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Franchise Operations

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Dec. 23, 2010

Veronique Palmer and 1 other person answered this question

What are the biggest problems that people encounter when drafting a Franchise Operations Manual?

The task can seem overwhelming. It's a lot to write.
There is a book that all franchise (and small business) owners should read. The eMyth Revisited by Michael Gerber. It is invaluable in figuring out your operations manual.
http://www.e-myth.com/pub/htdocs/emr_ch1
The book changed the way I do business. more

Small Business

Entrepreneur

Franchise Operations

Franchise Operations Manual

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Dec. 20, 2010

Chris Turpin asked a question

What do you wish you knew BEFORE investing in a franchise?

Dec. 18, 2010

Jordan Wexler answered this question

What are some risks inherant to operating a franchise?

Where a franchise business can provide you some structure and guidance (since it is usually based on a proven model), this comes at a financial cost. Not everyone is "cut out" for every job. Many times, Franchisors are more interested in selling the franchise rather ... more

Dec. 16, 2010

Maria Marsala answered this question

Are there different guidelines that franchises have to follow with their advertising and marketing?

Allie
It really depends on the franchise agreement.
Some franchises are given cart blanch. To the other extreme of not marketing anything unless it comes from headquarters, and then there is everything in between.
It "should" differ (the ads) because they are tested more throughly ... more

Dec. 15, 2010

Wray Rives answered this question

What sort of non-cash expenses are involved in operating a franchise?

You will likely have depreciation of capital assets and possibly amortization of start up costs and fees. more

Dec. 13, 2010

Caleb Seal asked a question

What do I need to know before buying a franchise?

Dec. 9, 2010

Aaron Emmett asked a question

Do franchises have an inherant advantage over stand-alone businesses?

Small Business

Business Success

Franchise Operations

Franchise Opportunities

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Dec. 9, 2010

Elliot Schreiber and 1 other person answered this question

How can I put my own personal touch on a franchise to make it stand out from others?

This is a great question. It lends itself to the difference between strong franchises like McDonald's, versus looser ones like Burger King. The latter has had problems creating an environment that McDonald's has been famous for.
The way Ray Kroc put his personal stamp on the ... more

Dec. 7, 2010

Maria Owens asked a question

What are some of the biggest mistakes that franchise owners make?

Dec. 2, 2010

Christine Reyes asked a question

How much revenue will a franchise owner typically pay out to the parent company?

Dec. 1, 2010

Sandra Robinson asked a question

How do I know if my business will make a good franchise?

Small Business

Business Model

Business Plan

Entrepreneur Strategies

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Nov. 30, 2010

Riley Morey asked a question

Business format franchising: What are the major growth industries?

Nov. 23, 2010

Jeffrey Summers answered this question

What is riskier: starting a business or buying a franchise?

Buying a franchise is starting a business and both involve risk. You would choose a franchise because it has a ready-made operating system and an established brand. All you pretty much need to do is invest and execute. This option is also chosen by people ... more

Nov. 19, 2010

Carter Smith asked a question

What are the main differences between franchising and licensing?

Nov. 11, 2010

Holly Briscoe asked a question

Why do I need a franchise lawyer?

Nov. 10, 2010

Riley Morey asked a question

What is the biggest challenge that new franchise owners face?

Nov. 9, 2010

David Mace and 4 other people answered this question

How do I turn my business into a franchise?

There are many reasons for turning a small business into a franchise. Franchising offers a way to expand with less capital than owning all your own locations. It also spreads the business risk among a larger group of investors, i.e. franchisees. Another advantage is that ... more

Small Business

Franchise

Franchise Operations

Franchise Opportunities

1 more topic

Nov. 9, 2010

Chris Turpin asked a question

ERP for franchises?

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