Franchisee's Perspective - Invest in an Opportunity, Franchise Direct.com

The Franchisee's Perspective

Checklist -- Evaluating yourself

Is franchising for you? Take time to consider your own strengths and weaknesses before you enter into serious discussion with any franchisor. The following checklists are designed to assist you in this assessment.

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Checklist -- Assessing the business type

Franchisee checklist - assessing the business type. Is this a genuine business format franchise? (It could be a product distributorship or agency which is not really a franchise but is promoted as a business format franchise and should therefore be treated with caution).

Checklist -- Assessing the business proposition

Franchisee checklist - assessing the business proposition Financing the business 1. What is the total cost of establishing a franchise operation? 2. What is included in this cost?

Checklist -- The franchisee agreement

Franchisee checklist - the franchise agreement 1. What is the duration of the franchise agreement? It should last for a sufficient period of time to allow the franchisee to recoup his/her investment.

Checklist -- Assessing the franchisor

Franchisee checklist - assessing the franchisor The franchisor's company 1. Is the franchisor soundly financed? Ask to see audited financial records for three years.

Top 10 Traits of a Good Franchisee

So you are interested in running your own franchise or business opportunity? Before you take the plunge, you need to engage in some serious personal soul searching about the type of individual you are. Here you will find the top 10 traits franchisors are most likely to be looking for in potential franchisees. Take a look at each one and consider if your personality matches any of them.

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Operate a Successful Franchise

For many franchisees the successful nature of their business depends on how the manage to plan for the future with the implementation of strategic business and financial plans. In order for the franchise business to be successful, it is important to concentrate on the daily activities of the business. Keep in mind the following points when you decide to invest in a franchise or business opportunity to ensure its long term success.

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Franchise costs

There are a number of different costs to pay when setting up and running a franchise, so it is important to ensure all of them are examined when choosing a franchiser.

Funding the franchise

The franchisee should budget for the following cost items: a) The initial franchise fee This fee will depend on the structure of the franchise package. In its simplest form, the initial fee includes services to assist with start-up, initial training and the purchase of the franchisor's "goodwill" along with the right to use the brand name.

Franchise Territory – Secure Your Rights before You Sign

As a franchisee, you want to feel secure that your territory and market are protected, and yield the expected returns. The only way to put protections in place regarding your territorial rights is before you sign the Franchise Agreement. Some franchisors do not offer exclusivity rights, and you should know and understand that before making any commitment.

Information for Franchisees