finance, the cost of the franchise should be well analyzed. Is franchising the ideal route to entry? Can you earn back your investment in a shorter span of time? You need to know how long the return of your investment is. You should also expect additional overhead costs when franchising because earning back your investment usually takes more than a year. This means that you will be spending more before you actually start making profit. There are also other expenses to consider such as the rent, supplies, utilities, and the payroll. Therefore, make sure that you have the necessary funds to sustain the business, so that you will not have to face the risk of bankruptcy.

With all these being considered, costs and benefits of franchising a business should be thoroughly analyzed before making a decision. Some of the factors mentioned above are disregarded by people when they go into franchising, but in order to be successful in the franchising business, you have to consider all these factors and make the necessary effort to ensure that they are in line with your business goals.

Given that you have done your homework and market research, there is no reason why you should not join all those others that are successfully operating a franchise business.

Naz Daud is the founder of CityLocal. This Franchise Opportunity is for people who would like to work from home and be their own boss.

What Makes a Good Franchisee?

January 26th, 2009

Andrew purchased a Worldwide Online Printing franchise in Brisbane in 2003 and, despite having no printing experience, quadrupled its turnover in four years and soon was able to purchase his second franchise close by.

Is there anything Andrew wishes someone had told him at the outset that could have made him a better franchisee?

“I certainly wish I’d had a better understanding of the difference between cashflow and profit. I was running a very profitable business but all the same outran my working capital because I hadn’t fully appreciated the importance of cashflow. I learned that one the hard way.”

“You need to make sure you have enough working capital. Franchisors recommend a certain amount but you should really treat that as a minimum. You can never have too much.”

What are the other things he thinks help make a franchisee successful?

Understanding the role of the franchisor

“You really need a clear view of what you are getting into. Franchising isn’t about paying your money and then sitting back and watching the money come in.”

“A lot of franchisees expect too much. The franchisor gives you access to a brand, systems and methods of doing business. It’s still up to you to make a success of it.”

“There are a number of key benefits that joining a franchise group brings – access to operating systems, a recognized brand, marketing and technical assistance, buying power, and a network of fellow franchisees to support you. This all comes at a price, and it’s important to recognise the value that you get for your royalty fee.”

Managing risk

Another key factor Robertson identifies is the ability to manage risk.

“It’s definitely part of the package and sometimes the stresses and strains are rather different from those of an employed person. You get individuals entering franchising with a golden handshake payment after many years as an employee. They want to be their own boss. That’s all well and good, but it comes with risk.”

“One day they wake up and realise ‘Gee, I’ve put my house on the line! I can’t sleep. I’ve got this debt to worry about’ and it comes as a shock. They then start to make decisions based on fear rather than on what’s best for the business. The truth is debt is a fact of life when you own your own business.”

Interpersonal skills

People skills are another key area Robertson emphasises, though he points out there’s no single right way of relating to others.

“It’s crucial to be able to relate positively to people. Obviously the most important people that you’ll deal with are your customers, so be prepared to impress them, to see the inevitable (although hopefully rare) customer complaints as an opportunity, and to ensure all your customer interactions are handled with respect and have a positive focus. Equally as important are your skills in communicating with your staff. The skills required with this can vary widely, for example in some fast food franchises you need to be able to deal really well with the young people who staff your business. The key is knowing where you have those interpersonal skills and choosing the franchise where they can be best used.”

Appetite for self-improvement

“You should be focused not just on building a great business but on improving yourself. In fact if you focus on becoming a better manager the business will probably take care of itself.”

“A piece of advice I often give people is that if they spot a problem in their business the very first question to ask is whether they might be the problem. Look at your own actions first. Be self-critical. If you want to see change in your business then usually that will mean making changes to your own attitude, knowledge or skills, so be prepared to invest time and money on improving yourself.”

Balancing working in the business and on the business

“You need to be prepared for a constant and continual battle between time spent hands-on in the business and taking time to be more strategic. Both are important.”

“It’s important to try to work at every level in your business so you understand the roles your staff play and can manage them effectively. But you can’t get so buried in operations that you can’t step back and look at the bigger picture.”

Hard work

“You really will have to display a considerable work ethic in the early days. You’ll need to keep your head down and bum up and do some long hours. It’s hard to avoid coming home with your head still in the business. Some people are naturally better at compartmentalizing than others and can switch off. Luckily I believe it’s something you can learn to do.”

“Your long hours can take a toll on your family and it helps if they’re prepared for it from the outset. Ultimately I don’t know anyone who doesn’t feel the effort has been worth it in the end.”

Positive mindset

Finally Andrew says that a positive mindset is important, but that’s normally something that franchisees have anyway.

“Thank goodness there aren’t a lot of pessimists who choose to become a franchisee!”

Check out Top Franchise.com.au for more insights into franchising

The Current State of Franchising in India

January 26th, 2009

Franchising in most parts of the world is well established and part of everyday life. In the U.S. over $1 trillion is spent per year in franchised outlets, 1 out of every 12 retail locations is a franchised operation. Now franchising is moving into other parts of the world, most notably India.

India now presents and enormous opportunity for franchise organizations. The country has over 12 million retailers which surpasses even China. This makes India the country with the highest retail outlet density in the world.

Indians have taken to franchising like the U.S. Already in this young and undeveloped franchise environment there are over 600 franchisors franchising in the Indian marketplace today. Along with that comes over 40,000 franchisees spread out across the country and across different sectors, over 300,000 Indian employees are employed directly by Indian franchise companies there. The market is enormous with almost unlimited potential. Currently the education sector of franchised businesses is the leading franchise model, but retail is catching up. The size of the consuming class means big opportunities for more franchise development.

The potential downsides of the new Indian market are what comes along with any developing market. For one the lack of regulation can still be an issue, real estate can be tricky and skewed in some cases and financing can be difficult. But if you can deal with those, this market has loads of potential.

There are a lot of companies in the services sector that are actively looking at India to set up their franchise operations today and will continue to be in the future. The growing popularity of the franchise model among Indian business men is evident in and around the country of India. The same issues that are taking place in the U.S. are also happening in India today. More people are losing their jobs, the big companies are downsizing with the slowing the economy in many sectors. This puts more people in the franchise market who would otherwise be working in a management position at a salary.

A franchise is a way for someone to earn a living without the risk of starting their own business. The other side of the equation is that as is the case in the U.S., investors are becoming more and more wary of putting their money into the stock market today. Earning the kinds of returns that were possible 2-5 years ago are extremely difficult today. This prompts more and more Indian business people to invest in themselves through a franchise model. Overall, the Indian franchise market represents one of the largest franchise opportunities in the world today.

Franchise organizations with applicable concepts and good planning will absolutely take India into account when planning their franchise system expansion for the coming years.

Vice President
Francorp, Inc.
708-481-2900
http://www.francorp.com

Best Work From Home Low Investment Franchise Opportunities

January 23rd, 2009

There’s an age-old saying that plays through business owners’ ears again and again: “it takes money to make money.” I don’t have the first clue where the old proverb came from, but wherever it originated, it has found its way into the minds of many a fearful entrepreneur. As if starting a business wasn’t challenging enough as it is, someone went and put this strange notion in our heads that if a person doesn’t start out in business with a good deal of money, they won’t be successful. But this, however, is no longer the case, and here’s a short list of some great franchise opportunities that cost $20,000 or less and can take you from a startup business owner to a six-figure salary franchisee as soon as the first year of your franchise.

Mechanized Business

While these small businesses don’t exactly run themselves, once these franchises machines are properly stocked and placed in the right location, the money does start to roll in with very little ongoing effort for the franchisee. DVDNow and Breathtesters USA are not only inexpensive to start, but brilliantly designed for making sustainable profit night and day, seven days a week without the franchisee’s presence. DVDNow holds staunchly to its name, providing DVDs to the public, twenty-four hours a day, from automated kiosks, which look very much like vending machines. Dollars go in and DVDs come out, all while the work-at-home franchisee is meeting with the owner of another potential kiosk location. Breathtesters USA works in much the same way. Set up in bars and restaurants, instead of malls and grocery stores, Breathtesters USA machines, for a fee, give patrons the ability to check their own blood alcohol content before they drive away from the establishment and give the cops an opportunity to do it for them. This saves bar-goers a legal nightmare, saves the cops a headache, potentially saves innocent bystanders their lives, and fills the franchisee’s bank account. Both businesses cost very little to start, but provide consistent income.

Hands-On Money-Making

Not everyone wants to invest their hard-earned money into a business and not have the morale-boosting benefit of actually being present to see the work and the finances rolling in. If you prefer a more “hands-on” approach to your small business, here are some low-cost business opportunities for you. For those who love people and love travel, Cruise Planners LLC could be just the ticket. One of the premier cruise/travel-planning franchises to date, this company name is well known for providing excellent customer care to current cruise-lovers as well as effectively reaching out to the vast, untapped masses of people who have never cruised and are ripe for giving it a try. Not to mention, for the low startup cost, this business produces huge commissions, some of the biggest of any industry.

For the handy-at-heart, though, there are also plenty of great franchise options, and this next one is specific to our dear franchise neighbors to the north. Aurora Sealers LTD is a Canadian franchise company that specializes in tile and grout sealing and cleaning. This is for the entrepreneur who enjoys doing the work for himself and is looking for a business with an unending list of potential clients.

Making Money From Other People’s Money

As the perfect blow to the saying that “it takes money to make money,” here are some home-based businesses that do take money to make money, just not yours. After a frugal initial fee, the proud owner of a Blue Coast Financial Group franchise is given all the tools to be a financial advisor to businesses of every size and caliber. Giving help in all areas from regular payroll to loans and capital investment, the franchisee with this group is paid to help other people make and save their own money. In a similar vein, Premier Leasing Academy and Lease One deal in equipment leasing. Work-at-home franchisees with these groups are given all the training and tools to help match companies with a plethora of different types of business equipment (from office to construction) that they otherwise would not have been able to afford. This is not only a great service to other developing businesses, but a highly profitable sector of work. All three of these franchises are available without a whole lot of startup capital to easily begin making money from the financial resources of other businesses, while simultaneously helping to advance the client’s bank account and financial productivity as well.

What It Takes To Make Money

Truly, having money doesn’t hurt when you’re trying to make more, but it’s not an absolute necessity. What is necessary is a product or service that someone needs, the drive to push through all the discouragement that comes with starting a new business, and the wisdom to make effective systems and good business decisions along the way. The benefit of running a low-startup franchise is that all those things are already established when you come to the table. Anyone can make money, even if you don’t have very much.

Find more home based franchises including mobile franchises and low cost franchises at Franchise Gator

New Franchise Opportunities For the New Investor

January 23rd, 2009

For most entrepreneurs, the first investment is usually the most difficult and is often what makes or breaks a career in business. No investment is a sure thing, but rather than just diving into a business and hoping it works out, there are a few ways to insulate yourself to give your first small business venture the best chance for success. One of the top ways to get your business running strong out of the gate is to choose one of the many new franchise opportunities available that not only have a strong track record and represent a solid investment, but also are geared towards new investors by supplying everything needed to make the business a success from branding and marketing to business plans and leadership and management training. If you’d like to set out on your own first investment but need a little reassurance and a push in the right direction, take a look at a few New Franchise Opportunities For The New Investor.

Strong Investment, No Bull!

A franchise is available for nearly every investment level and career path, but for the average first time investor, low cost franchises will be the most practical choice and generally the quickest way to expand your business by creating quick cash flow and operating with low overhead. Paint Bull is one such franchise that specializes in repairing minor auto damage right at the customer’s home or place of business. With initial investments ranging from $5,000 to $30,000 and many franchisees reporting annual sales of over $100K, it’s easy to see how this home based business can pay off very well, even in the first year. No auto knowledge is required as Paint Bull will train and certify you to perform repairs, provide you will all of the necessary equipment and supplies and even send a Paint Bull representative to your area to help you with the initial sales. The icing on the cake for new investors is the loan process available directly from Paint Bull providing you with a new home based business for $0 down with approved credit.

Hot, Spicy, Right To Your Door

Seeing an overwhelming majority of pizza in the food delivery market and wanting to offer a fun and tasty alternative, Wing Zone began a little more than a decade ago and has grown fast, earning such accolades as “Top 20 new franchise offerings” from entrepreneur magazine and a featured appearance on the Food Network in the popular show, “Roker on the Road.” Wing Zone’s 25 proprietary sauces help them to stand out among other wing establishments and the small footprint of only 1,000 sq/ft needed for the restaurant makes starting your own Wing Zone more practical and affordable than nearly any other retail establishment. Their award winning sauces combined with a strong delivery system makes Wing Zone a strong franchise and a great candidate for the new or first time investor. Wing Zone provides franchisees with extensive training, real estate assistance and ongoing support through telephone consultation and a company wide Intranet. Interested investors should have a minimum of $60,000 liquid capital and a total investment of around $250-$300K.

Deck Out Your New Investment

An estimated 60 million (or 75% of all single-family homes) do not have a deck, and Archadeck is capitalizing on this $8 billion market as America’s Deck Buildersm. With over 65,000 successful projects since it’s inception in 1980, Archadeck has built a proven deck building method and expanded its services to sunrooms, gazebos, pergolas, arbors, pool & spa decks and plenty of other outdoor structural applications. With an Archadeck franchise, you’ll be able to work from home on all of the administration work and then on site for the actual construction. Franchisees with little to no construction experience need not be intimidated because Archadeck provides comprehensive training and have made successful franchisees from entrepreneurs from all walks of life including communications, computers, accounting, retailing and many other fields. Along with the specific training related to the actual construction, Archadeck also provides training in marketing, sales and administration taking you from new investor to a seasoned Archadeck entrepreneur.

Bark and Brew

Like Reese’s candy with chocolate and peanut butter, sometimes some of the most unlikely combinations can ultimately work very well together. This is the idea behind the Muddy Paw Wash & Coffee Bar, a unique franchise opportunity providing a top-notch dog washing service, a retail store filled with plenty of products for your furry friend, and a gourmet coffee bar, serving up hot cappuccinos and cool iced lattes. While the three aspects of the business work very well together, the pet retail section and coffee bar serve to attract their own client base and work well to boost your business by giving you three distinct businesses in one location. With nearly 75 million dogs in the US, many in urban areas, pet boutiques have really started to take off in the last few years and with the unique and diverse business approach taken by Muddy Paw Wash & Coffee Bar, prospective franchisees are poised to take a big piece of this growing market.

While no investment is a guarantee, these franchises show great potential for the first time investor with their broad appeal, low overhead and unique business models. A new business venture requires not only a financial investment, but also a personal investment of time and hard work and an emotional investment of pouring yourself into a business to make it succeed. The best way to guarantee that you’ll be able to provide this investment is to consider all of the financial costs required to run the business for at least the first year and secondly, choose a business that excites you. With a business that will make you want to jump out of bed in the morning and go to work, you’ll set yourself up for success, and that positive outlook will work it’s way down to your employees, your customers and ultimately, your profits.

Find more franchise business opportunities including mobile franchises and pet franchises at Franchise Gator

BrightStar Healthcare franchise

January 23rd, 2009

Grandma: The BrightStar Inspiration For This
Senior Care Franchise

BrightStar Healthcare Franchise Opportunity_2The inspiration for BrightStar Healthcare came from our own family experience. When our late Grandma was suffering from cancer, we were surprised by how difficult it was to find quality professionals to help care for her. We made calls, left messages and did a lot of waiting. It was a long time before we could finally find people we could trust. We are forever grateful for the help our caregivers provided during our time of need.

The creation of BrightStar Healthcare stems from this experience. We decided to create a great company that would provide families the highest level of care, dignity and personal attention at a time when they are most vulnerable through age or infirmity.
Let’s make a difference together

Chances are you or someone you know has been in a situation similar to ours. Imagine the difference you could have made in their time of need. Many families are facing these difficult situations today and many more families will be facing them tomorrow. You can become part of the solution with our senior care franchise opportunity.

You will help seniors live with dignity and stay in the comfort of their homes. Even as their needs change, you will enable them to stay in their homes because you will provide every service they could receive in a nursing facility.BrightStar Healthcare Franchise Opportunity_1

“BrightStar’s environment of support, strong corporate leadership and commitment to quality have made joining this family the best decision of my professional life.” – Cheri McEssy, BrightStar franchisee
A thriving market

The future is very bright. BrightStar provides services to the largest and fastest growing market segment in the U.S. – seniors. The need for home healthcare and medical franchises is growing rapidly and the senior population is a group with much greater than average healthcare needs. Seven thousand people a day turn 65.
Three revenue streams – Home Care, Staffing and National Accounts

With BrightStar’s home healthcare franchise, you will be able to reach more clients. We offer three types of home care – non-medical care that includes companionship and transportation; personal care that includes bathing and assistance with the activities of daily living; and skilled medical care that includes invasive care handled by RNs and LPNs.

BrightStar Healthcare Franchise Opportunity_4Additionally, you will provide supplemental staff to businesses. Providing staff to businesses is typically three times more profitable per hour than home care.

Lastly, we have a dedicated focus on bringing revenue to our franchisees through national accounts.

You do not need to have medical or healthcare experience. What is absolutely necessary is a passion to succeed. We’ll supply the necessary framework to give you every opportunity to do so. We offer the best training in the business. Our relationship does not end after you open your doors. We will always be at your service.

We know that our proven business model works, so finding the right owners is very important to us. Our typical franchisee is either a mid-level manager or above who has 5 years experience managing at least 3 people or more. Some have owned businesses before, but it is not a prerequisite. You need to be compassionate and caring. You also need to be able to build relationships, network, be resourceful and have a net worth of $400,000. We’ll provide the rest.BrightStar Healthcare Franchise Opportunity_3

Our growing health care franchise family is made up of people who care about people. Join us and we will make a difference together!

“I am fortunate to have a few key advisors who have run major businesses. I called upon them to advise me on the BrightStar opportunity. All of them felt it was a strong business model with a tremendous upside potential.” – John Botsko, BrightStar franchisee

Business Type: Franchise.
Minimum Investment: $108,000.
Training Provided: Yes.

Personal Training Institute franchise

January 23rd, 2009

PTI. The ONLY fitness franchise that offers one-on-one
strength training together with customized nutritional
counseling.

Do you know that 66% of Americans are above a
healthy weight? Is your passion helping guide people
toward lifestyle changes that truly make a difference?

“PTI has given me the opportunity to realize my full potential. They showed me how to incorporate diet and exercise into how I live. I’ve never felt better!”
Stephanie lost 40 lbs. with the help of PTI

Owning a PTI franchise can be rewarding in so many ways. As the only fitness franchise to offer a scientifically proven and individually monitored exercise regime with a balanced nutritional program, PTI has created a niche in the lucrative physical fitness and training business. Now you can benefit from our one-of-a-kind model and strive for the success YOU deserve.

From the physical fitness goals of our clients to the business goals of our franchisees, our business model has been created to achieve long-lasting results. And, we’re always looking for new ways to motivate our clients and inspire our franchisees.

The PTI business model:

* Is backed by a twenty-year history in the fitness and nutrition industry
* Is based on facts, not fads
* Appeals to a larger customer base who wants to live longer and better
* Features a one-on-one workout plan created by Exercise Physiologists
* Offers custom-tailored nutritional counseling from Registered Dieticians

Our full-contact approach to fitness is mirrored by our equally intensive approach
to business. Our level of franchisee support puts your goals within reach and
helps you keep things running smoothly. You’ll receive assistance in every area
of your business from a senior team that can share their expertise in:

* Site Planning
* Hiring and Human Resources
* Buying Power
* Owner/Manager Training
* Personal Training Education
* Nutritional Program Instruction
* Marketing and Advertising
* Hotline Support

PTI customers have an incredible 80% success rate! No wonder our members keep coming back. They love our commonsense approach to fitness and nutrition. You’ll love that you can efficiently operate in a space one-tenth the size of most fitness centers.

Required Capital: $0 – $250,000
Net Worth: $250,000+

RimTyme franchise

January 23rd, 2009

A Premier Automotive Franchise Opportunity

At RimTyme we are driven by our company values – “People Helping People” and we are in this business to make the dream of ownership both a reality and a positive experience. We are committed to creating value for our franchisees by supporting them with superior systems, programs and processes every step of the way. And we are driven by the successes of our franchisees who lead the industry in customer service and respect. One of the hallmarks of the RimTyme opportunity is the flexibility that allows franchisees to operate as independent business people, while maintaining the brand and benefitting from the RimTime operating system. RimTyme is arguably one of the best investment deals available and a truly exciting business for the enthusiastic entrepreneur.

RimTyme Franchise Opportunity_3Led by an executive team with 60+ years of combined retail, rental and franchise experience, we help our franchisees with business plans and site selection as well as remodeling, lease negotiations, exterior signage, inventory orders and equipment specifications. And before their first RimTyme store opens, each franchisee partner will have access to some of the finest and most comprehensive training programs in the custom wheel industry.

“RimTyme provides unparalleled support with financing, marketing and sales. My decision to become a RimTyme franchisee has been instrumental in my ability to improve both my personal and professional lifestyle.” – Eric Malone, Multi-Unit franchisee, Maryland and Georgia

Our franchisees describe the opportunity they have with RimTyme as the best of both worlds: the autonomy to run their business as they see fit and treat each customer with personalized service, paired with buying power, inventory, financing, marketing and training programs.

We go beyond running a franchise system. Demonstrating a strong commitment to the brand, we are building at least 10 new company operated RimTymes over the next 12 months.
10 very good reasons to choose RimTyme:

1. Complete financial support RimTyme Franchise Opportunity_1
RimTyme offers strong financing programs for franchisees who qualify and need financial assistance in order to own their own business. RimTyme is the guarantor for qualified franchisee 100 percent inventory financing and capital loans.

2. Buying power
RimTyme’s purchasing power of top brand name products for its franchisees is among the best in the country, and the number of vendors that want to supply RimTyme is growing rapidly.

3. Company history
RimTyme was developed by ColorTyme, the oldest and most experienced rent-to-own franchise company in the U.S.

4. Ride today
RimTyme’s experience, buying power and financing arrangements allow our franchisees to maintain the necessary inventory to provide customers with what they want – to ride today!

5. Training
exCEL (our rent-to-own in-store training program) offers the skills that enable franchisees and their team members to succeed. Specific state-of-the-art wheel and tire training is provided at your location as well.

6. Simplified operations
Day-to-day business activities are simplified and cost effective, using state-of-the-art store operating and accounting systems from third party providers.

7. Real estate and legal supportRimTyme Franchise Opportunity_1
RimTyme’s preferred real estate broker assists with site selection and lease negotiation (no charge) to give each RimTyme store a great start in the community it serves. Franchisees also have access to free legal counsel regarding lease contracts and associated paperwork.

8. Name brand products and customized orders
RimTyme customers are loyal in part because we have the brands they seek, the latest technology and the industry’s best equipment. Additionally, with the autonomy RimTyme allows, franchisees can customize orders as required.

9. Up-to-date marketing
RimTyme’s in-house marketing department has three full-time marketing and graphics professionals to work on effective marketing programs and spectacular graphics. Ads can be stock or customized. Marketing may create and develop direct mail marketing, broadcast media, web advertising, point of purchase display materials, promotional guides and calendars, yellow page advertising, on-hold advertising and much more.

10. Assigned support personnel
A franchise field consultant is assigned to each franchisee to lend support when needed. Franchisees are also assigned a purchasing professional who will handle any issues that arise in their inventory purchasing. Seasoned financial help is also available for advice or assistance with financial plans and cash flows.

“We opened our first RTO store four years ago and our first tire rental store two years ago and quickly learned the tire rental business would be a profitable investment. It grew faster than our traditional RTO business. People are excited about fixing up their cars and it’s a trend that’s only going to grow.” – David Deignan, Multi-Unit franchisee, Georgia

If you are looking for a new business opportunity in the automotive industry or if you own an independent wheel & tire store(s) and are interested in converting to a RimTyme store(s), we would like to hear from you!

Business Type: Franchise.
Minimum Investment: $150,000.
Financing Assistance: Yes, from the company.
Training Provided: Yes.

ColorTyme franchise

January 23rd, 2009

A Rent-To-Own Retail Franchise From An RTO Leader

ColorTyme Franchise Opportunity_1For almost three decades, ColorTyme has been renowned for its dedication to innovation and its people. We’re not only in the rent-to-own (RTO) business, but in the business of improving lives for our customers, franchisees and vendors. Our franchisee financing programs, where the ‘sweat equity’ of an experienced RTO manager holds as much value as a proven entrepreneur or a deep wallet, is testimony to our belief that the opportunity for business ownership should be open to all. We call this ‘People helping People,’ and it is this spirit, coupled with integrity in everything we do, that enables folks to achieve their ownership dreams through financing, training and other ColorTyme support programs.

We provide inventory financing, substantial and flexible merchandise buying programs, and stellar marketing program and graphics support. These are just some of the advantages of being a member of the ColorTyme family.

The ColorTyme franchising process is simple, straightforward and fast. Most new franchisees typically open their first store in about three to six months after signing a franchise agreement. Our support system doesn’t stop once the store is open. ColorTyme franchisees can also take advantage of customized training programs for every position, and award-winning marketing materials to help build their business.
Why ColorTyme could be right for you

Led by an executive team with 50+ years of combined RTO experience, we help franchisees with business plans and site selection as well as remodeling, lease negotiations, exterior signage, inventory orders and equipment specifications. And before their first ColorTyme store opens, each franchisee has access to rent-to-own’s most comprehensive training programs.

“In my 20 years in RTO, I have learned that finding the right company and people that believe in you is as important as your own determination and hard work. People, financing, product and training – four reasons I know I have found the right company – for myself, my family and my team.” – Bruce Emory, owner of three ColorTyme stores in Atlanta area
Top 10 reasons to choose ColorTyme:ColorTyme Franchise Opportunity_3

1. Brand recognition: ColorTyme, Inc. is the oldest rent-to-own or rental purchase franchisor in the U.S., with over 215 locations and almost three decades in the business.

2. Buying power: ColorTyme, Inc.’s. purchasing power for top brand name products for our franchisees is among the best in the country.

3. Complete financial support: ColorTyme offers strong financial incentives for rent-to-own professionals who know the industry and need financial assistance in order to own their own business.

4. Real estate and legal support: ColorTyme assists with site selection and lease negotiation to give each ColorTyme store a great start in the community it serves. Franchisees also have free access to legal counsel regarding lease contracts and associated paperwork.

5. Training: The combination of exCEL (our in-store training program) and CTU (ColorTyme University for managers and owners, an operations and management development training program) provides the skills for success to franchisees and their teams.ColorTyme Franchise Opportunity_5

6. Simplified operations: Day-to-day business activities are simplified and cost effective using state-of-the-art store operating and accounting systems.

7. Centralized product repair system: ColorTyme has a National Product Service program that provides weekly delivery, pick-up and replacement of merchandise at each store.

8. Name brand products and customized orders: ColorTyme customers are loyal in part because we have the brands they seek and the latest technology. Additionally, ColorTyme allows franchisees to customize their orders for customers.

9. Award-winning marketing: ColorTyme’s in-house marketing department works closely with high profile creative companies to develop direct mail marketing, broadcast media, web advertising, point of purchase display materials, promotional guides and calendars, yellow page advertising, on-hold advertising and much more.

10. New programs and revenue sources: ColorTyme has recently launched customized Pay Day Loans and Customer ColorTyme Franchise Opportunity_2Wheels and Tires programs as another revenue source for franchisees. Both have complete operations manuals that will help you every step of the way.

“In two short years as a ColorTyme franchisee I have built three of my own ColorTyme stores and fully intend to have 10 stores in the next five years. Why can I say that with such confidence? Because I have the ability to run the store as I see fit but also draw on the support of an entire company through training, financing and marketing programs that give me a clear advantage over independent operators. ColorTyme has purchasing down to a science.” – Tom Smith, owner of three ColorTyme stores in Maryland and Pennsylvania

Business Type: Franchise.
Minimum Investment: $140,000.
Financing Assistance: Yes, from the company.
Training Provided: Yes.

The Right Stuff About Buying a Franchise – Lesson 5 – Your Accountant is God

January 22nd, 2009

Yes, I mean it. It is not rhetoric or hyperbole but is truly grounded in reality. Your accountant or financial adviser is God (or very close to it!).

I began with the best of intentions. My former accountant was a well-meaning guy with a number of small businesses in his portfolio. His specialization, however, was the not-for-profit sector. Their philosophy and that of this budding franchisee could not have been more different.

Believing that I should ground myself in all aspects of the business, he encouraged me to purchase bookkeeping software and complete all of the data entry associated with paying suppliers, receiving books at the store, processing credits, and so on. Unfortunately, not only did I struggle with accounting at college, my desire to undertake such laborious processes was even more underwhelming now that I was distant from academia. Thus, I let the bookkeeping drift while hoping that it would sort itself. While the elf may have repaired all of the boots in the old fairytale, nothing of the sort would occur for me.

You see, I am a book keeper, not a bookkeeper!

Before telling you about the inevitable disaster that loomed over me, allow me to digress briefly to discuss the value of a franchise-familiar accountant prior to making the decision to buy a franchise. In short, an experienced financial adviser is worth gold to you. They can review the most important metrics underlying the success or failure of your proposed business and put their finger quickly on the flaws in your thinking. If it is an existing business, they can spot whether the owners have been paying themselves a reasonable salary, whether they have or have not been squirreling funds between accounts to create the perception of inflated profits and revenues, and let you know if the value placed on the goodwill of the business is reasonable or overstated.

Oh, how I wish I had received that type of advice at the time!

Okay, back to my disaster. While I was keeping up with paying my suppliers, my cash reserves were rapidly diminishing. Cash is the lifeblood of any business and is the very heart and soul of every small business and franchise. Despite sales revenues looking okay, I was losing the battle to stay afloat. In addition, while not completing the critical accounting tasks, I was also neglecting to return overstocks to suppliers, a fatal sin for any bookseller.

I was just about ready to throw in the towel when I received a phone call from the franchiser. A new employee in the accounting department had spotted a major error. Every month since I had purchased the business I had been sending in a check to cover my royalty payments and advertising levies. At the same time, my franchisor had been direct debiting my bank account for the exact same amount each and every month. I had been paying the franchisor double and no one had spotted it.

When the head office employee stated that I was about to receive a refund of almost $30,000, I could hardly speak, such was the feeling of relief. When I phoned my wife, who teaches part-time rather than working in the franchise, she cried. While not nearly as naturally emotional as I tend to be, she had been sharing the same strain. We shared tears of relief.

Now, I have an accountant who services the financial needs of three other stores in this franchise network in addition to mine. He knows all of the ins and outs, can organize the leasing of new equipment, and can complete the critically important financial deliverable on which the franchiser relies. Not only that, Doug drops by the store every few days to pick up my paperwork and discuss any financial matters that either he or I need to resolve. He makes sure I pay my taxes on time, processes the salaries of my staff, and keeps a supportive eye on me, the financial Luddite.

So, while it may be an overstatement to equate Doug with the holy father, it is nonetheless that he was an overdue answer to prayer. For your own peace of mind, find a Doug at the outset!

Dr Dave Poole is a franchise owner, writer and speaker who resides in Sydney, Australia. He speaks regularly to business groups and has taught leadership and corporate strategy at business schools around the globe. Co-author of two popular management books, Dave Poole was recently the successful CEO of a major industry association for the real estate development sector. He has served in local and state politics and currently owns a successful franchise bookstore. His speaking topics include “Making Your Small Business or Franchise Work in Tough Times” and “Communicating Passionately and Persuasively.” For more information, please see http://www.stratleadership.com

Pressed4Time franchise

January 21st, 2009

What’s Pressed 4 Time?

In simple terms, Pressed4Time is a sophisticated dry cleaning pick-up and delivery service. We provide families, local business and office buildings twice weekly pick up and delivery of dry cleaning and shoe repair services our customers can depend on. Local dry cleaning plants and cobblers do all the cleaning and repairs.

* Regular business hours/5 days per week
* High repeat service business
* Home based business
* Low investment
* Single or multi-van routes

Why a Pressed4Time Dry Cleaning Pick Up
and Delivery Business?

Established in 1987, we are an international company with an outstanding track record and a rich future. As the largest company of its kind, we operate more than 165 franchises in 31 states and Canada.

The Pressed4Time system offers franchisees:

* 50% Gross Profit Margin on Dry Cleaning
* Distinctive Royalty Plan
* An Established Relationship with a Dry Cleaning Plant
* The Pressed4Time Name, Trademark and Logo
* Total Training Program
* Confidential Operating Manual
* Business Management Software
* Marketing Manual & Materials
* Exclusive Territory

What’s Required?

The initial franchise fee includes the territory along with all the training and know-how you need, and it’s only $29,900. And, of course, you must have a van which can be leased or purchased. As a Pressed4Time business owner, you work out of your home; all you need is a desk, a computer with internet access, a quality printer, a calculator, a telephone and an answering machine.

What Training Will I Receive?

The Total Training Program.

Our six step-training program administers comprehensive support from our experienced staff:

1. Tele-train, research your competition and secure your van from home
2. Travel to our Home Office in Massachusetts where you’ll spend time on the road with an experienced Pressed4Time franchisee and several days in the classroom for formal training
3. Complete three days of Marketing Training in your territory with your personal Pressed4Time trainer
4. MIS Training (Management Information System). You will be taught how to utilize our proprietary MIS programs by our MIS Trainer online and over the phone
5. Evaluate, brainstorm and continue to build your business during a visit from an experienced Pressed4Time trainer 30-60 days after opening
6. Participate in weekly calls with your Pressed4Time coach for ongoing support and strategy sessions.

What Support Will I Receive?

The Pressed4Time Support Network remains a driving force in your business by providing on-going assistance and inspiration for the duration of your partnership with the company.

* Experienced Support
* Monthly Business
* Newsletter
* Marketing E-newsletter
* Customer Newsletter
* Conference Calls
* Coaching Program
* Email and Web
* National Conferences
* Intranet Software and Marketing Support

A REVOLUTION IN DRY CLEANING.

Providing pick up and delivery dry cleaning and shoe repair services, Pressed4Time provides a time-saving service to the over-scheduled. The convenience of our business, combined with superior customer service, ensures satisfied and committed customers. Pressed4Time strives to be the company that people depend on again and again. And we are. With a cutting-edge business strategy, the greatest number of franchises, the most vans on the road, proven experience and the highest profits offered to our franchisees, PRESSED4TIME IS #1 IN THE MOBILE DRY CLEANING MARKET.

If you are ready to tap into a booming service market by operating your own Pressed4Time franchise, we invite you to join us – the mobile dry cleaning industry leader.

Pressed4Time has been recognized by Entrepreneur® Magazine as:

* A Franchise 500® 1994-2008
* Ranked Number 1 in Category 12 of the last 14 years
* One of the Top 101 Home-Based Franchises 2003-2006
* One of the Top Low-Cost Franchises 2003-2006
* One of America’s Top Global Franchises 2004

Required Capital: $0 – $44,810

SUBWAY franchise

January 21st, 2009

The history
Fred DeLuca and Dr. Peter Buck opened the first SUBWAY® restaurant in the city of Bridgeport, Connecticut, USA, in the summer of 1965. The company was later incorporated in the name of Doctor’s Associates Inc.

The SUBWAY® franchise is the largest restaurant chain in North America and is poised to become the largest restaurant chain in the world.

The SUBWAY® franchise system places a focus on making great sandwiches. It is so great, in fact, that many SUBWAY® customers have become franchise owners simply because they believe in the product.

SUBWAY® franchise offers

* 24 hour potential with hot menu items
* Flexible floor plans
* Simple operations, no frying or grease
* Trusted brand recognition
* Well trained team of people striving to exceed customers’ needs
* Dedicated headquarters personnel and local support network

Customers want

* A quick, tasty and portable meal
* Attentive customer service
* A meal prepared just the way they want
* Nutritious choices to eat right
* Affordable, value focused menu

SUBWAY® food includes

* Nutritious menu choices
* Flexible food options for multiple day-parts
* Gourmet breads, sauces and toppings
* Hot meals and subs toasted to perfection
* Fresh subs, salads and wraps made to order

The SUBWAY® franchise was named the #1 Global Franchising Opportunity by Entrepreneur Magazine in 2008.

The SUBWAY® business goal is to be the number one restaurant/store chain in both consumer ranking and location count in every market it serves.

In most years about 70% of SUBWAY® franchises are purchased by existing franchisees

Exceptional growth
With the SUBWAY® franchise system’s outstanding support structure and operational history, it’s no surprise that its growth continues to break global records.

Great food
SUBWAY® “Sandwich Artists” begin making customers’ sandwiches on a varied selection of daily baked gourmet breads. With the option of many ingredients, the sandwiches are customized with an array of meats, cheeses and vegetables and topped off with unique select sauces. In addition, many food flavors are brought out by toasting the sandwiches to perfection, just the way a customer wants.

Décor
Tuscany décor integrates the look of natural building materials – brick, clay, stone – into the stores and conveys to customers that SUBWAY® locations are warm and inviting family dining destinations.

Products you will be proud to serve
The SUBWAY® franchise offers your customers many great options to eat a fresh meal, fast. Think about your customer base and all the potential consumers who patronize your business. Wouldn’t the quality of the SUBWAY® products appeal to those consumers?

SUBWAY FRESH FIT™ Menu*
Caring about the health of customers shows with the SUBWAY FRESH FIT™ menu that is low in saturated fat and cholesterol and is trans fat free.

The franchisee is responsible for:

* Initial franchise fee
* Finding locations
* Leasehold improvements and equipment
* Hiring employees and operating restaurants
* Paying 8% royalty to the company and a fee into the advertising fund

The company provides:

* Access to formulas and operational systems
* Store design and equipment ordering guidance
* Training program
* Operations manual
* Representative on-site during opening
* Periodic evaluations and ongoing support
* Informative publications

Investment
A SUBWAY® franchise has some of the lowest start-up costs in the industry. Your complete investment will depend on your location, size and the extent of renovations required. Detailed investment information is outlined in the Capital Requirements worksheet enclosed in this brochure.

Location performance
Generally, the most important factors for performance are the location of the franchise and how well it is run. Because these key factors are unknown, Doctor’s Associates Inc. cannot predict your results.

In fact, to eliminate possible misunderstandings, the company has a policy that no employee or agent can provide you with projections as to potential sales, earnings and profitability.

The best way to get this information is to complete an application. After your application is received, you will receive a DAI offering circular and contact information of our franchisees. These franchisees will be able to answer your specific questions.

Support
Doctor’s Associates Inc. is proud of the excellent support systems available to SUBWAY® franchisees. Ongoing support is provided before and after you open your store. As soon as you join the SUBWAY® team, you’ll have access to help to get you started. Once open, systems are in place to help you operate your location effectively.

Required Capital: $0 – $225,000