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Training Resources For Franchisees and Business Owners
Posted by Franchise Grade Team April 8, 2015
Nearly every business in the franchising industry has its own vaunted pool of industry-specific “training resources”. For example: The restaurant industry has the National Restaurant Association (www.restaurant.org). Their training programs cover everything from training for the general manager to the people who actually prepare and serve the food. But there are also training resources for those who may not have decided on an industry to jump into; resources that can give you a bit more insight into what it takes to become a franchisee; to help with your decision-making. A couple of favorites:
Read moreGetting Started as a Franchisee: After You Buy/Before You Open
Posted by Franchise Grade Team March 20, 2015
Once you’ve purchased a franchise and signed all the paperwork what’s next? Certainly your franchisor will be able to give you a list of things you need to do before you open the doors to the business. Most of these are tasks are spelled out in lengthy detail in the Franchise Agreement (FA). While you’ll need to read the entire document at some point, here’s a brief overview of the most important tasks you’ll need to attend to.
Read moreDon’t Get Stuck in Reverse!
Posted by Franchise Grade Team December 18, 2014
It's hard to hit a target facing the wrong direction.
Read moreThe Right Industries for Franchising
Posted by Franchise Grade Team December 1, 2014
The franchising business model works better in some industries than in others. That’s why more than half of all franchisors are concentrated in just ten industries. Would-be franchisees would do well to consider the fit of the franchising business model to the industry they are thinking of entering when deciding whether or not to buy into a system.
Read moreFranchisee Support and Assistance
Posted by Franchise Grade Team November 21, 2014
Franchisors often need to offer support to their franchisees. After all, the business model depends on providing industry novices with enough training and assistance to run their own businesses successfully. This post looks at four types of support and assistance that franchisors often offer to their franchisees to enhance their success: training, ongoing support services, real estate assistance, and financing. When deciding on the amount and kind of franchisee support to offer, franchisors must balance the need make their systems attractive to prospective buyers against attracting the wrong people to their systems.
Read moreDefeating the De-Motivator, When seeds of doubt creep into consciousness!
Posted by Franchise Grade Team November 20, 2014
The sweet strains of a Puccini aria cut through the Saturday night clatter of the busy Italian restaurant in New York City, but it wasn’t coming from the aging voice of the Sicilian baritone who was hired to belt out favorites like Funiculi-Funicula. It was a soprano whose crystal clear voice filled the room. Within moments all the ambient noise came to a halt. Diners stopped eating and talking, busboys stopped clearing tables, the cooks even came out of the kitchen.
Read moreWill You Freak-Out or Hunker Down?
Posted by Franchise Grade Team November 5, 2014
Sometimes motivation is forced upon us. We are thrust into the Un-comfort Zone. And, whether we sink or swim depends on how we respond to the situation. How do you react during a crisis?
Read moreCan You Crowdfund A Franchise?
Posted by Franchise Grade Team October 14, 2014
Currently, in the United States, there are two ways to crowdfund a business or a project.
Read moreDeliver More Than Food: Deliver Experience
Posted by Franchise Grade Team September 8, 2014
There are stories of innovation all around us. All we have to do is look and listen. I was reminded of the power of innovation recently when I watched this video of a pizza delivery system in Mumbai.
Read moreItem 20 in the FDD Deserves Your Full Attention.
Posted by Franchise Grade Team July 7, 2014
Individuals considering a franchise opportunity need to review and analyze the Franchise Disclosure Document, commonly referred to as the FDD. Every franchisor is required to have an FDD and provide a copy to qualified franchise candidates. The FDD consists of 23 items or questions and although the responses to each item may differ, the 23 items are the same whether it’s McDonald’s or a new franchisor.
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