business franchising

Franchising refers to the method of practicing and using another person's philosophy of business. The "franchisors" authorize the proven methods and trademarks of their businesses to "franchisees" for a fee and a percentage of gross monthly sales. Various tangibles and intangibles such as national or international advertising, training, and other support services are commonly made available by the franchisor. Agreements typically last five to twenty years, with premature cancellations or terminations of most contracts bearing serious consequences for franchisees.....

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Number of business franchising Topics: 5

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100% Q: To globalize a business, is franchising a convenient route? Give reasons for your answer. Discuss with an appr

To globalize a business, is franchising a convenient route? Give reasons for your answer. Discuss with an appropriate example, various types of franchising options available to an Indian organization to go global.

A:why. u dont even have the courtesy to say please. be courteous first and then expect some help.

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100% Q: how do you write a letter of intent? This is with regard to Franchising a business.?

I am writing a letter to a business franchise and I'm really confused on how to write my letter. I would like to send them my intention to apply as a franchisee to their business. How do I write this? I can't seem to find samples on the net

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100% Q: What are the cons of franchising out a successful business?

I want to venture into franchising. I had a prospect, a car accessories chain. When I inquired, I was told that all their outlets were company-owned and that they don't franchise out their business. I don't understand why. Will a particular company spend extra if they venture into franchising? Help please.

A:There are plenty of good books and magazines on franchising. The problem with franchising is simple - there are likely to be lawsuits when the franchise occasionally fails - even McDonald's has failures. There is an ethos for the group. There need to be sophisticated management skills. It is a completely different and more complex business.

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100% Q: Explain the scenario of franchising business in your country. Do you think franchising business has good poten

Introduction & history of franchising in your country; the potential of this business; franchising business support system in you country; some examples of government agencies that help to support & promote franchise business; Advantages & disadvantages of franchise business; Preparations required to become a franchisee; Conclusion; References.

A:I will do my best to answer some of these questions. First off franchising started to take off in the 1950s. The advantages to franchising is it has a proven track record and support system. Franchises very seldom fail, which makes it quite attractive to become a franchisee. The disadvantage to franchises is that they take a cut of all sales and profits. Also they take a franchise fee to get started in a franchise. The benefits of this to you is that the owner of the corporation would like you to succeed so they can keep the profits comming into them. The chamber of commerce as always looking to help businesses succeed in the town that it serves because when a business succeeds they generate more revenue for the town. The advantages to owning your own business and not having a franchise is obvious...you don't have to pay anyone a cut of your gross. However you don't have a support network, and the odds of you succeeding are stacked against you. Another disadvantage to franchises is many times you have a decreased freedom in what you can offer since it must fall within their set standards. Preparations for becoming a franchise usually mean you have liquid cash available and can purchase the franchise fee. Also you must attend their classes and many times work at one of their franchises before you start your own. This gives you a feeling on how a successful franchise is run. Conclusion is it is VERY good to own a franchise. It is an almost guarenteed success, plus franchises often offer promotions and commercials at no cost to you (except the ammount collected from gross sales). Take for example the success rate of a franchise Jimmy Johns....Last time I checked (2002) they had 100 franchises and off the 100, 2 had closed...of the 2 that had closed 1 had been relocated and was successful. This would equate to a 99% chance that if you owned a Jimmy Johns you would be successful. Versus starting your own business with a 5 year rate of success for small business at 10%.

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100% Q: Which form of starting up a small business is advisabe between franchising, starting up from the scratch?

Small business start up, Franchising, starting from the scratch or buying an existing business , which one is the most reliable

A:If you do not have business experience, franchising will be the best option. Donot forget 85% of new startups fail, while only 10-15% of franchises fail. In franchise, you may not earn exceptionally high, but you may be assured of normal returns. Once you have experience, thing of buying or staring new business from scratch. good luck!

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Business Franchise, Franchise Business Opportunity, Small Business ...

Session 11 Buying a Business or Franchise ... my own research of franchising, I found out there were three types of franchises. ...
http://www.myownbusiness.org/s10/index.html