Tips for Researching a Franchise Business

Written by June Campbell


Continued from page 1

6. When Will You Break Even? Based on your investment andrepparttar breakeven analyses inrepparttar 106867 OP, how long before you reachrepparttar 106868 breakeven point and start making a return on your investment? Do you have financial strategies that will allow you and your business to survive untilrepparttar 106869 breakeven point? What sort of profits might you reasonably expect to make? Franchisors are not required by US law to offer profit projections to their franchisees. However, if they do, they are required to base their projections on concrete research.

7. How are Conflicts Resolved? Is there a Conflict Resolution Policy in place? What do other franchisee's say aboutrepparttar 106870 company's approach to addressing conflicts? Under what circumstances canrepparttar 106871 company terminate your contract? If your contract is terminated, will you lose your investment? When willrepparttar 106872 contract be up for renewal? Hint: Franchise contracts that are renewed do not necessarily keeprepparttar 106873 same terms asrepparttar 106874 original contract. Terms could be less favorable.

8. Willrepparttar 106875 Franchisor's Advertising Campaign Benefit You? You are required to pay a fee towardsrepparttar 106876 franchisor's advertising campaign. Find outrepparttar 106877 extent to which this campaign will benefit your outlet. Do you have any control over howrepparttar 106878 advertising dollars are spent? Can you conduct your own advertising? Do you need permission to do so? Do franchisees benefit from any commissions or rebates thatrepparttar 106879 franchisor receives?

9. What'srepparttar 106880 History of Failed Outlets? Before investing, find outrepparttar 106881 number of outlets that have failed. High numbers could indicate systemic problems. Be aware that some franchisors will disguise failed outlets by turning them into company-owned stores. If you are purchasing an existing outlet, be sure to find how many previous operators have operatedrepparttar 106882 service and why they left. Hint: Conduct interviews with people who have recently left or joinedrepparttar 106883 franchise. Be sure to ask ifrepparttar 106884 franchise company is deliveringrepparttar 106885 promised supports and services.



June Campbell How to Write Business Plans, Business Proposals, JV Contracts,Human Resource Package, More! No-cost ebook "Beginners Guide to Ecommerce". Business Writing by Nightcats Multimedia Productions http://www.nightcats.com


THE ONE PERCENT SOLUTION!

Written by Philip E. Humbert


Continued from page 1

The highest paid, most successful people dorepparttar little things extremely well. They rememberrepparttar 106866 details, acknowledge their friends, and they keep their promises. They return phone calls on time. They remember to say "Please" and "Thank You!", and they smile. They get to work just a bit earlier, make one or two more calls or stay just a bit later atrepparttar 106867 end ofrepparttar 106868 day. The simple truth is this: They gorepparttar 106869 extra mile, and it makes a difference.

They take care ofrepparttar 106870 "little things", andrepparttar 106871 difference is reflected in their paychecks!

What opportunities do you have to improve your performance by just 1 percent this week? It's callrepparttar 106872 "1 Percent Solution", and over time, it makes allrepparttar 106873 difference!



Philip E. Humbert, PhD. Email: Coach@philiphumbert.com Website: http://www.philiphumbert.com


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