How 2 Franchise | International Franchise Online
Ranked #63,204 in Business & Work, #682,674 overall
How to Franchise | A Guide to Success
Franchising often grows during economic recessions when newly laid-off employees, early retired individuals and those impacted by corporate downsizing are looking for a means to expand their financial prospects. After the economic downturn, many of the unemployed began looking at self-employment, including franchise opportunities.If you are currently researching franchise opportunities, this article will provide you with a guide of what you must know before signing any franchise agreements. Take a good look at this Top Online Franchise
------------Watch the video below before you read on, or CLICK ON THIS LINK How To Grow Your Business Fast and Global
------------Watch the video below before you read on, or CLICK ON THIS LINK How To Grow Your Business Fast and Global
Top Online Franchise module
how to grow your business fast
Visit this unique Franchise Business Tools
powered by Youtube
Top Tier | Online Franchising
Get Paid Today Because That Money Is Worth More Today.Consider this for a moment
Let's say that you work your tail off for a year and build up a direct sales or network marketing business that paid you an average of $3,000 a month residually for the next 3 years. That's a total payout of $108,000 paid out over 3 years. This will never happen because you'll experience attrition and that check will shrink each month, but we'll go ahead and stick with that number anyway to keep things simple.
So $3,000/mo for 3 years... Not bad, but is that really the smartest route to go?
Or would it be better to work a business that paid out all $108,000 in the first 12 months without the "residual"?
I think so
Why? Because that money is worth more today than it will be in 3 years.
Now you can take that $108,000 and invest it in REAL, long-term residual assets like real-estate, mutual-funds, stocks, etc
I'd rather have $108,000 invested into real-estate or a mutual fund than siphon off $3,000 a month for 3 years (especially when I know that money can disappear over night if one of my leaders jumps ship).
Heck, if you want the "illusion" of residual income, take the $108,000 made in 12 months, put it into a money market account, and then instruct your bank to transfer $3,000 of it into your checking account each month.
No disappearing downline or dipping sales volume to worry about, and at least you can make some interest on it for a few years.
Get Paid Today. Why wait on $5 Mickey Mouse commissions to drip in when you have no idea how long it will last? Get a year or more of that money up front on Day One, and then do some real damage with it outside.
Which Costs More: A Top Tier Opportunity, or Traditional direct sales or network marketing business ?
The second common objection to Top Tier programs is the start-up costs are "too high".
Actually, they are much less expensive than a traditional supplement based direct sales or network marketing business. The average start-up cost and monthly auto-ship order for a traditional direct sales or network marketing business is about $200. That comes out to $2,500+ a year when you factor in taxes and shipping.
A Top Tier program is usually a one time expense. One time, and you're done.
By the time you hit your third year in traditional direct sales or network marketing business, you've spent over $7,500 on vitamins you could have purchased for 70% less at a local store!
Holy smokes! So if you've been in a direct sales or network marketing business about seven years now, you've spent over $17,500 on products! Ouch!
Yet, your total cost for a Top Tier after seven years would have never gone passed the average $1,500 cost of the product or service.
But, we're not done yet...
There is another new product marketing tools forTop Tier programs. It's not very obvious at first, but something you will come to appreciate if you don't already
Well One Perk Of A Top Tier Opportunity, Is That It Attracts Top Tier People.
Who you work with is completely up to you, so work with the highest caliber of people possible:
Peers! Professionals! Do'ers! People who make things happen, not excuses.
It makes all the difference in the world when you get to spend your time recruiting and working with people who are just like you. They love this industry, and they don't need any convincing.
They already know an investment is required and have no problem with it because they are true entrepreneurs.
Top Tier opportunities attract this type of person because the initial start-up cost scares away the time-wasting, tire-kickers faster than you can blink an eye!
Wouldn't you like to just work with experienced entrepreneurs? People who don't whine, complain, constantly make excuses, or need you to hold their hand 24/7?
Peers who speak and build with self confidence.
People who don't "need" money or want you to "save" them, but people who have a track record of success and who want a better vehicle to invest their time, money, and efforts into?
With Top Tier opportunities, you don't have to work with thousands or tens-of-thousands to make incredible money.
You only need to work with a handful.
Top Tier Opportunities Pay Out Serious Incomes, So They Attract People Who Like To Make Serious Money
We'll assume that you're an experienced networker who knows what they're doing.
You know how to advertise. You have good communication and phone skills. You work diligently on your business everyday, and you're a leader to your team
And how's it working out so far?
$50,000/mo checks showing up yet? Do you have the new Mercedes in the drive way? Are you flying First Class and sleeping 5-Star? Do you take a cab from the airport to the company convention or a helicopter?
Probably not, and it's not because you aren't capable or deserving of that kind of success. It's just that you're working a 2nd tier opportunity that pays out less money for the same amount of work, and attracts people whose goal is to earn $300 - $5,000 a month Not $30,000 to $100,000 per month.
We all have the same number of hours in a day so why not use them in a business that pays out BIG instead of small when it doesn't require any more time or effort?
You become as successful as the people you surround yourself with, so why not work with people who truly live lives of luxury instead of people who drive around in mini-vans with "Lose Weight Now, Ask Me How" stickers on the window?
I don't know about you, but my partners and I got into this industry to earn a massive and stable income, yet we're faced with the fact that traditional direct sales or network marketing just isn't the opportunity it used to be.
So If this G.P.T. model makes sense to you...
If you're ready to find a business that will allow you to make $10,000 to $50,000 per month within weeks or months instead of years without the risks or headaches of a downline, then we'd like to invite you to continue to the next page where you'll have an opportunity to meet one of the fastest growing teams in the Premier Top Tier business in the world who can show you..
Why 97% of Home Based Entrepreneurs Struggle and FAIL MISERABLE ...and ...
How to franchise in a global economy
powered by Youtube
General Franchising
WHY COMPANIES FRANCHISE A BUSINESS MODEL - Learn about Top Online Franchise
Imagine opening 100 new business locations without having to foot any bills for real estate, equipment and build out costs or taking on any risk. Even more, imagine managers running all those locations, which are just as committed to growing the company as you - and not having to pay them a dime. In fact they pay you money for the right to operate your business model.
For many companies, creating a franchise program is a sensible way to achieve rapid, profitable growth without giving up any control or ownership. Going from a single location to a dozens or even hundreds is possible and well-documented because franchise owner-investors put up all investment capital, shoulder all risk and assume all day-to-day operating responsibilities. It's expansion, using OPM - Other People's Money.
ENTERING A NEW BUSINESS
The bad news is a company planning to franchise must realize it is entering a new business, offering an entirely different service (training & support) to entirely new customers (business owner-operators). This new business requires different skills, abilities and expertise. In the new business of franchising, it is critical to develop effective evaluation, documentation, mentoring, training and consulting skills.
THE FRANCHISE FEASIBILITY ANALYSIS PHASE
An indispensable step before any franchise a business development program gets underway is an analysis of the concept and business model. Has the concept been sufficiently proven in the marketplace? How profitable are existing prototypes or company-owned outlets? Franchising will not solve existing problems, it will only intensify them. Franchising is not a way to raise capital, get rich quickly or expand a business with existing problems. There must be sufficient profitability in the business model so that royalty and other payments can be made and leave the franchise owner with a sufficient profit.
THE FRANCHISE STRATEGIC PLANNING PHASE
A successful franchise development program begins with a solid plan - a foundation for franchising. Often there is little or no strategic planning with new companies entering the franchise industry. This is because they utilize the services of a franchise consulting firm or franchise attorney, where little or no attention is paid to critical strategic planning issues. What is called for is not a traditional business plan, a rather thick document that normally does nothing but collect dust in the dark drawer of someone's desk. More important than a business plan is a strategic plan - a vision of the franchise program together with a limited number of concrete, achievable action steps.
THE FRANCHISE DOCUMENTATION PHASE
If your company made doing a good job at the planning stage its number one priority, franchise documentation goals will be apparent. Proprietary assets (like recipes, formulas, methods, branding, operating techniques and customer information) need to be identified and protected. A catchy and appropriate name, logo and tag lines are registered as trademarks or service marks.
A franchise operations manual and franchise training program are developed, often from scratch, to impart business day-to-day operating skills to franchise owners as well as ensure uniformity of products and services. The franchise operations manual and training program curriculum must be drafted or edited with a particular focus. Certain topics, chapters and policies used in manuals for company-owned locations, for example, are entirely inappropriate in a franchise environment, creating significant franchise liability issues.
Finally, and only after all of the above are underway, a FDD Franchise Disclosure Document, similar to a securities (stock offering) prospectus, is prepared by a competent franchise attorney. Doing it correctly and with a balanced, fair perspective can save going to the courtroom later. Using a boilerplate or online FDD template will almost certainly guarantee a visit to the courtroom down the road. Since these visits cost hundreds of thousands of dollars and up, they are not cheap and far outweigh the cost of doing it right to begin with.
Training the Franchise Management Team
When the documentation phase is over, momentum gathers as the exciting implementation phase begins. This is where the sparks begin to fly as franchises are sold, new franchise owners are taught and trained, and opening assistance is provided. It's also when most new franchise companies make serious mistakes that haunt them for years or even decades to come.
The reason: most new start-up franchise management teams have not been trained in how to properly operate their new business, nor can they afford to hire a six-figure, salaried person with franchise management experience. A more practical solution: provide new franchise companies with in-depth franchise training instructional workshops as well as on-going, as-needed advice based. At FDD, we offer this type of training and on-going support based on three decades of excellence and experience in franchise industry best practices
Imagine opening 100 new business locations without having to foot any bills for real estate, equipment and build out costs or taking on any risk. Even more, imagine managers running all those locations, which are just as committed to growing the company as you - and not having to pay them a dime. In fact they pay you money for the right to operate your business model.
For many companies, creating a franchise program is a sensible way to achieve rapid, profitable growth without giving up any control or ownership. Going from a single location to a dozens or even hundreds is possible and well-documented because franchise owner-investors put up all investment capital, shoulder all risk and assume all day-to-day operating responsibilities. It's expansion, using OPM - Other People's Money.
ENTERING A NEW BUSINESS
The bad news is a company planning to franchise must realize it is entering a new business, offering an entirely different service (training & support) to entirely new customers (business owner-operators). This new business requires different skills, abilities and expertise. In the new business of franchising, it is critical to develop effective evaluation, documentation, mentoring, training and consulting skills.
THE FRANCHISE FEASIBILITY ANALYSIS PHASE
An indispensable step before any franchise a business development program gets underway is an analysis of the concept and business model. Has the concept been sufficiently proven in the marketplace? How profitable are existing prototypes or company-owned outlets? Franchising will not solve existing problems, it will only intensify them. Franchising is not a way to raise capital, get rich quickly or expand a business with existing problems. There must be sufficient profitability in the business model so that royalty and other payments can be made and leave the franchise owner with a sufficient profit.
THE FRANCHISE STRATEGIC PLANNING PHASE
A successful franchise development program begins with a solid plan - a foundation for franchising. Often there is little or no strategic planning with new companies entering the franchise industry. This is because they utilize the services of a franchise consulting firm or franchise attorney, where little or no attention is paid to critical strategic planning issues. What is called for is not a traditional business plan, a rather thick document that normally does nothing but collect dust in the dark drawer of someone's desk. More important than a business plan is a strategic plan - a vision of the franchise program together with a limited number of concrete, achievable action steps.
THE FRANCHISE DOCUMENTATION PHASE
If your company made doing a good job at the planning stage its number one priority, franchise documentation goals will be apparent. Proprietary assets (like recipes, formulas, methods, branding, operating techniques and customer information) need to be identified and protected. A catchy and appropriate name, logo and tag lines are registered as trademarks or service marks.
A franchise operations manual and franchise training program are developed, often from scratch, to impart business day-to-day operating skills to franchise owners as well as ensure uniformity of products and services. The franchise operations manual and training program curriculum must be drafted or edited with a particular focus. Certain topics, chapters and policies used in manuals for company-owned locations, for example, are entirely inappropriate in a franchise environment, creating significant franchise liability issues.
Finally, and only after all of the above are underway, a FDD Franchise Disclosure Document, similar to a securities (stock offering) prospectus, is prepared by a competent franchise attorney. Doing it correctly and with a balanced, fair perspective can save going to the courtroom later. Using a boilerplate or online FDD template will almost certainly guarantee a visit to the courtroom down the road. Since these visits cost hundreds of thousands of dollars and up, they are not cheap and far outweigh the cost of doing it right to begin with.
Training the Franchise Management Team
When the documentation phase is over, momentum gathers as the exciting implementation phase begins. This is where the sparks begin to fly as franchises are sold, new franchise owners are taught and trained, and opening assistance is provided. It's also when most new franchise companies make serious mistakes that haunt them for years or even decades to come.
The reason: most new start-up franchise management teams have not been trained in how to properly operate their new business, nor can they afford to hire a six-figure, salaried person with franchise management experience. A more practical solution: provide new franchise companies with in-depth franchise training instructional workshops as well as on-going, as-needed advice based. At FDD, we offer this type of training and on-going support based on three decades of excellence and experience in franchise industry best practices
by llanger009
Hello world. This is my bio. I can edit it later!
- 7 featured lenses
- Winner of 11 trophies!
- Top lens » voice broadcast software
Feeling creative?
Create a Lens!
Explore related pages
- Zurker Review! Zurker Review!
- What is Zemanta? What is Zemanta?
- WordPress 3.0 WordPress 3.0
- Business Networking in Southern New Jersey Business Networking in Southern New Jersey
- Online Franchise | How to Profit 16k a week with this Online Franchise Online Franchise | How to Profit 16k a week with this Online Franchise
- Ash Mufareh Ash Mufareh