Archive

Archive for the ‘Franchise’ Category

Franchises Offering Financial Assistance

February 23rd, 2010 BuyTradeBiz No comments

With the start of the new decade the lending markets in the US are still extremely tight.  Many franchisers have stepped up their financing assistance to help new franchisees get started.

Franchisers are offering incredible deals, some are even waiving fees completely.  many franchisers are offering unprecendented levels of franchisee assistance.  Some are making loans themselves, while others are discounting franchise fees or leetting new franchisees pay their fees over time, says business-acquisition specialist Ted Leverette of Parter On-Call Network in Florida.

To take advantage of the deals to be sure to choose a franchisers who’s willing to share the risk with you.

Smart Phone Applications Help Drive Business To Franchises

February 9th, 2010 BuyTradeBiz 4 comments

Marketing departments of franchise chains are diving deeply into social media, with the latest frenetic energy to engage their customers going into the newly upgraded smart phones.  As more of our customers are integrating the smart phones and iPod touch into their everyday lives, franchise businesses want to be right there with them.  The goal is to get consumers to install and habitually use the application, engage the brand and find the most convenient franchise to patron.

“Creating a smart phone application is just one more way we are helping customers place orders in a way that best firts their mobile lifestyle.” Says Brian Niccol, Pizza Hut CMO.

If your franchise does not have an application for smart phones, contact your franchise today and ask them to help you develop one.  Who knows, this just might open a new market for your business.

Nontraditional Locations For Franchises

February 3rd, 2010 BuyTradeBiz 1 comment

One of the best ways for a new franchisee to get in on the action in franchising is by choosing a nontradition location.  “Nontraditional” locations include airports, college campuses, sporting events,concerts, stadiums, hospitals, military bases, government offices, convention centers, highway rest stops and turnpike plazas, and even large companies.

Nontraditional locations can be a good place to start for an aspiring franchisee.  A kiosk at a mall or a cart at a sporting even or concert can be the idea for new franchisees seeking to try out a brand, or the idea of franchising part-time to supplement their full-time income.  If all goes well, they can “grow up” and go full-time and full-size later.  Nontraditional locations also offer franchisees lower rent, whether because it’s in an offbeat location, or because of reduced square footage requirements.  When it comes to monthly bills for startup businesses, smaller is definitely better.

Reduced entry costs also mean reduced risk.  With less on the line, and if a new franchisee finds out that franchising, the concept, or both just aren’t for them, it’s easier to cut their losses and move one.

Start researching nontraditional locations for your franchise and soon you will start building your franchising empire!

Franchise Training Programs

January 28th, 2010 BuyTradeBiz No comments

One of the most important areas a potential franchisee will look when researching a franchise opportunity is the franchise training program.  Most franchises don’t require or prefer that potential franchisees don’t have experience in the field; therefore a good training program should cover not only the product or service but also setting up the business, marketing,employee management, business procedures, reporting, etc.

Franchise training program should include:

  • Everything potential franchises need to know about the product or service
  • Everything about using/protecting the brand
  • How to find a new business location
  • How to negotiate a lease
  • How you complete the permits and buildout
  • How to find, hire, and manage employees
  • How to market your product or service
  • How to keep books and records for the business
  • The reporting requirements and processes
  • Where to get the equipment needed for the business
  • How or where to buy supplies and inventory
  • How to get help when they have a problem

The best way a potential franchisee will find out about the scope of the training program is to ask existing franchisees.  They will ask the existing franchisee what stood out about the training they received and what they feel could have been covered more completely.  They will also ask how prepared the current franchisee felt when they opened their business and what ongoing training they have been provided.  Many times a training program that was find in a company’s early days is now out-of-date.  Be sure current franchisees are aware of and understand the type of training new franchisees will receive therefor an accurate assessment of its value is made.

Reevaluate your training program today and be sure everything is updated!

How To Run A Successful Franchised Math Learning Center

January 27th, 2010 BuyTradeBiz No comments

How do we judge if a math-learning center is successful? It depends on what types of learning centers. There are many types of math learning centers.  Some learning centers mainly prepare children for tests, some are for total skills training including thinking skills. It also depends on what parents want? Some parents only look at if there children’s marks have improved, while some parents also like to see if the math program can improve their children’s thinking skills. To put in a nutshell, a successful learning center is a place where children like to go and also enjoy it.

A successful math learning center is a place where children are smiling and happy while they are learning at the center and then come home telling their parents what they have learned and are happy to go again. A successful math-learning center makes kids learn in a happy mood.

A successful math-learning center will not be successful if their materials are boring and inhuman. Why will children be happy if all they do at the learning center is just drilling on math worksheets even it means their computation ability have improved? The untold negative side effect is they will not have fond memory and experience with this kind of learning center, I have my students in my class telling me that they “hate” this kind of math learning center but some of their parents “forced” them to go.  One thing I can say is these unimpressed children will not send their own kids to this kind of learning centers again when grow up to be parents one day.

I have done some research and also personally observed on what kind of math as pressure as their old brothers or sisters to just wanting to get high math marks for universities so these young children are happier to go to a math learning center where they do not just sit there and do pure math work.  The problem is most of math learning center cannot offer what these young children want. I know what kind of worksheets children like to work on since I have offered them choices and I have the chances to observe their reactions and feedbacks.

Children like to be entertained while learning; learning while having fun is a great way for children to learn.

We cannot turn math learning center into a circus so children having lots of fun but doing very little math. This is not an idea of integrating fun and math learning.

Many children like puzzles but not math work, so how do we “trick” them to do puzzles while they also have to do math work? We are not talking about computer games or computer-based learning here. We also are not talking give children some separate puzzle worksheets in a math class. We are talking about pencil, paper and re-printable “game, puzzles, and math” integrated worksheets.

If a math learning center can integrate math, game such as chess, and puzzles all into one worksheet then this is what children prefer to do rather than traditional type of math worksheets.

How to deliver these fun worksheets in a systematic way such that they will also increase children’s math marks is very important to make a math-learning center succeed.

A successful math-learning center must have fun worksheets and these fun worksheets also foster the environment of thinking.

A successful learning math-learning center offers something that children like and the end results are children are happy to learn and their math marks also improve while having fun.

Author:  Frank Ho, Canada certified math teacher and founder of Ho Math and Chess.

Benefits of Owning a Franchise Business

January 19th, 2010 BuyTradeBiz 15 comments

With the economy shedding countless jobs every month, franchise inquiries have increased as many more individuals have decided to start a business.  Most will try to leverage their current assets to start some form of a consulting business but many will decide to buy a franchise.  With the number of franchises increasing on a daily basis, others are starting to wonder why franchise when you can own your own business?  Below are few of the benefits franchising can provide.  As as franchisee:

  1. You can benefit from operating under the name and reputations of the franchise, which is already well established in the mind and eye of the public.
  2. You will incur less start up expenses, because franchises have their own pilot operations and buying power.
  3. You will receive training from the franchise in all areas of the business including manufacturing, preparation, account, business controls, marking, promotions, and merchandising.
  4. You can tap into the bulk purchasing power the franchise has
  5. You will have access to services of the field operational staff of the franchise who are there to assist with any problems which may arise
  6. You will have a defined territory of operation within the franchise, which can protect you from direct competition.

There are countless benefits to owning a franchise.  Why not find a concept you are interested in and contact their franchise development staff today!

Categories: Franchise Tags:

Franchise Expo South 2010

January 13th, 2010 BuyTradeBiz No comments

Over 200 franchise concepts are going to be showcasing at Franchise Expo South 2010 in Miami, FL this weekend.  Entrepreneurs from throughout the southern US, Latin America, and the Caribbean who are seeking franchise opportunities will be attending the three-day show (January 15-17, 2010) sponsored by the International Franchise Association.

This is a rare opportunity to meet face to face with suppliers, franchisees, and propective franchisees.  This show will allow franchisers to reach thousands of visitors in only one weekend and give them a competitive edge.

Don’t miss out, click here to attend!

Categories: Franchise Tags:

Finding Franchise Opportunities That Fit

January 5th, 2010 BuyTradeBiz No comments

Recently I have read and written a lot about franchise business as the best way for aspiring business owners to own or start a business.  There are several well documented reason for this, including proven business model, established operating procedures and the support system that comes with any franchise business just to name a few.   There are several other reasons that easily come to mind, but I am sure the overwhelming majority of business minded people have no arguments against the premise.

Now let us address the question I have proposed int he topic of the article.  Is there a ‘best fitting’ franchise business – franchise owner scenario?  And if there is such a scenario, how does one go about fiding the best fitting franchise business for a prospective owner.

Click here to continue reading.

NFSSCC now accepting franchise members!

December 8th, 2009 BuyTradeBiz No comments

The National Food Service Security Council (NFSSC), a trade association for loss prevention and risk management professionals in the casual-dining and quick-service restaurant chain industry, announced it is expanding membership categories to include qualified franchisees and vendor companies.

“For the first time ever NFSSC is opening its membership doors to franchisee operators and vendor companies serving the multi-unit food service industry,” says Cliff Stepp, director of assets protection at Yum! NFSSC has always been about education and networking within the restaurant industry’s corporate professional loss prevention structure. Now we have the unique ability to add even more elements to that equation.”

Click here to register with NFSSCC today!

Growth in the Senior Service Sector

December 1st, 2009 BuyTradeBiz 12 comments

Senior home care for baby-boomers is a rapidly growing concern and quickly escalating need in this country. In the next two decades, there will be more than 70 million people over the age of 65.  Caring for the growing elderly population is going to be an important service in the coming decade. These franchises can provide that care and safety for loved ones, while keeping them happy and healthy during their golden years.

“More than 12.8 million people around the country rely upon care from others, and in a recent study 80 percent of this group said that they would prefer to remain in their own homes,” says Debbie Reis, president of AmeriCare Alliance. “We provide a unique service that maintains the dignity and respect for those who need extra help while remaining in the comfort of their own home surrounded by their personal effects and their own community.”

AmeriCare Alliance is one of many new franchises which will help you hit the ground running in this industry.

Categories: Franchise Tags: