advantages franchising

A:Support from the Blimpe to setup your store. Cooperative advertising. Brand recognition.

A:Going with a franchise over you own business usually offers: Marketing Operational procedures Head office support Equipment and set out offered at a discount and with internal advice Training of all systems/equipment Business coaching A brand to back on to Often cheaper finance for set up than a stand alone business Hope this helps :)

A:1. Franchisee provides the capital (not you) to expand the business, which in essence is using other people's money 2. Access to motivated and trained managers - franchisees do not want to lose their investment so they want to make sure they have the best managers to run their franchised stores 3. Greater efficiency - otherwise, franchisee loses money and that is always a great motivation 4. Rapid expansion - you can immediately open stores in chosen geographic areas without you raising the capital for it 5. Greater buying leverage - when purchasing materials and supplies, you get better deals because of your bulk purchase and you save money in the process 6. Better locations - the more visible your business has become, the easier it is to attract landlords to your business; landlords want high-visible businesses in their rental property and if they know your business is in the best shopping malls or strip malls, they are more likely to give you concessions 7. Market dominance - easier to squeeze out the competition with your strategic presence 8. Greater resources for marketing - franchisees are often required to market the business and to contribute royalty fees for marketing allowing the company to pursue greater marketing opportunities 9. Increased revenue sources = franchisor gets paid franchise fees, franchise royalty, equipment and supplies, and other fees and charges to franchisee and those constitute additional revenue stream for the franchisor. 10. Greater growth potential - franchised business tend to grow faster and bigger Hope this helps Isabel Isidro http://www.powerhomebiz.com

A:As a former franchisee, I can tell you, DONT DO IT. The only reason to buy a franchise is for the intellectual knowledge and the brand. Put in a little elbow grease and research time and you can easily acquire the knowledge. As for the brand, unless you are going to open a McDonalds or Harley franchise, it's not worth as much as you think. Franchisors do as little brand advertising as possible to support their owners. A franchise can be a nice little turnkey package, but for that convenience you will pay a commission for the rest of your days. That's your money you are earning! I learned once I got into it that I didn't really need the franchisor or anything he could offer. But I was contractually obligated. And even after I sold it, I'd signed a non-compete (standard franchise agreement), meaning that even though I'd learned the business I couldn't start one independently for FIVE YEARS.

A:I work for a store that is a franchise store. There are diffinately advantages of being a franchise and disadvantages... People recognise the name, which can be both an advantage and disadvantage. If they had good service at another location, if you open a store in a location closer to them they may switch to your location. If they had bad service at a location elsewhere they may choose not to go to any of them. The corporation of your parents company will have rules that you have to follow, some of them can be kind of irrelevant to your area. Like a store I work for will only let us sell items that are from corporate. We have things that we used to sell, now they made that rule, so we don't have as many options for our accessories. Some parent companys will be more open and allow you to carry the products you want, so that can be an advance. A lot of times the parent company will do advertising for all the locations, so that could save you money on advertising. You probably pay for it, but you share the cost with all the other stores. Being a franchise versus a corporate store gives you more freedom on how you run your business. The store owners that I work for are really great, they run the store very efficiently so things run smooth. We have really good customer service, and everyone that works there gets along really well. It's like we are a family.