How To Select a Franchise

Here are some useful tips on how to select a franchise. When selecting a franchise, carefully consider a number of factors, such as the demand for the products or services, likely competition, the franchisor's background, and the level of support you will receive because like any other investment, purchasing a franchise is a risk. You will do well to consider the following items before selecting a franchise:

Demand: Is there a demand for the franchisor's products or services in your area? Is the demand seasonal? Is there likely to be a continuing demand for the products or services in the future? Does the product or service generate repeat business?

Competition: What is the level of competition? How many franchised and company-owned outlets does the franchisor have in your area? How many competing companies sell the same or similar products or services?

Ability to Operate the Business: Will you be able to operate your outlet even if the franchisor goes out of business? Will you need the franchisor's ongoing training, advertising, or other assistance to succeed? Will you have access to the same suppliers?

Name Recognition: A primary reason for purchasing a franchise is the right to associate with the company's name. The more widely recognized the name, the 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 from the franchisor. What training and ongoing support does the 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 long the franchisor has managed a franchise system.

Growth: A growing franchise system increases the franchisor's name recognition and may enable you to attract customers. Make sure the franchisor has sufficient financial assets and staff to support the franchisees.

You may freely reprint this article provided the 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 http://www.directonlineloans.co.uk website.

---

How To Start a Small Business

Not sure how to start a small business? This guide... Read More

Look Out for that Great Accountant

There are many factors to be considered when you are... Read More

How to Write a Credit Policy for Your Business

The book, "Become the Squeaky Wheel," by New Hampshire author... Read More

In Home Daycare Businesses for Profit

To have one of the popular in home daycare businesses.... Read More

Mini-Blind Cleaning Business, Case Study

Sometimes the simple businesses are the ones, which make good... Read More

Alliances: Drawing The Line

How far can you go based on your relationship with... Read More

Dealing With a Crooked on the Take Government Worker

Many government department heads are on the take. Oh they'll... Read More

Not Listening Can Hurt Your Small Business

Most small business owners seek advisors who can help them... Read More

Is Your Small Business Name Important?

You bet a name is important. Many small business owners... Read More

Procrastinate Your Way To A Successful Small Business

What will your business look like a year from today?If... Read More

How to Avoid the Most Common Reasons for Small Business Failure

The life cycle of the typical small business is short... Read More

Self Serve Car Washes in the United States

In the 2003 Auto Laundry News Survey it was determined... Read More

Setting Up a Pressure Washer Rig to Clean Concrete

Maximum efficiency in the cleaning industry is a key to... Read More

How to Get Started As A Government Contractor

Becoming a contractor or sub-contractor for the U.S. government can... Read More

Small Business Credit Card Advantages

Obtaining a business credit card enables the small business owner... Read More

Small Business Secrets: Self-Confidence Can Be Arranged

At first blush this idea might be difficult to wrap... Read More

Money Series 1: Who Takes Your Money

Your business is making profits, but where is the cash?... Read More

1 Overlooked Key to Small Business Success

Is this you?You dreamed of owning your own business, doing... Read More

Using Technology to Manage Customer Loyalty

Don't let your customer satisfaction research initiative collect dust on... Read More

Franchising Companies Relationship Strategies

Franchising Corporations need to maintain an iron fist when it... Read More

Make Your Business More Profitable

More sales and more profit. Isn't that what you want... Read More

Tips on Setting Up Your Small Business Bank Account

One of the first things you will need to set... Read More

More Business Card Marketing

If you are worried about how many different business cards... Read More

Accounting Methods ? Cash and Accrual

When starting a business, you have to determine the method... Read More

Financial Dose for Business

The goals of businesses have undergone much evolution from the... Read More

How to Give Informative Talks

Why should you do informative talks to smaller groups?Informative talks... Read More

Naming Your Business: 3 Tips To Ensure Success

If you are just starting your business, or if you... Read More

7 Reasons To Take Control Of Your Small Business? Checking Needs

Business checks are available in many styles and varieties. They... Read More

Start a Resume Writing Service for Profit

The resume writing service serves an important role in the... Read More

Knowledge is Power

Why does research and education play an important part of... Read More

Alliances: What works, what does not

Why Alliances FailWhen do you know an alliance is falling... Read More

Work is a Four Letter Word

I love work, I can watch it all day.I am... Read More

How To Start A Blind Cleaning Business Quickly And Easily

Starting the blind cleaning business is one of the best... Read More