Franchise Royalty Fees : Percentage Versus Fixed?

Franchise Royalty Fees Fiona Simpson – Contributor Published  Oct 8, 2018 in Forbes At the end of last week I paid a visit to the National Franchise Exhibition at the NEC in Birmingham (UK). As always, it was a great opportunity to meet with and chat to other franchisors, a chance to see which new franchise brands are emerging into the market and to listen to a number of speakers…

How To Find The Best Franchise Fit

Published by Ed Teixeira in Forbes on Oct 3/2018.      Individuals pursuing a franchise opportunity have about 3,000 franchises to choose from, however, by having a plan you’ll be able to narrow your choices down to the best franchise for you. There are numerous resources available that provide advice on how to select and evaluate a franchise. Resources include the Internet, International Franchise Association, the FTC and The American…

Canadian Franchise Termination: What You Need to Know

Franchise Agreements AUTHOR: BeTheBoss.ca DATE: SEP 26th, 2018 TOPIC: Industry Experts It pays to know what type of notice a franchisor must give you to terminate your agreement with them. You do have rights in this situation and may be able to keep your agreement active in some cases, so keep reading to learn about this action.   Look at your agreement   Checking the wording regarding termination in the agreement…

To Buy Or Not To Buy – Taking On A Franchise Versus Going It Alone

  Fiona Simpson Contributor Franchises Published Sept. 25/18 in Forbes Type “Start your own Business” into Google and not only will an overwhelming amount of business start up information and advice appear before your eyes, but you’re also likely to be bombarded with details about a myriad of franchise opportunities to explore. Buying into a franchise can be seen as a shortcut to business success and, as a franchisor myself, I…

Five Strategies To Build Customer Loyalty In Your Franchise

POST WRITTEN BY Trever Ackerman Chief Marketing Officer of WellBizBrands Inc., the manager of Elements Massage®, Fitness Together® and FIT36® national franchises. Getty One of the biggest benefits of being a franchisee is that you can leverage the recognition and awareness of an established brand. Brand awareness is a huge driver of customer referrals, which is a critical element of your overall growth. What’s the best way to generate more…

What to consider when purchasing a franchise

Franchise businesses is are a substantial force in the economy. Ciaran Ryan  /  19 September 2018 (Published in Moneyweb) The very nature of franchise businesses lends itself to a tick-box business approach, but paying scant attention to the details can lead to scant profits. Picture: Supplied South Africa punches above its weight when it comes to franchising, and food franchising in particular. Franchise Association of SA (Fasa) statistics show that 88% of…

Is A Franchise Right For You? Eight Questions To Ask Yourself

POST WRITTEN BY Forbes Coaches Council Top business and career coaches from Forbes Coaches Council offer firsthand insights on leadership It’s hard to come up with a great business idea. Even if you’ve dreamed up an excellent business model, it can take a long time to get it off the ground and start gaining traction, and many would-be entrepreneurs get discouraged and give up long before they see success. Fortunately,…

Women In Franchising : The Rise And Rise Of Female Franchisees

Fiona SimpsonContributor Franchises Published in Forbes.   Sept 16, 2018 This week I had the pleasure of attending two events in London organised by EWIF (Encouraging Women into Franchising) – a UK based not-for-profit organisation with the primary focus of supporting women who are looking for a route into the franchise industry, whether they be franchisors or franchisees. In the past decade, there has been a significant increase in the number…

How To Research a Franchise Opportunity

by Paige WattsApril 27, 2018 There are well over 1,300 franchise systems in Canada alone, so as a prospective franchisee, you have a lot of options for where to invest your money. How then do you know which opportunities is the best fit for you? It is up to the prospective franchisee to do their due diligence when researching franchise opportunities. Here are a few places to start your thorough…

Consider These Points Before Signing A Franchise Agreement

The article was originally published in Franchise India by Sneha Santra.   Franchising is an attractive business opportunity for entrepreneurs. However, the relationship between the franchisor and franchisees is not easy to define. In the typical franchise relationship, both the parties will sign a “franchise agreement” that codifies the rights and responsibilities of each party. Franchise agreements may regulate business aspects such as advertising, signage, pricing, store design, store location, etc.…