Tags |
|
|
Links |
|
|
Added for You - Franchise Opportunity - 5 Questions To Ask About The Franchise
The Five Cs of Trust Character Competence Confidence Credibility CongruenceThe Five Points of Presence Charisma Enthusiasm Optimism Empathy VisionWhy do you suppose that the first major category deals with trust? The ability to gain and keep trust is a vital factor in being able to influence your team. Research has shown, time and time again, that trust is always a contributing factor in the ability to influence others. When a person trusts you, that trust alone can cause them to accept you. On the flip side, if your team doesn’t trust you, all the evidence, reasoning, facts or figures in the world won’t get them to budge. Character is the foundation of trust.I also believe that the teaching of Phillips Brooks, a nineteenth-century clergyman, offers profound wisdom on the nature of character: “Character is made in the small moments in our lives.” Stop and think a moment about those individuals in your life whom you respect most deeply. While you may be able to recall a few momentous occasions, it is likely that it is these people’s quiet example that has most impressed you. It is their very
How Big Is The Market?
The Franchisor should have a good handle on the available market for the product or service that you will be offering as a Franchisee. Presumably the Franchisor has done extensive research on the current market size, as well a
A duck and a platypus walked into a bar…Starting your presentation off with a joke can be a good way to grab your audience’s attention. But there are three other really good lessons you can learn from stand-up comedians to make every talk, lecture, pitch, or presentation more entertaining, motivating, and memorable.1. Plan for things to go wrong. Stand-up comics write “savers,” funny comebacks for the things that can go wrong. For example, the audience doesn’t laugh when they’re supposed to, someone falls asleep, the microphone stops working, cell phones go off, instead of thirty minutes there are now only seventeen for your presentation, half the audience has just rushed out of the room with food poisoning, etc.Being able to respond to problems with a sense of humor is a great trait for speakers to possess. It shows the audience you work well under pressure and don’t let a few setbacks stop you. And, if you are able to deliver your savers as if you just thought them up off-the-cuff, the audience will be impressed by your quick wit and intellect!The best bet is to write “savers” for the specific situations that are most likely to hap
A Franchise strategy allows the Franchisor to penetrate, develop, and dominate markets on a simultaneous basis. A Franchise system also allows for each individual Franchisee to own their very own business, and yet participate in, and garner value from, a proven Franchise system.
A good Franchise system allows the Franchise Company to gain market share quickly, which serves as a barrier to competition, and helps build the Brand, which in turn creates exponential value for all stakeholders – including each Franchisee.
So how do you identify a good Franchise system? Well it makes sense that if you want to find out about strategies, culture, and compatibility, then you should ask the right questions. The answers can then be assessed to determine if the fit is right.
The following discussion covers five questions that should always be asked by the Franchise Candidate. If a Franchisor is either unwilling, or unprepared, to answer these questions, it should be a strong indicator that the fit may not be right.
How Big Is The Market?
The Franchisor should have a good handle on the available market for the product or service that you will be offering as a Franchisee. Presumably the Franchisor has done extensive research on the current market size, as well as
Why Services are SpecialThe Ubiquity of Services: We encounter services everywhere, from health care, hospitality, and transport to government, retail and financial services. Even within manufacturing organisations, a significant portion of the activities are service related. The Visibility Challenge: While services are everywhere, the steps involved in the processes are difficult to visualise. For instance where on a production line, you can directly see the amount of work in process, or measure lead time by following a work piece from one end of the process to the other, the same is not always possible with services. An observer would be hard pressed to say how much work in process a data analyst working mainly with his computer has. The Prevalence of Waste: Services are generally prone to waste. A major reason is that there is usually too much work in process. These may be sales orders, reports on a desk awaiting review or approval, emails to be responded to, or customers waiting to be served. Up to 90% of the time work spends in process it is just waiting. Substantial work in pro
A Franchise strategy allows the Franchisor to penetrate, develop, and dominate markets on a simultaneous basis. A Franchise system also allows for each individual Franchisee to own their very own business, and yet participate in, and garner value from, a proven Franchise system.
A good Franchise system allows the Franchise Company to gain market share quickly, which serves as a barrier to competition, and helps build the Brand, which in turn creates exponential value for all stakeholders – including each Franchisee.
So how do you identify a good Franchise system? Well it makes sense that if you want to find out about strategies, culture, and compatibility, then you should ask the right questions. The answers can then be assessed to determine if the fit is right.
The following discussion covers five questions that should always be asked by the Franchise Candidate. If a Franchisor is either unwilling, or unprepared, to answer these questions, it should be a strong indicator that the fit may not be right.
How Big Is The Market?
The Franchisor should have a good handle on the available market for the product or service that you will be offering as a Franchisee. Presumably the Franchisor has done extensive research on the current market size, as well a
These days, businesses who view the photocopier as a workhorse in a corner of the office are losing out on major advances in office automation and workflow.The latest copier systems have innovative feature areas. Full-colour touchscreen displays, reduced-temperature energy-saving operation, easy and intuitive print scan and network functions - and even futuristic finger-vein-recognition security systems, all these are features which have added major new dimensions to the role of the office digital copier.New-generation photocopier equipment are offering major design upgrades in keeping with the philosophy of office technology convergence. Radical new designs enable new systems to be free-standing in the centre of an office. When placed over a power/network hub outlet, such systems show no trailing cables. The design and concept is all about the progressive idea of the networked document imaging system at the heart of the business enterprise.Here are some additional pointers to consider when upgrading your old workplace copier:Practical Operational Information A good quality touch screen display that can be both rotated
A good Franchise system allows the Franchise Company to gain market share quickly, which serves as a barrier to competition, and helps build the Brand, which in turn creates exponential value for all stakeholders – including each Franchisee.
So how do you identify a good Franchise system? Well it makes sense that if you want to find out about strategies, culture, and compatibility, then you should ask the right questions. The answers can then be assessed to determine if the fit is right.
The following discussion covers five questions that should always be asked by the Franchise Candidate. If a Franchisor is either unwilling, or unprepared, to answer these questions, it should be a strong indicator that the fit may not be right.
How Big Is The Market?
The Franchisor should have a good handle on the available market for the product or service that you will be offering as a Franchisee. Presumably the Franchisor has done extensive research on the current market size, as well a
You know those dramatic commercials on late night TV for slicers and dicers and steak knives and juicers and rotisseries, don’t you?What do all of them, the successful ones, those that stick around and actually tempt you to buy; what do they have in common?They’re crackerjacks at creating VALUE. Literally, their offers SIZZLE.“For a rotisserie this great that will save you gas and electric, that will cook the most delicious food you’ve ever had, that will cut your cooking and clean-up time by 80%, and that will give you healthier meals, you’d expect to pay $300 or more.“Our price isn’t $300, or $200, or even $100! It’s an amazing $79.95, and not only do you get this phenomenal cookery but you get the tasty companion recipe book, “Delicious, Healthy Eating on A Budget,” itself a $29.95 value, for FREE!“And on top of that, we’re including valuable supermarket coupons good at your local stores worth far more than $79.95 in savings.”“But let’s not stop there. The proof is in the pudding, right? Use and enjoy this marvelous rotisserie for a full 30 days, and if you’re not thrilled with it, you can keep the money saving coupons
The following discussion covers five questions that should always be asked by the Franchise Candidate. If a Franchisor is either unwilling, or unprepared, to answer these questions, it should be a strong indicator that the fit may not be right.
How Big Is The Market?
The Franchisor should have a good handle on the available market for the product or service that you will be offering as a Franchisee. Presumably the Franchisor has done extensive research on the current market size, as well a
As a specialist in getting restaurants open, it is surprising how many people ask, “How can I get out of my restaurant?” Reasons for this question vary greatly, from a death in the family to a merger with another firm, to the end of a lease.Selling your restaurant requires quality prior planning if you are going to realize the maximum value for the business. This planning is not much different when getting out than when you first got into that business.What things did you look for when you bought your restaurant? Of course, profit was probably the key consideration, followed by a great location, a niche market, a solid system of operations, and a vision for growth. Aren’t these the same things you need to concentrate on if you are going to market your operation to someone else?A strong focus on the basics, about twelve months prior to getting out of your operation can take you from where you are at now, to a maximum market value. Let’s look at some of the top areas you may wish to concentrate on right away:1. Bookkeeping. A clean, organized and understandable set of financials are critical to the sale. A close friend once said, “A bus
How Big Is The Market?
The Franchisor should have a good handle on the available market for the product or service that you will be offering as a Franchisee. Presumably the Franchisor has done extensive research on the current market size, as well as the potential market size for the future.
The Franchisor should be willing to share that information with you so you can assess the data to make sure that the opportunity is going to be of sufficient size to satisfy your own goals. You may have to sign a non-disclosure agreement first, but the information is important to you, so it must be assessed. The whole idea of Franchising is to ensure that the goals and dreams of the Franchisee, and those of the Franchisor, are unified. If the market availability will allow for strategies to be implemented by you, which are consistent with your goals, and those penetration goals are congruent with the Franchisor’s goals, then all is good.
If it’s a long-standing and stable market, then there should be plenty of statistics to back up that conclusion. If it’s a new and burgeoning market, there should be analysis that you can assess to give you a comfort level that you, together with Franchisor, can go get a significant share. If it’s a fad market, or limited life market, then the strategies should reflect that, as should the agreements.
The caution is that if the Franchisor is wishy-washy about the market, or is unwilling to discuss the issue in depth with you, that should be a significant warning sign.
Who are The Competitors?
The Franchisor should have a good understanding about the competiti
HTTP = HTML link (for blogs, profiles,phorums):
<a href="http://www.added4u.com/article/43090/added4u-Franchise-Opportunity--5-Questions-To-Ask-About-The-Franchise.html">Franchise Opportunity - 5 Questions To Ask About The Franchise</a>
BB link (for phorums):
[url=http://www.added4u.com/article/43090/added4u-Franchise-Opportunity--5-Questions-To-Ask-About-The-Franchise.html]Franchise Opportunity - 5 Questions To Ask About The Franchise[/url]
Related Articles:
Audit Careers Advice - Should You Leave Your Job?
Components of a Data Warehouse Architecture - Part 4, Kimball vs Inmon
Readability In Sales Letters - Ads - and Promotions: How to Get The Most For Your Marketing Dollar
Bookmark it:
|