Usually, there is more than one reason for success in franchise management. Here, I will explore one issue that can determine franchise management success. Take care when creating your franchise management programs. On-going franchise management success is dependent upon effective quality control programs. This quality control builds customer loyalty and leads to higher sales and profits system-wide. Franchising is based upon a company offering a product or service that can be duplicated through a system that can also be duplicated. The consistency created by proper franchise management sets c ..read more

From my perspective as a professional with a franchise consultants company, franchising your business is not particularly difficult.   Here we will take a look at the topic of franchise support programs. Literally thousands of companies have successfully franchised; and many have brought in specialists in franchise consulting to help. It is important to properly structure the franchise program to reflect the specific business you are franchising. Often, a person experienced in franchise consulting can save you time and costly mistakes by helping you make the right choices. Franchise Suppo ..read more

NFA has found that many of our clients choose to franchise their businesses because they were approached by people interested in purchasing their franchise. If you have been contacted in this manner, maintain a contact list of all interested prospects. Begin your franchise marketing to these people. Remember, these names cost you nothing. When creating your franchise marketing plan, remember that your existing customers are the people most familiar with your company. These existing customers may be your strongest prospects for franchisees. Similarly, current and former employees know your busi ..read more

As you finalize your franchise development program, do not ignore the importance of your franchise training program. You must work out all the details of the franchise training program. Creating and implementing the correct franchise training program for your specific franchise is vital to your success. A poor franchise training program is a principal reason for the failure of both individual franchisees and franchise systems. Program Design As you design your franchise training program, consider the following issues: What does the new franchisee (and perhaps the franchisee’s employees) need ..read more

In this article, I will explore one factor that can lead to lucrative franchise development. It is important to look at the profit potential for the Franchisee when considering the franchise development process of expanding your business. Ensuring the Franchisee will generate enough income can make all the different in your franchise development success. Will The Franchise Generate Sufficient Money? As you begin your franchise development, always remember there are thousands of existing franchise opportunities. You will find franchises in a broad variety of industries, serving diverse sets of ..read more

When putting together your plan to build a successful franchising program, review all possible sources of revenue.  Of the most time tested successful franchising keys, revenue is a top priority. You must generate sufficient income to service your Franchisee, sell more franchises and generate the desired profits in order to become a successful franchising company. Successful Franchising Keys, Generating Revenues There are a number of ways a successful franchising company can generate revenues. The first is the initial franchise fee. For a successful franchising program, the initial franch ..read more

When you begin selling franchises, it is critical to your success in franchise planning to award franchises to the right candidates. Remember: if your first few Franchisees succeed, it will be far easier to sell franchises. If they are not happy in their decision to become your Franchisee, it will be very difficult to convince others to invest their futures with you. Your FDD (Franchise Disclosure Document) must list all your current Franchisees and a list of any Franchisees who left your franchise system in the preceding year. As a franchise consultant and franchise planning specialist, I end ..read more

As a franchise consultant, I put great emphasis on the importance of detailed franchise planning.  Let’s take a look at franchise operations manuals in particular. I feel it is particularly important to decide each aspect of how the Franchisor and Franchisee will work together. These aspects include: The responsibilities of the Franchisor and of the Franchisee The established lines of communication The amounts of money due and when they are due What information the Franchisee must provide and when it is due Franchisor support systems In addition to stressing the importance of thorough f ..read more

Franchising your business, if you invest the time and effort to do it properly, is not terribly difficult. Literally thousands of U.S. firms have franchised.  However, don’t underestimate the power of experienced franchise consultant help. Many of these have hired a franchise consultant to help them navigate the process. In my opinion as a franchise consultant, the key to creating a workable franchise program is to carefully lay the groundwork. Of course, general navigation helps avoid the dangers found with do-it-yourself franchising as well.  Often times, resourceful entrepreneurs ..read more

As a franchise consultant, I believe that the Franchisor’s mind-set greatly impacts the success of the company’s franchise operations. Franchising is not a quick fix for shoring up your cash flow. Rather, it must be approached as a long-term strategic method of growing your company.  We are going to review franchise operations fundamentals. Further, we rarely recommend that you embark upon franchise operations until you have proven the viability of your business model. Even if you believe your idea to be a slam-dunk candidate for successful franchise operations, it is tremendously challenging ..read more