What To Look For In The Best Franchise Opportunities

images

There are many factors in determining what the best franchise opportunities are today. It would be easy to say it depends on the potential franchise owner and you’d be right. However, from a business perspective, it’s crucial to look at all the positives and negatives of typical franchises to see which ones have more positive attributes than negative attributes.

First let’s look at the positives in franchise opportunities. Franchises are successful because they have proven systems that work therefore business owners don’t have to go and ‘reinvent the wheel’. The best franchise opportunities usually have very strong name brands that are well established along with a streamlined training system that when followed will usually produce success. More positives include having pre-established relationships with vendors and suppliers, clear cut marketing initiatives and somewhat of a quick time to get up and running.

On the other side, owning a franchise has a few limitations. For the most part, you are NOT allowed to modify your pricing, promotions, advertising, processes, etc. You are somewhat limited in your creativity which can be a good thing or a bad thing. You will most likely have territory restrictions, royalties that you have to pay on gross sales, you have to contribute to an advertising campaign and sometimes you have to open your store where the company says.

Furthermore, to become a franchise owner you usually have to have good credit, a considerable net worth and you must receive approval from the company to own a franchise. That kind of sucks because someone has to ‘approve’ you to be an entrepreneur. Finally, most franchise will NOT make you wealthy by only owning 1 franchise. It usually requires owning multiple franchise because they just aren’t scalable.

The best franchise opportunities today are really defined by 2 main factors. The first one is choosing a franchise that is in 100% alignment with your values and something that you’re really passionate about. No matter how many ‘positives’ or ‘negatives’ your franchise might have, if you’re not 100% passionate about the business, industry, products or services, you’re not going to be very successful because you’re just not that into it.

The second main factor involves having a lot more positives in the franchise model meaning that some of the traditional business bad things don’t exist. In today’s economy, online franchises really have a lot of benefits and positives without the traditional headaches or traditional pitfalls of owning a franchise.

When determining the best franchise opportunities for you and your family, always do your due diligence, never leave any stone unturned and make the best decision based on what’s aligned with your goals and values and what you’re 100% passionate about.

Owning A Courier Franchise A Tough, But Rewarding Opportunity

business15

Many people would think that owning a courier franchise is a simple, easy way to make money. Unfortunately, it’s not quite that simple. It’s not simply a case of collecting, shipping and delivering a bunch of parcels. If you were the only employee, driving the only vehicle, and your route was only running between two or three small towns – maybe. Different vehicles, different drivers, different locations, and franchise standards makes for a very lucrative, but challenging opportunity
A courier franchise is a very profitable business opportunity. Buying into a solid, proven company, means that you access their market leverage. The group has a track record. The group is known for its services. The group covers a wide area, offering more possibilities to the customer. The group has been branded thoroughly over the years, saving you from having to do so. Being part of a group allows you to share in business generated by other branches, setting you up for a flying start.
You have to keep in mind that the group as a whole has established a standard you will have to adhere to. You will be expected, by both the group and the public, to perform in accordance to the existing track record. Remember that high standards in service delivery is part of the group’s marketing campaign, and a fortune is spent putting that message across. The perception was created to give them an edge in the market, but you as a franchise owner have to deliver on that promise in order to retain market leverage.
As the draw card for customer acquisition is service excellence, you will have to deliver on that promise, regardless of what could go wrong. The client pays to have a task executed, and you have to resolve any situations that may arise along the way. You have to be prepared to deal with vehicle breakdowns, delays in flight schedules, people getting sick, and drivers getting stuck in traffic.
The one advantage of being in such a demanding industry, is the high profitability. The fact that so many factors contribute to management stress, means that many people pass up on this opportunity, making it even more lucrative for those getting into it. The popularity of your courier franchise service is likely to grow, as more and more people opt for the time saving convenience it offers.
The ever increasing pace of business is bound to result in even more growth for the courier industry. And as a courier franchise service, you have to “outrun” the corporate world, and deliver documents before the next meeting. Businesses have come to depend on, and became accustomed to, the quick and timely delivery service. The expectations are high, but so are the rewards. Is it for you?

Tips On Writing Your Operations Manual Using The Franchise Operations Manual Template

business2

Franchise Operations Manual Template is the blueprint of your business.

Franchise Operations Manual is one of the most important documents needed for each franchise business. It has a great difference from a successful and a profitable business to a misfortunate performing one. The operations manual serves as a guide when running a business and success of whatever business depends on it.

Writing the franchise operations manual can be a frustrating task but it is important that you have to work hard just to finish it. Rely on yourself; don’t rely on the writing ability of others because you are the person who is well-informed about your business. Tips are as follows to give you a guide throughout the writing process.

o Get ready. If this is your first time writing a franchise operations manual, have yourself familiarize first regarding the document prior to writing. Of course every business is exceptional and there are different business procedures in every company. However, it is not necessary that you get into details about this stage. All you demand to do is to get familiar with this type of documentation.

o The first draft. After you have an idea what a franchise operation manual is you can proceed to writing the first draft of your own manual. As you have already observed, the manual can be a large document so you will probably need a lot of time outlining all the information and even more time writing the details. This is where a specialized franchise tool can aid you. Software products are available which can able to provide you the chief frame of the manual you are writing. If you select to use the Franchise Operations Manual Template software, all you will need to do is to customize the ready template.

o Get the draft reviewed. Once the operations manual draft is ready, review it by letting it read by the other members of the management team. They can also add some important ideas since they also know the nature of your business. In addition, when the manual is read by many, there is a big opportunity for you to have a more polished and better work.

o Get the second draft reviewed by professionals. Once you are almost done in your manual, let a lawful professional review it. This can be useful especially when targeting franchisees from different countries.

o Make it official. Once you have the second draft ready, utilize the final corrections and make the official version of the franchise operations manual. Don’t forget that you can still revise it afterwards depending on the market change and the development of your business.

Completing the operations manual can be hard for you but through the aid of the Franchise Operations Manual Template, you can have the comfort in writing. Purchse now the template and get ready to begin your business.

Grabbing Attention For Your Trade Show Area

images16

You go to the trouble of doing a trade show to get business exposure. You want more business, and more revenue coming in. To get the most benefit out of the trade show you want to attract a large amount of people to your table. If you don’t manage to have a constant and steady flow of people to talk to then you are missing out on some of the possible connections.

If you are new to doing a tradeshow then there are three keys to having the best tradeshow booth and these things will ensure that you have the best possible turn out at your booth.

STAFF – Your staff must look professional and should be wearing your logo. This can be accomplished by the use of promotional pins, if promotional attire is not an option. They must be well trained in speaking to people with a full knowledge of your business and its purpose. The overall appearance of your booth has everything to do with your business presence at a tradeshow.

Promotional merchandise is extremely important here. The things that you give to attendees will be what also attracts many of them to your table. You need these items so that people have a way of remembering your company information. If you do use items that people find useful in their daily life they will be very likely to keep them.

Your area or booth needs to look uncluttered and tidy. It should have drapery and table covers that have your logo and are matching with company colors. You want to have a few of your fine promotional items showing so that people can see the good stuff that you are giving out. But keeping it simple looks good and will draw people.

You need piles of decent promotional merchandise to use as giveaways for your trade show. Large reusable promotional bags are a great way to get attention throughout the event.

Legal for trade scale- Makes Weight Measurement Easy, Accurate and Transparent

images8

The phrase, legal for trade scale means, a weighing scale, which is granted the legal permission to be used for commercial operation. Such a scale is used for weight measurement in a manufacturing, retail or trading facility where accuracy in the weight is of paramount importance. The National Conference on Weights and Measures (NCWM) runs a program called National Type Evaluation Program or NTEP to oversee the enforcement of guidelines laid out in handbook 44 of National Institute of Standards and Technology (NIST).

The program ensures that manufacturers, users and officials from the department of weights and measures interact and cooperate with each other, and implement the guidelines of the program so that manufacturer can manufacture and sell the legal for trade scale for commercial purpose, without compromising the quality.

A legal for trade scale ensures fairness and transparency during the commercial weighing operation because it has a -legal for trade- indent marked on it. This mark guarantees accuracy in measurement because the concerned weighing scale is manufactured and tested according to the guidelines of the program. To make the weighing process more transparent, the weighing scale, which does not have a dual display unit, is marked as -not for direct sales-. This latest addition, aims to make it compulsory for all such scales to have a dual display unit instead of a single unit. A dual display unit allows the customer to have a clear and direct view of the weight reading. Hence from now on legal for trade scales, which have a dual display unit, will be used where both end user and customer are present during the weighing operation.

Before a weighing scale is indented with the legal for trade scale mark it has to under go a series of stringent tests. The scale is subject to testing under different environments and all the results are noted. The features advertised by the manufacturer are thoroughly checked. If they conform to the program guidelines the scale is granted the status of, legal for trade scale and can be used for commercial operations. In the end a legal for trade scale makes weight measurement very easy, precise and transparent for end users and customers. You can see a range of legal for trade scales at www.paylessscales.com.

About Author :

Lawrence has been in the weighing machines industry for the last 14 years. He has been interested in the penetration of digital scales across various market segments. He has participated in the wide adoption of digital scales such as floor scales by small, medium and large businesses. His special area of interest has been maximizing the value proposition of a digital scale. You can know more at www.paylessscales.com.

Obtaining Pet Store Franchise

images1

If you really love animals, and being around them, what you can do is have your own pet store. The advantage of having your own pets store is that you are surrounded by animals which you love, and make money at the same time. Plus, you can save, because you can now get pet supplies for your own pets at a cheaper price. The next thing to think about is whether to start from scratch or just acquire a pet store franchise.
To Franchise or Not to Franchise
Before jumping into any conclusions as to which is the better way to go, you must survey your options. Weigh the pros and cons of building a pet store from starting from scratch or obtain a pet store franchise. Sometimes starting from scratch is a lot more difficult than obtaining a pet store franchise.
If you decide to start from scratch there are a lot of things to consider. You have to identify which type of pets you want your pet store to carry. There a lot of animals, so you need to narrow down your options. Think of the area on which your pet store will be situated. Realize your target market and base your choice of animals on the sell ability of that type of pet in that type of area.
Next thing is you have to know whether you will also stock your store with pet supplies, like dog food, fish food and other pet store supplies. Another thing is advertising will you be able to advertise your store to gain enough followers. The good thing about going with a pet store franchise is that you will be bringing an established name, and with it the advertising needed, and also the product name and the products itself. You will have a sort of manual, a guide on how to run your pet store.
So if you want to purchase a pet store franchise it’s a good thing to remember that you have to know the specifics of that certain company’s business franchise information. Pet store franchising involves a lot of research on your part as the franchiser.
Before getting hold of a pet store franchise, there will be a franchise agreement between you and the franchise center. A franchise agreement generally outlines all the franchise information like what rights you have, what are the rules and regulations, and the relationship between you and the mother company.
As the procurer of the pet store franchise the franchise agreement also contains the information of what you are allowed to sell, the advertising inclusions, the degree of uniformity and the parameters to which you can operate. If this all sounds a bit confusing, you can always go to a franchise lawyer.

The Federal Trade Commission has finalized a policy statement clarifying that the agency will not

images20

The Federal Trade Commission has finalized a policy statement clarifying that the agency will not take enforcement action under the Fair Debt Collection Practices Act (FDCPA) or the FTC Act against companies that are attempting to collect the debts of deceased consumers, if the companies communicate with someone who is authorized to pay debts from the estate of the deceased.

The policy statement also emphasizes that debt collectors may not mislead relatives to believe that they are personally liable for a deceased consumer’s debts, or use other deceptive or abusive tactics. Family members typically are not obligated to pay the debts of a deceased relative from their own assets. The FDCPA limits whom debt collectors may contact after a loved one has died to people such as the deceased person’s spouse and the executor or administrator of the deceased person’s estate.

Since the FDCPA was enacted in 1977, state probate laws have changed, and now, less formal procedures often govern the appointment or selection of those who are responsible for the disposition of the estate. In many instances, there may be no formal executor or administrator of an estate. In the enforcement policy statement issued today, the Commission seeks to reconcile the FDCPA’s requirements with current trends in state probate law.

In keeping with the FTC’s October 2010 proposed policy statement the final policy statement specifies that the agency will not take law enforcement action under the FDCPA if a debt collector communicates about a deceased person’s debts with that person’s spouse, the executor or administrator of the deceased person’s estate, or anyone else who is authorized to pay the debts from assets in the estate. The final policy statement also: Describes how debt collectors may communicate with family members and others to locate someone who is authorized to pay the deceased person’s debts from the estate, and specifies that collectors may not mislead individuals into believing that they have the authority to pay the decedent’s debts when they do not. Specifies that, in seeking to locate someone who is authorized to pay the deceased person’s debts from the estate, collectors may not reveal or refer to the debts, but may say they wish to discuss payment of the deceased person’s bills. States that in keeping with the FDCPA’s prohibition on unfair, deceptive, or abusive collection practices, debt collectors may not contact family members and others at unusual or inconvenient times or places. Emphasizes that, in communicating with someone who is authorized to pay the debts from assets of the deceased person’s estate, collectors must avoid creating the misleading impression that the individual is personally liable or could be required to pay using his or her own assets, or assets held jointly with the deceased person.

Warehousing Winnipeg Important Backup For Any Trade

business14

Warehousing Winnipeg refers to the activities involving storage of goods on a large scale in a systematic and orderly manner and making them available conveniently when required. It also means storing goods in huge quantity from the time of their purchase or production till their actual use or sale.

Warehousing Winnipeg is of great importance to businesses for a number of reasons. Seasonal production and seasonal demand of goods is one of the main reasons of warehousing Canada. Agricultural products need proper storage because they are harvested during certain seasons but are consumed through out the year. Therefore they must be stored in safe place from where they can be supplied when required. Some goods like woolen clothes or umbrellas are required only during specific seasons but the production of these products take place all through out the year to meet the seasonal demand. Therefore, there is a need to store these goods in a warehouse to make them available at the time of need.

Warehousing Winnipeg becomes a prime necessity for the manufacturers when they produce goods in huge quantity to enjoy the benefits of large-scale production which is more economical. Manufacturers are always in need of space where they can store their finished products to meet the future demands of their customers. To meet the requirement of continuous production in factories, manufacturers are always in need of adequate raw materials. So, they need proper warehousing Canada to keep sufficient quantity of stock of raw materials available to ensure continuous production.

Business communities derive a lot of benefit from warehousing Winnipeg. It provides necessary facilities to business men for storing their goods when they are not required for sale. It minimizes losses from breakage, deterioration in quality, spoilage etc. These days, warehouses adopt latest technologies to ensure that there are no losses, as far as possible. Modern warehouses make use of all latest mechanical appliances to handle the goods. These appliances ensure that all heavy and bulky are loaded and unloaded easily without causing any harm to delicate and heavy goods. Storing seasonal goods in warehouses ensure regular flow of goods throughout the year. They are generally located at convenient location near different transport facilities. This also reduces the cost of transportation of goods. Due to the above quoted reasons, it is right to say that warehousing Winnipeg is one of the most important auxiliaries to trade.

If you want to know more about warehousing Winnipeg or warehousing Canada, please visit rollys.com

Franchise Opportunities In India

business3

Franchised operations in India are increasing by the day. Being geographically vast and culturally diverse, India offers the most favorable franchising environment. While companies benefit by having many profit making outlets in different parts of the country, franchisees in India benefit by being able to generate good returns with little investment and risk involved. Entrepreneurs are making the most of India’s franchising market and growing economy by becoming successful franchisees. Indian franchisees can now choose from a plethora of international as well as domestic franchising companies. There are numerous attractive franchising options available in various sectors.

Ever since the franchising boom in the nineties, there have been many success stories. Franchisees in India helped many businesses grow and establish, while also gaining immensely from their business ventures. Examples of international franchises that have been successful in India include food and beverages giants such as Subway, Mc Donald’s and Kentucky Fried Chicken among others. Indian companies that have benefited from franchising include names such as Barista, MRF, NIIT and Apollo hospitals among others. It’s not just the bigger companies; smaller international and domestic companies also look for franchisees in India. The capital required for such ventures would be smaller when compared to highly reputed companies. The downside however, is that the risks are more, since you cannot ride on the popularity wave generated by the reputed companies.

Depending on your choice of business, you can either work from home or from an outside location. The initial capital you may require to start a franchising venture will depend on the type of business and the franchisor’s requirements. Most home-based franchise options are suited for work-at-home women. Cosmetics, healthcare products, services, home business household products and e-commerce ventures, make for convenient yet rewarding franchising options. Franchisors provide training and support and your business can gain from the image and professionalism of the franchising company.

Franchising allows entrepreneurs to have their own business, without many of the risks associated with a start-up business. Franchising also offers you great income and a flexible work style. But, as a potential franchise purchaser, you need to carefully consider the finances and risks associated, prior to starting your business. Read Franchise Plus to learn about the benefits, profits and risks associated with franchising in India. We help you make an informed franchising decision for a successful franchising venture in India.

Kfc Franchise – What You Need To Know

images17

A KFC franchise is just part of the umbrella of the Yum Brands empire. Yum Brands is the largest restaurant franchise system in the world. KFC franchises are located in over 80 countries worldwide and have sister franchises like Pizza Hut, Taco Bell, Long John Silvers and A&W.

There are quite a few advantages of being part of the Yum Brands family however, owning a KFC franchise may not be right for you.

First and foremost, any potential franchisee must be prepared to own more than one franchise. Therefore, if you want to open a KFC, you’re also most likely going to need to open another franchise in the same location. That’s why you see so many groups of fast food stores in the same location. A good idea would be to consider owning multiple franchises on multiple sites.

Yum Brands has quite a reputation for having ambitious business owners as their franchise owners. To be considered on their “good list”, you’re going to have to own at least three KFC franchises. In fact, ambitious franchise owners will get help from Yum Brands on building up their franchises.

The upfront cost to get into a KFC franchise is why so many people do not qualify for this particular franchise. Go ahead and plan on spending 1,000,000 to 2,000,000 to start up your KFC franchise and partner brand franchise. Furthermore, your net worth has to be above 1 million and you have to have liquid assets of at least $360,000. On top of that, you must have experience in the food service industry or least your partner must have that experience.

Plan on spending at least a year going through the whole process from start to finish. If you qualify based on their requirements, you will meet with the Yum Brands leadership to see if the relationship would be a good one for both parties involved. Then there would be the work finding a site and all that other fun stuff.

Bottom line is owning a KFC franchise can be very profitable and a very solid investment even if you can qualify for the high demands of buying a KFC franchise.