How To Select a Franchise

Written by John Mussi


Continued from page 1

Name Recognition: A primary reason for purchasing a franchise isrepparttar right to associate withrepparttar 136460 company's name. The more widely recognizedrepparttar 136461 name,repparttar 136462 more likely it will draw customers who know its products or services:

Training and Support: Another reason for purchasing a franchise is to obtain support fromrepparttar 136463 franchisor. What training and ongoing support doesrepparttar 136464 franchisor provide?

Franchisor's Experience: Many franchisors operate well-established companies with years of experience both in selling goods or services and in managing a franchise system. Carefully consider how longrepparttar 136465 franchisor has managed a franchise system.

Growth: A growing franchise system increasesrepparttar 136466 franchisor's name recognition and may enable you to attract customers. Make surerepparttar 136467 franchisor has sufficient financial assets and staff to supportrepparttar 136468 franchisees.

You may freely reprint this article providedrepparttar 136469 author's biography remains intact:

John Mussi is the founder of Direct Online Loans who help UK homeowners find the best available loans via the www.directonlineloans.co.uk website.


Buying a Franchise

Written by John Mussi


Continued from page 1

Advertising fees: You may have to pay into an advertising fund. Some portion ofrepparttar advertising fees may go for national advertising or to attract new franchise owners, but not necessarily to target your particular outlet.

Controls: To ensure uniformity, franchisors typically control how franchisees conduct business. These controls may significantly restrict your ability to exercise your own business judgment.

Terminations and Renewal: You can loserepparttar 136459 right to your franchise if you breachrepparttar 136460 franchise contract. In addition,repparttar 136461 franchise contract is for a limited time; there is no guarantee that you will be able to renew it. A franchisor can end your franchise agreement if, for example, you fail to pay royalties or abide by performance standards and sales restrictions. If your franchise is terminated, you may lose your investment. Franchise agreements typically run for 15 to 20 years. After that time,repparttar 136462 franchisor may decline to renew your contract.

Before investing in a particular franchise system, carefully consider how much money you have to invest, your abilities, and your goals.

You may freely reprint this article providedrepparttar 136463 author's biography remains intact:

John Mussi is the founder of Direct Online Loans who help UK homeowners find the best available loans via the www.directonlineloans.co.uk website.


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