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Francorp Middle East

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How to avoid the drawbacks of franchising.

Posted by Francorp Middle East on Nov 12, 2017 5:10:49 PM

 

You might have noticed some drawbacks stated when researching franchises. However, there is a way to avoid these aforementioned drawbacks…

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Topics: Franchise Your Business

Advantages of Franchising - for the franchisee

Posted by Francorp Middle East on Nov 1, 2017 11:56:27 AM

A Franchisee is an entrepreneur without an abundance of risk. This is due to the fact that they are buying into an already established and proven concept, one that has made it past those crucial first 12 months whereby 80% of businesses fail. Not to mention the prebuilt customer base which would make it more accessible to continuously operate.

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Topics: Franchise Your Business

Advantages of Franchising - for the Franchisors

Posted by Francorp Middle East on Oct 22, 2017 4:37:07 PM

Franchisors have an established concept, one that has successfully survived and thrived in its respective industry.

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Topics: Franchise Your Business

Why Hire A Franchise Consultant?

Posted by Francorp Middle East on Oct 3, 2017 4:39:15 PM

A franchise consultant can tell you if your business is even franchisable and can assist you in developing the business plan, legal documents, operation manuals, marketing strategies and materials, and guide you through the process. But be sure to get references before you sign on the dotted line.”

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Topics: Franchise Your Business

Financial Controls

Posted by Francorp Middle East on Sep 24, 2017 2:32:10 PM

Good financial controls are essential to any operating system. Small companies that do their own bookkeeping or accounting should incorporate accounting categories that allow both you and your franchisees to monitor accounting and performance data on a "real-time" basis.

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Topics: Franchise Your Business

How to Sell Franchise - 4: How much does it Costs?

Posted by Francorp Middle East on Oct 31, 2016 7:33:00 AM

Ray Kroc, founder of McDonald’s, once said: “The only thing you need to start a business is a customer.” While there is great truth in that statement, it is hardly the whole story. Many people are eager and able to buy franchises. They are your potential customers. But before you, the new franchisor, can get from Point A – having a business that will attract such people – to Point B – being in a position to find them and offer them a franchise – a good deal must happen.

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Topics: Franchise Your Business

How to Prepare for Trade Show Success

Posted by Francorp Middle East on Oct 19, 2016 1:00:00 PM

While trade show will expose your business to many people, the time you spend with individual prospects is extremely limited. In order to maximize the impression you make on each prospect, you must be thoroughly prepared for the show.

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The benefits of exhibiting in Trade Shows

Posted by Francorp Middle East on Oct 11, 2016 1:30:00 PM

Trade shows can be powerful weapons in a growing franchisor’s arsenal for generating leads and, more importantly, sales. Unlike other avenues of marketing, like the Internet, print, press releases, and direct mail, trade shows offer a unique level of direct interaction one-on-one with your prospective franchisees and a dynamic where all around you there is a competition.

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How to choose the right franchisee!

Posted by Francorp Middle East on Sep 22, 2016 4:35:23 PM

You’ll do well to decide in advance what type of person you want to own your franchise. That decision, in the case of multi-unit franchisees and sub-franchisors, will not be difficult. Both are defined to a large extent by the nature of the business. Multi-unit franchisees must be affluent and highly experienced in business. Sub franchisors must be, to begin with, excellent sales people.

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Topics: Franchise Your Business

How to Sell Franchises - 3: Making the Sale

Posted by Francorp Middle East on Sep 8, 2016 1:12:43 PM

The marketing and selling of franchises differs from the traditional marketing and selling you do as a business owner. For one thing, it usually requires making three sales simultaneously. First, you must persuade the franchise buyer that a market exists for your product or services in the area they intent to locate. 

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Topics: Franchise Your Business

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