Month: July 2014 (Page 1 of 3)

Construction Franchise – What Do You Need To Start One_1_2_3_4_5

The construction industry took a big hit when the recent economic crisis hit the United States. Fortunately, it looks like the worst of it is over and businesses are starting to get on their feet. The need for construction businesses is growing, and it’s never been a better time to start a construction franchise.

Whether you’re a tradesman looking to branch out on his own or a former business owner who’s ready to get back in the saddle, opening a construction franchise is an excellent way to begin working for yourself. You can own your own business, but benefit from the experience and reputation of others who have gone before you.

Whether you’re a tradesman or a general contractor, you must first decide whether you want your construction franchise to be focused on a specific trade or whether you maybe want to leave the door open for other services and expansion in the future.

And tell your friends, family, and people you’ve worked with in the past about your new construction franchise. It’s a great way to get references to possible clients, as well as possible employees. Maybe some of your old coworkers are dissatisfied with their current jobs and would love to come and work for you.

Before you get started, though, make sure that you’ve got all of your financial ducks in a row. You’re going to need to pay franchising fees, hire employees, and rent out a space for your new construction franchise. Set a budget for your business and stick to it.

You’ll also need to make sure that you’ve got enough money saved up to support yourself while you’re waiting for your construction franchise to take off. Make sure you have enough to last you a good, long while; you never know how long it’s going to take, and you just can’t rush success.

Your investment in your construction franchise is more than just money, though. You’re also going to have to invest time and effort. It’s going to take a lot of hard work and sacrifice to make your business a success, but it’s possible if you do your best.

Whether you want to build offices, new homes, or even just work on remodeling and renovating old homes, there is plenty of demand now for all of these industry niches. With a good understanding of the industry and a little hard work, your construction franchise is sure to give you plenty of return on your investment.

Franchising For Beginners When to Open a Second Branch

Imagine you’re a successful entrepreneur who has created a profitable franchising brand. You’ve invested large sums of money into a certain franchise, chosen a prime location, and have achieved significant success. Conditions are now ripe for another monumental decision: opening a second branch of your franchise. However, there are many factors to consider before you take this second leap of faith, some of which are outlined below:

Can the success of the first branch be duplicated?

Just because your franchise’s original location has done well doesn’t mean the second one will be equally successful. For one thing, you will have to reevaluate operations at the first branch and study the various factors that made that branch successful. Once you’ve identified the factors that have made your first branch a success, you will need to determine if these conditions can be duplicated in the second branch.

Do you have sufficient cash flow?

You must assess your current cash flow and determine if you have enough capital to invest in the second branch. If you have insufficient cash, you may have to borrow from a bank or another financial institution. You may also seek new investors who are committed to developing new franchising businesses.

Analyze new trends

A good entrepreneur gets wind of brewing market trends that have the potential to go long-term, then adjusts accordingly. Research on these trends, and analyze how the competition and consumers might react to them. If the target location is already saturated by a certain industry, shift gears and find a place with a suitably large target market with few competitors around.

Wanted: Local Managers

For your new location, you will need to source employees from the local community, plus some who are willing to relocate. In most cases, it is advisable that the franchise owner is physically present during the initial stages when the second branch is being opened. Depending on the nature of the franchise, it may be better to hire a local manager who understands the surrounding community to run the store.

A second branch of your franchise is a good business opportunity, provided that you’ve researched and planned extensively. By opening a second branch, you’ll also create new jobs in another community. To learn more, read on at sba.gov/community/blogs/opening-second-franchise-location.

Food Cart Businesses In The Philippines_1_2_3_4_5_6_7_8

Small businesses such as food cart businesses had become a very popular type of business in the Philippines. Part of the reason why is because of its affordability compared to other businesses, as well as its lower maintenance. This is the reason why the franchise industry of the Philippines had grown massively and has now given the Philippines the recognition as the franchise hub of Asia.

Food Cart Businesses in the Philippines
There have been a number of popular food carts found in almost every part of the Philippines. Popular foods sold in these small businesses usually involve those that are quick and easy to prepare such as siomais (dumplings), kwek-kwek (boiled fertilized duck egg wrapped in orange-colored breading), tokneneng (boiled quail eggs wrapped in orange-colored breading), fish balls, squid balls, and other popular street foods, such as burgers, friend noodles, shawarmas, and many more.

Because of the Filipinos love for food, small businesses such as food stall businesses became a successful hit for many Filipino entrepreneurs. And it was also because of this that the franchise industry had started to offer franchises for their food cart businesses, allowing more Filipinos the chance to start their own food cart businesses.

Benefits of Franchise Businesses
The advantage of franchise businesses compared to starting a business from the ground-up is that franchisees had the advantage of starting up quickly based on a proven trademark, and the tooling and infrastructure as opposed to developing them. The success of the franchisor is also the success of its franchisees.

As for the franchisors, the advantage of franchising is that it allows them to expand their business or brand through building chain stores while avoiding any investment and liability over a chain.

These advantages and benefits, along with affordability and profitability, franchised food cart businesses became a popular trend in the Philippines. However, other than the growing numbers of new business opportunities in the Philippines, another reason why businesses had become very popular in the Philippines is because of the financial support that many from the private sector had offered, such as Small business loans Philippines.

Supporting the Filipino People
BPI, one of the many banks in the Philippines known for its financial assistance services, had introduced another loaning service which aims to provide financial assistance for Filipino entrepreneurs in their efforts of starting a new business, or by franchising a popular food cart business. This is with their Ka-Negosyo Small business loans Philippines services.

With their Small business loans Philippines, many Filipinos can now have the chance to start their own small business to assist them in their lives, or to franchise a successful business which will allow them to rise up in society and live comfortably with their businesses.

A Cooking Demonstration can Wow Crowds and Bring in More Customers

Reality television continues to be popular, and one of the most popular types of reality television happens to be cooking shows. Of course, this is nothing new. There have been shows about cooking almost as long as there has been television. The drama added to some of the latest television shows helps them gain viewers, but it is the cooking that most come to enjoy. People seem to love watching chefs in action, and you might want to take advantage of this in your own restaurant.

Instead of having all of the action hidden in the kitchen, you can set up a cooking demonstration, where your top chefs show people how they go about preparing some of their best dishes. Naturally, you won’t be able to bring everyone who comes into your restaurant into the kitchen to watch the chefs as they work. However, you can come up with a simple way to stir up some interest in your restaurant in general with one of these demos.

You can do this by having a contest once a month, or even once a week depending on whether or not your chef is comfortable with having people watch a demonstration. Let people know that you are holding the contest to watch your best chefs in action. Have them sign up to be included in the contest, and then have a drawing and choose several people to attend. If your chef is able to put on a great show, these people will tell their friends. Make sure that the winners who get to watch the demonstration are treated to some free food too. This good will can go a long way in spreading the word about your restaurant.

After you have your first contest, you can expect that many more people will be interested in becoming a part of it the next time you hold it. This can be a fun way to get more people into your restaurant, and it can be a great way to let your chefs know just how special they truly are.

If you are really bold and you are friends with another restaurant owner, suggest that you have your chefs compete in either your kitchen or theirs. Let contest winners watch the food preparation and then judge the results. They will have a great time and feel as though they are part of their own reality show.

Jollibee’s Rapid Growth To Success

One of the many reasons why Jollibee Food Corporation became one of the biggest known fast-food restaurant all over the world is because of its rapid expansions through different major fast-food restaurants known today. These restaurants are Greenwich Pizza, Chowing, and Red Ribbon Bakery.

To penetrate the pizza-pasta segment, Jollibee Food Corporation have decided to acquire Greenwich Pizza. Greenwich started as an over-the-counter pizza store in the Greenhills Commercial Center in Metro Manila in 1971. In 1994, Jollibee Foods Corporation obtained a deal acquiring 80% of Greenwich shareholding. Then in 2006 Jollibee Foods Corp. bought out the remaining shares of its partners in Greenwich Pizza Corp., equivalent to a 20% stake, for P384 million in cash.

The new company was called Greenwich Pizza Corporation, and the franchise experienced rapid expansion. From 50 stores in 1994, as of 2005 there are over 240 stores and an annual revenue of over P4 billion. Greenwich Pizza is now the largest pizza chain in the Philippines.

Next, Jollibee then acquired Chowking, allowing Jollibee to be part of the Oriental quick service restaurant segment. Chowking is a Philippine-based chain that pioneered the Oriental quick-service restaurant concept in the Philippines.In 1989, Chowking started expanding its market share amid the volatility in the domestic market. On January 1, 2000, Chowking became a wholly owned subsidiary of Jollibee Foods Corporation. The change in ownership gave rise to store renovations and a new corporate look and mindset that is visible from front-end to back-end.

After its two successful expansions, Jollibee then entered a new market, the cakes and pastries segment. This is achieved through Red Ribbon Bakery. Red Ribbon Bakery is a popular fast-food chain and bakery in the Philippines and the United States, offering a wide range of cakes and pastries.

The chain began in the Philippines in 1979 in Quezon City along Timog Avenue and started franchising in 1999. In 1984, they opened their first US branch in West Covina, California. In 2005, Red Ribbon was acquired by Jollibee Foods Corporation, a conglomerate of popular fast-food chains in the Philippines.

Today, Red Ribbon Bakery has grown to over 170 outlets all over the country and 19 stores in the US. It currently has 6 commissaries nationwide and 3 in the US.

But other than Chowing, Greenwich Pizza, and Red Ribbon Bakery, Jollibee’s other expansions includes Dlifrance and a more recent acquisition called the Manong Pepe’s. As of end-September, 2008, JFC has 1,490 local and 228 foreign stores in its portfolio.

Franchise Solicitors And The 3 Most Common Types Of Franchise Agreement

Franchising is a process that many businesses go through. Typically, it involves the ‘franchisee’ buying into an existing brand and setting up a business that operates under an existing trade name.

The process is often quite complicated and, depending on which type of agreement you choose, it can also be quite costly. This is why it is so important to get really specialist franchise legal advice from expert solicitors to help you with the process and make sure you get the right agreement. Read on to find out about the three main types of agreement your franchise solicitors will be able to help you with.

The type of agreement that is often most suitable for companies is a business format. This can be beneficial as it gives new franchisees a ready-made model to work from. They buy goods from the parent franchisor and then sell them on under that brand name. Alternatively, they can offer services depending on the nature of the business. There will normally be an initial fee up-front to buy into the brand and then royalties might also have to be paid to the parent company – this is something your franchise solicitor will be able to explain in more detail.

In the retail industry in particular, it is also common for distribution agreements to exist. This is where the franchisee is given a range of products to sell under the existing trade name and branding of the parent company. This is the model that is adopted by retailers such as The Body Shop and Specsavers; all their shops are under the same brand name but are effectively run independently.

There is also a manufacturing agreement. This allows franchisees to make products under the trade name of the original franchise and is commonly found in the food industry. Again, this type of agreement usually requires a fee to be paid to the parent business, but this is likely to depend on how much of the product is actually sold. The parent business also normally takes most of the responsibility for the marketing of the product and sales often rely on its reputation.

Franchising can be very complicated, especially if it’s something you have never done before or you are unsure which type of agreement would be best for you and your business. It’s vital that you talk to get the right franchise legal advice from specialist franchise solicitors to make sure that not only is franchising right for you, but also that you have chosen the right type of agreement that will benefit the parties on both sides of the deal.

Easy Steps for young Entrepreneurs while Franchising

India is a land of growth and opportunities for optimized entrepreneurs. Playschool Franchisee and Nursery School Franchisee is blend of education and businesses for goal dedicated individuals. Millions of parents seek to educate their kids under repute schools. The chain of centers helps the parents to get their kids educated with brighter and better prospectus. In India, playschool franchisee and Nursery school Franchisee is selling like a hotcake and have vivid fruitful options for its investors. Getting mulled with reputed chain of school is highly goal attainable and easy in terms of getting returns on investments in the Franchisee businesses. To spread the brand franchisors do look for franchisees. The module of the franchise is easy and has simple messages which are easier to explain. The franchisor of the repute schools give all back end support to the franchisee simple strategic approach can create wonders. Here are some experts tips that can lead the business grow:- 1)Focus- There would be web of ideas that you would like to implement on initial stages of business. Staying focused will work. Start Strategies from smaller steps instead of thinking of bigger options. Keep a watch of target audiences taste and preferences. Focusing on feedback can help the businesses grow and striving in competitive times.

2)Spreading the Word Online- Internet technology in modern times has become the powerful tool in the terms of marketing. Market your Playschool Franchisee activities online to display the goodness of potentialities. Communicate through social channels with parents and build strong and seamless business activities.

3)Keep up promises- Commitments and promises are important to built effective credibility. Don’t attempt to give lofty promises for child’s development or well being. Shorter processes can yield effective results. Assure only that can be attainable. Business Relationships prospers on commitments, keep the messages shorter, crisper and easy to understand. Healthy communication channels effectively increases the credibility and builds the trust and faith for the franchisee centre.

4)Being you- Staying truthful is a need of an hour. Young Entrepreneurs should only display their potentialities and staying to what’s possible. Franchisee seekers have lot of learning opportunities from the franchisors in terms of developing the educational centers. Transparency in relationship can work and easily lead to carry long term business relationship.

5)Network with Community and Target Audiences- Staying in touch with parents for the progresses and betterment of the kid could spread the word to others also. This step is essential for increasing the visibility of the centre and increasing the business through networking. Direct communication could create tremendous impact and could bring in more leads in the centers and helps in reaching to attainable goals.

Looking For A Lucrative Franchise Business Opportunity In India_1_2_3_4_5_6

Are you looking to make new venture by investing in a franchise business in India? In such cases, you need to seek the help of a reputed consulting firm which can help you get unmatched value from your franchise business in India. If youre really looking towards opening up a franchise in India, you must need to know this is one of the most widely adopted business options for first time or small entrepreneurs. In this way, you can start from the scratch by buying a franchise of a known brand. This can help you gain significantly in lesser period of time.
The major advantage of taking up a franchise business in India is that it is fully tried and tested model to work upon. Secondly, it gives you the necessary exposure and visibility in the market. The rules of these franchisees are mostly laid out by the franchisor. There are certain factors need to be considered before deciding on a franchise business in India.
Decide the objectives The most important thing you need to do is to determine the primary objective of taking up a franchises in India. What you expect to get in return in terms of return on investment or annual income? If you have plans to start your own business, it is always good to be the owner of a franchisee in India. This mode will definitely help you learn more about modern business environment.
Start it if you have sufficient funds Owning a franchises business in India will cost costly to you. What if you look to get the franchisee of a world-known brand such as McDonalds, PVR, Haldiram, Barista or Subway? Be preparing to bear the cost as the annual franchisee fee itself can run into several hundred thousand rupees.
When it comes to negotiation, the franchisor is likely to sell you some dreams and their ROI estimations will probably focus on initial franchise fee, royalty payments if any and capital expenditure for set up. Always remember that the business is not likely to pay for itself especially in the beginning, so the current requirements will be considerable.
Ensure your worth There are some basics attached to the franchise business. The success of a franchise business in India eventually depends on the skills of your team. Always make a sagacious choice when it comes to choose from a list of franchisors.

Perfect Wellness Associates With Franchise India For Expansion In Delhi-ncr_1_2_3_4_5_6_7_8

New Delhi, October 6th, 2010: Perfect Wellness is the healthcare division of FX group which is situated at a prime location on main Mathura road in Faridabad. The company is counted as the finest and the most reputed healthcare (dental, eye and optical care) service offering in the category starting with focused attention in the NCR region.

Perfect Wellness is a chain of healthcare centers, which has clubbed eye care and nascent dental care services under one franchise roof, to provide diverse healthcare solutions to its patrons. Backed by the renowned FX group, Perfect Wellness offers a range of clinic formats for superior quality dental care and optical services. Some salient offerings of the optical division are lenses, spectacles, sunglasses, contact lenses, eye wear accessories wherein the services are inclusive of specialist eye testing, contact lens wear & care, general eye care advice, and spectacle & sunglasses repair .Dental care treatments starting from routine scaling & fillings to orthodontic, prosthodontic and pedodontic treatments to treatment of fractured jaws and other oral surgeries, Perfect Wellness does it all by getting associated with Franchise India which builds a detailed rollout expansion for them.

According to Ankit Agarwal, Director – FX Group, We are optimistic that this association with Franchise India would immensely benefit us by utilizing their expertise and knowledge in setting up the franchise model and marketing services for our brand.

Commenting on this occasion, Mr. Gaurav Marya, President, Franchise India, said We are proud to be associated with Perfect Wellness and provide our consultation, services and expertise to help them establishing and expanding their business model.

The total Indian franchise market estimates at US$7.2 billion and is poised to reach an astounding US$20 billion by 2013, growing at the rate of 38% per annum in India.

A Daily Deal Software Franchise_1_2

First, let us look at the bright product deal website services. The shiny item solutions, like Daily Deal Builder, are basically sequence business owners who offer use of their groundwork by other people/companies in come back for ongoing expenses in one way or another. The application is certified out; this is different from certification out a recognized product name and promoting the same products as the mother or father,but I believe you can think of daily deal program solutions as the submission vehicle for provides. In that sensation, the shiny item organization is type of like the methods features of conventional features, right?

Some deal websites have RSS or XML for that can be parsed by other deal websites,which means a deal web page can usually mixture and offer items offered on another deal site’s web page. Frequently, deal online marketers are contacted not only by providers looking to offer products on a deal website,but also by other deal sites looking to offer their provides on your deal web page.

Lets look at Woot.com, one of the first daily deal gamers on the landscape, from way back in 2004. For decades they continuously provided one deal per day,and drove tons of traffic and lots of sales with their original and entertaining copy; and of course their great deals. Now, recently Woot went into a kinda semi-franchise mode,in that they now offer many different daily deals under a variety of subdomains. This is generally sub domain franchising if you will and is fairly awesome.

But lets go further and drill down into niche deal sites. Say I run a deal site in Atlanta called Atlantas Best Darn Deals Ever and I start really rocking the Atlanta deal space and grow my organization really well, and now I want to expand.

How do I expand?

I have a few solutions. I can add places to my deal website. I can add sub domains to my deal website sector. I can set up a whole new deal website. I can document my item to another person for an enhance fee and chronic advantage separates. I can certificate my technological innovation and techniques. There are lots of opportunities.

McDonalds and many other premade foods cosine places seem to have mastered the art of franchising,and in the World Wide Web we are just beginning to offer easy information.

How do you see franchising on the internet?

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