Should Franchisors Exhibit at Franchise Shows?
The context of this question is really important to understand and the question we would ask is: “What do you hope to achieve by exhibiting at a franchise show?” If the main reason is to sign more franchisees then please read on…The Science & The Art of Franchisee Recruitment
Once a successful company has set up as a franchise, the objective is to become a nationally recognised brand in their particular sector. The only way to do this is to recruit franchisees to cover every territory available. By selecting the right franchisees for...Starting your franchise by selling part of an existing established area
If you are wanting to sell part of your established area, then the best thing would be to put together a really great package and use this to get your first franchisee on board. It would not be called a resale, but rather a franchise area available with an existing...What percentage of the franchise fee do recruitment agents usually take?
This is a question I get asked a lot, so here is a straight and realistic answer to this question: In terms of percentage of franchise fee that franchise recruitment consultants will look to take, it varies vastly according to their expertise, experience, what...Question: “Typically how many different franchises does a candidate look at, and how many proceed into franchising of any kind?”
I was asked this question by a franchisor recently and spent quite a bit of time carrying out analysis to answer this and thought it would be useful to share this with others… The question of how many franchisors a serious lead looks at, and what percentage of...How to avoid investing in a bad franchise!
The best way to avoid joining a scamchise (!) is to speak to existing franchisees in the network, and not only the ones that should be provided to you by the franchisor, but by finding people through yellow pages, etc. Bear in mind that these people are running a...Are Franchise Shows the Best Place for New Franchisors?
In the UK it seems that the standard procedure for a newly set-up franchise brand is to book a stand at a franchise exhibition even though the majority of new brands will find it difficult to recruit their first franchisees through a show. Shows can end up costing up...‘Franchisee’ or ‘Franchise Owner’ – is there a difference?
I was at the BFA Franchisor of Year Awards on Thursday night to see TaxAssist just pipped to the post by Countrywide Grounds Maintenance amidst the usual pumping dance music accompanying those honoured to the stage! Andrew Quail, the head of business services at the...The Franchise Failures Formula
If you are looking to invest in a franchise and you have narrowed the field down to a few, and you have started to schedule visits to those brands, there is one important question you should ask, which, if asked in the right way, will tell a few truths. It is very...Contact
