Franchising : A recipe for success?
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EXPORT READINESS: Are you ready?
EXPORT READINESS: Are you ready?International franchising is tempting for many franchisors. Overseas markets such as Australia, Britain, USA, Canada and China are attractive to local businesses because they are often perceived to present huge, untapp
Franchising your business - the time could be just right!
Franchising your business - the time could be just right!When unemployment soars increased interest in franchising often follows - as many individuals take charge of their career by purchasing and operating a franchised business. This proved true dur
When is the right time to consider franchising a business?
When is the right time to consider franchising a business?Good profitability, a proven track record, increasing customer demand, along with a number of other important characteristics, help provide a solid basis for considering franchising your busin
How important is it to get your franchise structure right from the outset?
How important is it to get your franchise structure right from the outset?Getting your franchise structure right from the outset is absolutely vital. Decisions you made at the beginning go on to influence both your (as a franchisor) and your franchis
Should I run a pilot before I start franchising my business?
Should I run a pilot before I start franchising my business?The answer to this question is normally yes but there are some exceptions.Pilot operations are the first step in assessing whether your business is suitable for franchising and just like a p
Is it possible to alter franchise boundaries?
Is it possible to alter franchise boundaries?This boundary that you will have to operate within is, in franchise speak, called the territory and will be detailed in the franchise agreement. Territories are often detailed by drawing the boundary on a