What is a Franchise The franchise is a business model which is operated and owned by an individual, which is called as Franchisee, but that is promoted and branded by a national or multinational company. This outstanding business model allows both franchisee and franchisor to gain the full advantage to set up their successful businesses model. What is a Franchise Fraud ‘Fraud’ is a very harmful word. People are averse to frauds. Generally, they don’t use to hear and speak about this word.
The franchise agreement, a document which connects the two parties together and describes, often in great detail, exactly what each may, may not and must do during the time where the agreement is in force. The types of franchise agreement are Single unit franchise The multi-unit franchise agreement Area development franchise agreement Master franchise agreement Single unit franchise : A franchisee will invest in a single unit with no commitment or expectation that they will later open
Franchise marketing is where online marketing or advertising firm has various marketing plans for a company such as commercial advertising internet advertising radio advertising mail advertisements public relations Ways of Franchise marketing : There are different ways under Franchise marketing They are Chatbots : People nowadays, actually prefer to use these apps to communicate over traditional phone calls. Chatbots are the technology that can upgrade your franchise’s digital marketing strategy to a whole new level. 24 X 7 online assistance to customers Live chat communications Required information about the business. Marketing made simple with
Franchising, an authorized business where the franchisor grants the franchisee the right to trade under the franchisor’s trademark or trade name wherein the franchisor develops business ideas which include a trade name and operating ways. The franchisor also acts as a tutor to the franchisee and teach them how to run their business using this concept. The franchisee operates his / her own business under the franchisor’s name abide by the rules and regulations. The franchise agreement is a trademark licence
Defining Franchise Fraud General categories of frauds in a franchise comprises of falsified sales practices and misleading which is tricked to induce potential franchisees to incest or buy a franchise. The sales tactics used to misguide the franchisees comes in various methodologies. Stating misguided or false statements on the estimated financial performance is one of the most common methods of fraudulence in the arena of franchise. Unless until the franchisor provides you with the information about the FDD (Franchise Disclosure Document) with
We must have already been familiar with the most common route by all the franchises to franchise their business, i.e. single-unit franchising. As we all know it is a contract based on a single location. In this case, a franchise can use the trademark of the franchiser. They can use the business system of the franchiser but both must be done only in the specified location in the contract. There is another option of opening a second or third or
There are always two elements to decision-making: Logic and Emotion. As with everything else, you need to align your head and your heart to make sure you select the right franchise opportunity. Becoming your own boss is one thing, but whether you have what it takes to make that important decision is another. Though opportunities are a handful, every single factor must be considered before arriving at the best fit. The decision, more often than not, should be logical, and
I come across a lot of franchisors seeking to gain instant attention. I recommend a sound PR strategy for cost-effective lead generation; in fact, an integrated public relations strategy, forming the core of creative content across both free and paid online and offline media channels, is what I am referring to here. Another important point here is that any PR campaign strategy should have the right mix—content marketing, social media and content marketing that will capture the intended marketing goals: putting
I am often questioned at during franchise meetings and business meet, expos and even during one-to-one consulting sessions on what is the most important manual that any franchise should have at its disposal. My answer, any given time, is a ‘franchise operations manual’. Going beyond, it is the ‘DNA’ of a franchise system – the foundation upon which franchise unit performance, conduct and procedures are built. It gives a sense of direction to the standards, specifications, and procedures with which franchisees
Hello people, how have you all been? Let me share the good news that something big is coming your way this week in terms of franchising opportunities in Dubai and the Middle East regions Strategizer has established a major partnership in the MENA region to help build strong franchise network. That’s it as of now. Further developments will be updated later. Let me discuss in this blog some of the key trademark issues that come into play when considering a franchise. Franchising
Hi, this is Iyyappan Rajendran of Strategizer again. First, Happy Diwali, folks! It’s been a busy week for me; I kind of received hundreds of franchise opportunity requests, this week —some real quality ones and some didn’t look convincing enough, no, not for me, at least. This is mainly because there isn’t a single indicator to look for when rummaging about the thousands of franchise opportunities available these days. And yet, there is no reason why you should settle
As with any new business, creating a solid business plan holds the key whether you are into creating a startup or franchise. If you are a franchisee, your business plan is a basic template of your expectations you may have of the franchise business, mostly listing the challenges and the preparedness to face them. If you’re looking to secure financing or funds for your new franchise, most investors will ask you to prepare a business plan. The good news out
The overall success of the franchise business is dependent on the efforts and contribution of both the franchisee as well as franchisor. Being a franchisor, franchisees are your customers, and it is important that you ensure high satisfaction levels in an ever–changing business environment. Greater satisfaction levels are achieved when franchisors are highly committed to franchisees and vice–versa. Franchisors should ensure they have the required infrastructure, time and resources to guarantee the continuity of the business franchise network. How to define
If you feel you can make it big in your business, then it is time you also consider opening up your business to prospective franchises – that of course is the golden rule before you start your career as a franchisor! It is also the time to ask yourself a few questions and verify whether you are ready to manage a franchisee model to potential stakeholders. The following are some of the questions that you need ask yourself: How good is
The current economic downturn will see many franchisors experiencing an increase in the number of franchisees who are profit–stricken. Franchisees that are struggling are certainly not good signs for a brand. What can a franchisor do to help a struggling franchisee? Firstly, as a franchisor, it is important to make an honest self–assessment of whether you have the business model and the required support structure in place to offer the best possible support to each franchisee. This means you need to review
There are six ways to market your franchised business: direct mail, advertising, sales, promotions, online or digital marketing and public relations. Take the most successful franchisors in the world, they have broken down these 6 pillars of marketing franchised business and continue to innovate, adapt and fine-tune as the results vary. The following are some of the ways to market your franchised business: Advertising: The mother of all marketing campaigns – advertising is not just print media. As a franchisor you must
In this present world, people prefer starting up their own business rather than working for someone. As a result, the competition for starting a business has increased. If you are a person who has a good amount of money and confused about what sort of business can suit you then you can approach a Franchise Consultant who can help you in many ways for starting a business. By franchising, you can have a good amount of reach from the
Business is a place where all kind of persons who meet and gets involved in the deal. There are a lot of opportunities to bring the business to the new level by making sure not missing any aspect of chances not to be missed. Everyone in the field wants to build a new business and expand it as well. From a well-established organization to a start-up, everyone wants to mark their feet strongly on the market. Due to this reason,
Hiring a franchise consultant can save you a lot of time & your investment by experience they have gained over many years in a franchise business. They assist you, advise you & help you with every step you keep forward. This article is explained to you how a franchisee can make use of these franchise consultants, Strategizer to improve business and to be a successful franchisee. Franchise consultants like Strategizer can create a number of Business Opportunities in Chennai
Chennai & Coimbatore are the smart cities in Tamil Nadu which has large population. Due to the large population in these two cities, development of industries and other business activities had seen a massive growth. Many mammoth companies indulge in extending of their business, so they take all possible ways to achieve it, one of the step handled by them is franchising. As these two cities Chennai & Coimbatore have lot of options to build business there are more
Examining franchise opportunities can take a lot of time & you may be uncovered to things that you are not casual with, such as reviewing & understanding documents, putting together business strategy or arranging funding. Then there is the enormous task of deciding which opportunity to chase when you have numerous options. As a franchise consultant, we Strategizer can lend a hand to you from several perspectives & create Franchise Opportunities in Chennai for you. Self-Assessment, Opportunity Assessment, Reviewing
Looking for a good time to put money into franchise business? It’s now. Market has ripped & most colossal organizations are in a fully developed stage where they are ready to expand their firm a step forward through franchising. There are countless top franchising opportunities in the market, because of this; investors are in confusion in choosing an apt business. To overcome this problem faced by investors, they should reach Franchise Consultant who would give best solutions in it. There
Food is an indispensable & vital need to people, in the absence of food no one will sustain in this world, nowadays humans started to explore a diversification in foods and habit of taking food have changed in contemporary years. One of the fast growing industries is Food industry. Starting a new franchise in selling fruits and vegetable business will make you to get more profit; healthy & organic fruits and vegetables are really good to health and people started
What all to be done to become a Franchisee First, we should know the concept of Franchisee & Franchiser. To obtain a Franchisee, we should undertake a legal agreement with the firm who already have established very well in business for a particular product or a brand. If you’re new to franchise, then you can contact Franchise Consultants in Chennai to make your business to go smooth. The franchisee should robust & consistent to take over the brand. At the
Food is an essential & basic need to people, without food no one can survive in this world, nowadays people started to explore a new variety of foods and habit of taking food have changed in recent years. One of the fast growing industries is hotel and restaurant industry. Starting a new franchise in hotel business, everyone needs a Franchise Consultant to get a great ideas and guidance in developing the business, so we Strategizer – The best &
What do I need to do to pass the franchisor’s test? As a franchisor, you are under no obligation to award a franchise business to anyone who can keep you happy with the franchise fee. Like any other business, a franchise company should look forward to the best minds to head individual franchises. The concept of franchising is based on a robust and consistent brand value and should embrace only those who can represent the brand positively. At the same time,
Wouldn’t it be cool to follow the best practices of fitness and stay fit? Yes, nowadays everyone loves to be fit and muscled to look. Changing our body into a fitness mode will make us to feel energetic & confident to move out in the world. There are many established fitness brand centers to give Business Opportunities in Chennai by offering franchise to body builders to start gym. Fitness awareness started to increase among youngsters in recent years. This is
A franchise business consultant dons a major role in the franchise business industry. As per a study conducted by KPMG, the franchising industry in India is slated to grow exponentially in volume in the coming years making for nearly 4% of the country’s GDP and is forecasted to generate about 11 million employment opportunities by 2017–18. The biggest stumbling block, however, is the lack of a uniform code of business practices in the country which has pushed the franchise fraternity
There are many business options are availing in the market when capitalizing your money. All of us need to choose the right one with a good return on investment value and business stability. It is better to move to put your savings into the fast food franchise business that will keep produce you the seamless income for your financial goal. This is where fast food franchising comes in to show. Not like other investing opportunities, acquiring a fast food franchise will
Auto body workshop renovates huge damages in cars like those continued from vehicle crashes. Specialists in auto body garages major objectives are to reinstate the car’s performance and restoring again its own new look after the reparation. Some of the core amenities that the workshop provides are swapping a broken windshield, repairing physical damage, readjusting the damaged car frames and chassis, and fixing replacement car parts. Creating a bushed car look like new again is the biggest challenge, by repainting ensures
STRATEGIZER FRANCHISE CONSULTING SERVICES is a professional franchise consulting firm based at chennai. Caters to the needs of new entrepreneur, existing and new franchisors.
