Franchise Note

Where to Spend And Where Not To Spend Money When Starting a Company

Franchise Note — Mon, 14 May 2012 08:12:12 +0000

Starting a company and turning a new company into a profitable company are two entirely different feats. Starting a company is easy. All you need to do from a practical standpoint is incorporate the entity for a few hundred dollars and that’s it. You have a company. Now, taking that company and turning it into a profitable, cash-strong company is an entirely different feat altogether.

Now, the unfortunate truth is that most companies fail in between these two periods. It is common knowledge that nearly 70% of companies will fail during the first three years of operations. This begs the question – why do companies fail?…

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Getting Your Franchise Ready to Accept Credit Cards

Franchise Note — Mon, 16 Apr 2012 15:10:28 +0000

Getting your franchise ready to accept its’ customers’ credit cards isn’t hard, but it does require some research and planning. While it is true that every franchise establishment will have unique issues with accepting their customers’ credit cards, it is usually recommended to get a franchise quickly set up, then address issues with processing as they come up.

Franchise owners should start by researching a variety of merchant account processors. Most franchises in retail based industries will conduct the vast majority of their business in their store front. Owners of this type of franchise business will probably need a basic merchant account service that can handle a high volume of transactions everyday from the same location.…

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4 Things That All Potential Franchisees Should Know

Franchise Note — Mon, 06 Feb 2012 07:44:27 +0000

Every day, more and more Australians are giving up traditional 9-to-5 jobs and venturing into the franchising world. In Australia, franchising is worth a whopping $130 billion – and that number is expected to keep growing.

Why?

Franchising offers you the chance to be your own boss – without starting up a company all by yourself. Instead of trying to build a brand from scratch, you get to use a business model, a product, and a company name that customers already know and trust.

What do you need to know if you’re thinking of opening a franchise?

If you think that the franchising world is right for you, take a look at these 4 facts.…

5 Things to Consider Before Buying Into a Franchise

Helping People with a Home-Based Franchise Business

Franchise Note — Sat, 19 Nov 2011 02:47:45 +0000

When the economy takes a downturn, it brings along with it a big opportunity for entrepreneurship. And that is exactly what America is experiencing now. The new worker wants to work from home, have a more flexible schedule and enjoy their home and family lives. So it’s no mystery as to why home-based franchises have experienced a huge leap in the past few years.

Among home-based franchise opportunities lies the possibility to really be a service to your community. Senior care franchises are an excellent opportunity to get involved with helping people while also making a considerable profit. In the coming years, the population of seniors is expected to jump wildly as the baby boomer generation comes into retirement age.…

3 Startup Tips for New Franchise Owners

Franchise Note — Mon, 17 Oct 2011 07:57:59 +0000

You have decided on the franchise you want to buy. Dreams of early retirements are beginning to swirl in your mind. Images of you on a beach, reclining in a hammock, sipping exotic cocktails. That is the dream! But it is very important to realize that the path between now and then is going to be challenging. Launching a successful business is not easy. The good news, however, is that with a combination of planning, hard work, and dedication, it can be done. In this article, we are going to discuss 5 key tips for successfully launching your new franchise.

Test Your Idea

Before you take out a restaurant loan or throw down the cash to buy this franchise, make sure you do exhaustive marketing research and talk with industry insiders in order to ensure that this is the right decision. In the early stages of launching a company, everything seems perfect. It is easy to see the world through rose-colored glasses and to think that wild success is only a few months away. However, there has never been a time when you needed to be more objective in your judgment and reasoning. Therefore, consult with others. Share your business plan and idea with successful entrepreneurs and business owners. If you get a steady stream of negative feedback, with most people believing you will not make money, then you need to seriously reconsider the idea.…

Opening a Franchise in Ireland

Franchise Note — Sat, 27 Aug 2011 01:54:21 +0000

Now that the economic downturn seems to have passed by and left business on sturdier ground once more, it is the time for new investments, new ventures, and new opportunities. One way in which to get on board with the current atmosphere of growth is by opening a franchise, and there any many types to choose from. Another big question is of course where to start up, and the emerald isle may be the place to try for some Irish luck.

Ireland has been hit hard in the crisis, and received financial aid from the rest of Europe along with Portugal, Spain and Greece. With predictions looking gloomy, most investors and business hopefuls are likely to stay clear of such a shaky prospect.…

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Infographic: McDonald’s Hamburger University

Franchise Note — Wed, 10 Aug 2011 07:53:03 +0000

McDonald’s is one of the most popular and successful franchises in the world, with over 32,000 McDonald’s restaurants serving more than 64 million people worldwide in 117 countries.

Some people hate McDonald’s for some reason, but we can’t deny the fact that McDonald’s is influential. A proof: Just have a look at McDonald’s Hamburger University – the company’s global center of excellence for training and leadership development.

McDonald’s Hamburger University is a training facility from which McDonald’s personnel can learn about various aspects of the business: restaurant operations, quality, service, cleanliness and value – to name a few.

The Hamburger University – just like McDonald’s restaurants – is located in 7 locations worldwide: the US, UK, Germany, Brazil, China, Japan and Australia.…

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5 Things to Consider Before Buying Into a Franchise

Franchise Note — Fri, 05 Aug 2011 03:09:57 +0000

If you are thinking about investing in a franchise, there are many things to take into consideration before diving in head-first. Doing your homework is essential–if you buy into the right one, you may find yourself running a very successful and profitable business. On the other hand, a hasty investment made without proper consultation and research could end up leaving you in a financial hole you can’t climb out of. Here are several things you should consider before making the decision to buy into a franchise.

Franchise Options

There are many different franchises for investors to consider–from hotels and restaurants to cleaning businesses and car washes, the possibilities are numerous.…

Starting off with a debt collection franchise business – is it a good idea in this economy?

Franchise Note — Wed, 27 Jul 2011 07:56:44 +0000

As the US economy is going through a sluggish state, an increasingly large number of consumers are defaulting on their multiple credit cards. With a close-to-double-digit unemployment rate, there is too less cash in the hands of most consumers with which they can repay their high interest debts. This makes creditors transfer your accounts to the collection agencies and in return you get harassing calls from the debt collection agents in order to repay the money. When such debt collection agencies are growing in popularity, wouldn’t it be a good idea to start off with a debt collection business of your own? Well, certainly it would be.…

AdviCoach Given High Marks for Growth: Named One of North America’s Fastest-Growing Franchises

Franchise Note — Sat, 12 Feb 2011 08:29:04 +0000

Entrepreneur Magazine Features AdviCoach on Prestigious List of 100 ‘Fastest-Growing Franchises’

Southbury, Conn. – “Just imagine what they’ll be able to do now…,” noted Entrepreneur in reference to the companies on the magazine’s list of the “Fastest-Growing Franchises” in North America (February 2011). Stated in reference to the improving economy and credit market, the remark applies to franchises on the prestigious list, which features AdviCoach at No. 68 out of 100. With momentum on its side in 2011, the concept is poised to improve on its record-setting growth performance this past year.

“In an incredibly challenging economic climate we nearly doubled in size,” said Brian Miller, president and COO of FranchisEsource Brands International (FSBI), the parent company of AdviCoach and leading coaching franchises The Entrepreneur’s Source, Business Partner Marketing Coach and Expense Reduction Consulting, as well as Decor & You.…