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Franchising
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Did The IFA Sell The Franchising Industry Down the River?
The Federal Trade Commission has now completed its new revision of the Franchise Rule, a set of regulations, which has not been changed since the 1970s if you can believe it? Outrageous to think that the Federal Government could be so inept or non-responding to the needs of the free market or the Franchising Community, which represents nearly 1/3 of every consumer dollar spent in the United States of America.
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Tips in Putting Up a Franchise
Franchising is one of the easiest ways to put up a business nowadays. Everything is actually being set up for you, from the products to the manpower to the materials. All you need to do is actually provide the capital for it.
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Recruiting The Best Franchisee Team Member Candidates
As a Founder of a multi-Brand Franchising Company often, I am asked some tough questions by start-up entrepreneurs. Recently, I was asked how did you recruit your franchisees. Well, I am retired really and not selling franchises anymore. But we had several methods. Some came from web searching interest of potential franchisee team members. Some of our best franchisee candidates came from industry and some from those who were laid off from Corporations.
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What Questions to Ask before Buying a Franchise
There are a few questions to ask before buying a franchise as there is a lot of money and potential success to be acquired when you purchase the right franchise. With your knowledge and abilities as well as the success history of any given franchise, this business approach may be the perfect solution for you.
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New or Smaller Franchisors and Business Brokers - Some Marketing Thoughts
Should a new or smaller franchiser align themselves with a business broker in order to generate regional sales rather than setting up a master franchise, regional partnership or sub-franchiser strategy? Business Brokers look enticing to the smaller franchiser, since they know the market and the people there and put lots of advertising into that market.
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Why Do Some Franchise Businesses Fail?
Buying a franchise business is supposed to be the least risk way to start a business. But is owning a franchise guaranteed to make you money? Not necessarily... the truth is that some business franchises are extremely hard work especially in the fast food industry.
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Good Location But Lack of Vision
In order to truly live the lifestyle of your dreams, you must have vision and be willing to take the action towards what drives you.
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Pro's and Con's of Business Opportunities
Business opportunities are normally based on a proven system or product, so you can profit from the experience of others.
The concept of a business opportunity might not be completely understood, simply because it can apply to so many different situations. For the purpose of our discussion here, we will not be talking about franchise opportunities. Otherwise...
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Becoming a Franchisor or Selling Biz-Ops
The rules in franchising are said to be helping the consumers, but that is not factual. The rules in franchising are to put up barriers to entry and help the status quo and allow franchise attorneys to siphon money from the very lucrative industry sector. Of course generally no one wishes to admit these issues, it is so as sure as my opinion and 20 years of observation in the industry accounts for something.
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