Be a Franchise Owner – Owning a Franchise Information
Owning A Franchise May Be Hard Work, But There Are Considerable Benefits To Being Part Of An Established Business.
At a glance, it seems that our community is working harder and longer than ever. As the national economy is slowing and unemployment is predicted to rise accordingly, it seems only natural that workers put their noses to the grindstone in an attempt to move up the ladder, or even just to make ends meet.
Whilst this is certainly the case for a majority of the population, for the remaining group there can be noticed a significant shift in their intention and chosen direction when it comes to making decisions about their working life. More and more people, females in particular, are choosing flexibility and family commitments over climbing the corporate ladder and earning the big bucks.
Currently, one of the most common options that people are turning to as a way to have more control over when, where and how much they work, is franchising. Once only associated with large multi-national businesses such as McDonalds and Starbucks, the franchising sector in Australia continues to grow steadily and can be anything from a cleaning business, to mortgage brokers and supermarkets. This growth is attributed to two major factors, one being that a greater number of successful business owners are looking to expand their empire and do so by creating and selling franchises. The second reason compliments the first, as people chose to prioritise what is important to them and what best suits their desired lifestyle, they are consequently choosing to purchase these newly created franchises.
Owning a franchise allows business owners to have control over a range of aspects that would be unlikely to be up for negotiation in a regularly employed position. By owning a franchise, business owners are able to set their own work hours, perhaps molding it around picking up the kids from school, playing tennis with friends at 11am on a Wednesday or any other commitments that may exist. They are able to work from home or a selected convenient location, as well as having the satisfaction of reaping the direct benefits of their hard work.
Franchising contributes large amounts to Australia’s economic landscape through not only creating a wealth of new business owners and providing them with a platform in which to learn and grow as business people and as human beings, but also provides job opportunities and valuable products and services to the community.
By purchasing a franchise, the franchisee is provided with a support framework from the franchisor. This can be anywhere from regular training, to marketing support and networking opportunities, all of which directly benefit the franchisee’s business as well as contributing towards the good name and future success of the company as a whole.
A recent Potential Franchisee Survey, conducted by Mortgage Choice, shows that for those considering purchasing a franchise, the most appealing factors were all related to the fact that what they are buying into is already established. In most cases, there is an established recognition of the business brand within the community. Purchasing a franchise also ensures that there is an established business model along with other necessary tools such as suppliers and access to support networks via the franchisor and other franchisees. Potential franchisees like the fact that there is a better likelihood of success when compared to starting a small business from scratch. It also opens the door for increased exposure through advertising and media as the combined resources of a franchise can access much more that a single small business owner.
Obviously, purchasing a franchise is not necessarily the right fit for everyone, however many of those that have made the choice would swear that it has made a drastic change in their lives and they will never look back. As with every important business decision it is strongly recommended that you seek professional independent advice before taking any action, as failure to do so could be damaging down the track.
At The Quinn Group the team of legal and accounting professionals are able to provide you with comprehensive advice regarding all aspects of buying and selling businesses and franchises. So, if you are looking to buy a franchise or would like to investigate if franchising is a viable option for you, call us on 1300 QUINNS or click here to submit an online enquiry, and one of our team will contact you to further discuss your specific situation.
By: Michael Quinn
Article Directory: http://www.articledashboard.com
The Quinn Group is an integrated, accounting, legal, and financial planning practice offering expert advice to help you achieve your business and personal goals. With more than 15 years’ professional experience, we are committed to building long-lasting relationships with our clients by providing superior service in a timely and cost-effective manner. For more free advice please visit Tax Lawyers.
Topics: Franchises | 1 Comment »
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Franchise Opportunity – Questions and Answers
Franchise Opportunity – Frequently Asked Questions
In the Franchise Industry the most common questions we get asked by people looking for a franchise opportunity are covered in this list.
Question: What is franchising?
Answer: Franchising is where you buy the rights to a business concept, trademarks & know how. In return you pay a franchise fee and a percentage of your profits.
Question: What is a franchise?
Answer: A franchise is, in its simplest terms, an agreement between the franchisor and the franchisee, whereby the franchisee has the rights to use the logos and trademarks of the franchisor and the ability to market the franchisors products. Both parties commit to a legal agreement which protects both their interests. The franchisee usually pays an initial franchise fee and ongoing royalty payments.
Question: Is it better to buy a franchise opportunity or start my own business?
Answer: Based on the surveys carried out by the US Department of Commerce & NatWest/BFA, the majority of franchisees are still trading profitably after five years. Everyone knows that the majority of people who start out in business on their own, I am sad to say, end up failing within the first three years. When you buy a franchise business, in return for a franchise fee, you receive training and ongoing support. You also benefit from the knowledge that the franchisor has picked up over many years.
Question: How much does a franchise business cost?
Answer: There are no fixed prices for a franchise opportunity. Depending on your budget there are franchises to suit most people ranging from only a few thousand, to over a million.
Question: What’s the first step to buying a franchiser?
Answer: Do a search on the internet for the following: “franchise”, “business franchise” & “franchise opportunity”. You will find a wealth of material on the internet. You can also buy magazines that specialise in franchises and of course, you should attend franchise exhibitions where you can meet the franchisors or their agents and ask questions. At the exhibitions, in some cases you will also be able to touch and feel the products that form the cornerstone of the franchise!
Question: How do I raise the funds required to buy the franchise?
Answer: Most banks have special units set up to help potential franchisees. In many cases the franchisor has done the hard work for you and arranged special terms with lending institutions!
Question: Which franchise is right for me?
Answer: The best franchise for you is not necessarily the business that makes the most money! Buy a franchise which suits your lifestyle and is interesting to you. If you like the products that you are marketing, then you are much more likely to enjoy your work!
Question: Can I sell my business when I want to move on?
Answer: If your franchise business is trading profitably, then you should be able to sell it like any other business. Your franchise agreement will go into detail the processes that are involved in selling the business. Unfortunately, if your business is not making a profit, then it will be difficult to find a buyer.
Finally, always take legal advice before signing any franchise agreement. Your lawyer has to ensure that the agreement is fair for both parties. Your accountant will help in evaluating the profit potential of the franchise opportunity.By: Naz Daud -
Article Directory: http://www.articledashboard.com
Naz Daud is the founder of CityLocal Business Franchise Opportunity Business Franchises and UK Business Directory Business Franchise Opportunity
Topics: Franchises | No Comments »
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How To Grow Your Company To $10 Million – An Interview With Eben Pagan And Joe Polish
Hey guys and girls, Eben just emailed me with his hot new video!!!
I am amazed at the FREE content Eben give out…It will help anyone!
Check it out
Adrianne
Eben writes….
I just posted a great video on my Altitude blog -
featuring me being interviewed by Joe Polish.
In the interview, I discuss many aspects of
growing a business, hiring and managing a
team, and creating powerful marketing.
I’ve gotten a LOT of questions about hiring
people, running a “virtual team” – and how to
manage and lead people. This interview
covers these topics IN DEPTH.
Got sign up here to watch the entire video HERE:
http://www.AltitudeHomeStudyProgram.com
This video will give you more insights into
how I think about growing a business… and
I think it will help you a LOT.
Talk soon,
Eben
P.S. I’m going to be launching Altitude next
TUESDAY at Noon Pacific. I’ve got a few
important surprise announcements about
this class – so keep your eye on your email
over the next few days!
Topics: Business | No Comments »
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The Site Rush
The latest buzz going on in affiliate marketing has to do with the impending release of Saj P’s latest online venture. On Tuesday, December 16th, Saj P will be releasing The Site Rush.
This is Saj P’s first solo venture, but you may be familiar with his name from two products he released in a joint venture with Alex Goad, Four Tier Annihilation and Affiliate Payload. Both of those products shot to the top of Clickbank sales list, and I expect the same from this product.
This product revolves around the concept of site flipping, similar to what people are familiar to when it comes to flipping houses. When you flip a house, you look for a property with some potential, buy it as cheap as you can, and then take some time and effort to improve the house. Once you’ve finished that process, it’s time to put the house back on the market at a much higher price and “flip” it for a large profit.
The concept is quite the same. It involves finding a piece of “virtual real estate” (an established website) and buying it at a very reasonable price. From there, the concept is to “fix” it up, clean up the content, and monetize the site. Once the site is established a money maker, you then look to sell the site to an interested buyer.
This is a simplified explanation, but Saj will show you for the first time many of the underground secrets he’s used to build his online empire which returns in excess of 6 figures per month. Please stop by to read our full Site Rush review as we go more in depth.
Topics: Affiliate Marketing | No Comments »
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Internet Marketing Newsletter by Armand Morin
Internet Marketing Newsletter is launched!
Armand Morin is at it again but this time it’s likely going to create quite a “stir”.
He just released the first issue of his brand new Internet Marketing Newsletter.
But here’s the catch…
It’s absolutely F.R.E.E!
Even better is the fact that there is no “hidden” charge and each month you can receive the newsletter without paying a single dime.
Can you see why some people will be angry?
Other marketing newsletters are being sold for $47, $97 and even $297 a month – and many would argue that Armand’s free newsletter is better!
Plus when you see who else is involved, you’ll immediately realize that Armand went out of his way to surround himself with a team of contributing authors who have all experienced tremendous success in their marketing niche.
In each information packed monthly issue, he’ll be giving you in-depth coverage of hot, relevant issues like…
- Marketing Strategy
- Beginner Marketing
- Copywriting
- Affiliate Marketing
- Podcasting & Social Media
- Internet Success Recipes
- Testing & Tracking
- Pay Per Click Advertising
- Google Updates
- SEO
Download the Internet Marketing Newsletter ’s first issue and you’ll immediately understand why it’s creating quite a buzz in all kinds of marketing forums across the web.
Topics: Internet Marketing | No Comments »
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5 Main Types Of Advertising Techniques Online
Many people are confused by the different types of advertising techniques online. In today’s blog post, my aim is to classify all the techniques into 5 main types. I will also discuss the key to success in each of them.
Ready? Here we go…
1) Content Advertising
The first type of advertising technique is content advertising. It basically uses content to draw visitors’ attention. It is the main type of advertising technique because the entire internet is made up of content (or information).
The following traffic strategies all fall under content advertising technique:
- Submitting articles to article directories
- Posting articles to Squidoo, Hubpages or Blogger
- Posting articles to your own blog or content website
- Press release
- Paid reviews at other people’s website
- Yahoo answers
- Social bookmarking at Digg, Propeller etc
- Post videos in video sites
- Posting comments in forums
In content advertising, you draw traffic from 2 sources. You either get the traffic from the website where the content is posted or from the search engine.
Existing traffic from the website is given. There is nothing much you need to do other than making sure that your content is good and your title is interesting.
The real challenge lies in getting traffic from the search engine. Your aim is to get high ranking in the search engine and direct the traffic from the search engine to your content and then to your website. This is done through careful keyword research and search engine optimization.
Topics: Advertising | No Comments »
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How To Increase The Response Rate To Online Advertising
Nowadays, it is getting harder to get high response rate to online advertising. I am not scaring you but merely stating the fact, from experience.
In the past, a simple squeeze page consisting of a headline, some tips and an opt-in form can easily get an opt-in conversion of 10%. But now, the conversion of such a squeeze page is hardly 5%!
I am utterly surprised that some professionally designed squeeze pages are getting the response rate that I expected.
Is online advertising dead?
Topics: Internet Marketing | No Comments »
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Fastest Way To Get Top 10 In The Search Engines
This is an article to show you the fastest way to get top 10 in the search engines for your own website. This method always work, especially for keywords with low competition. But there are some factors you need to consider before using it.
Topics: Search Engine Optimization | No Comments »
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Building a Business NOT a Blog eBook
Building a Business NOT a Blog – Make Money Online Blogging
Yesterday I posted about Blogging to the Bank 3.0 but as I don’t want to stick with just one resource, today I wanted to give you another point of view about blogging.
There’s always things one book covers that others not and that’s why it is very important you always get the information you need from different sources and this way, analyze, compare and extract the best information of them so you’ll get a full point of view.
Blogging to the bank is a good eBook for beginners. The price is fair -at this moment- and the information is quite worthwhile but to be honest, there is another eBook available for some time now that is a master piece. It’s called Building a Business NOT a Blog… and it’s free!
Here’s what you’ll learn:
- Make Money Online Bloggingusing WordPress Blogs
- Uncover Incredible Niche Markets that are Already Proven Money Makers
- Set up Your Blog so Both the Search Engines and “Real” People will Absolutely Love it
- Create “Content with Purpose” That Will Have Your Readers Doing Exactly What You Want Them To
- Create a Viral Link Building Strategy that will Skyrocket Your Blog Like You Never Thought Possible
- Dominate the Search Engines Faster Then You Thought Possible
Here is what they say:
“This is no resale right piece of garbage ebook that was thrown together to try and get subscribers… you need to understand right now that this is the real deal. We have put together an incredible resource for you that we can guarantee you it is more valuable than 99% of the eBooks you would pay $97 or more for at ClickBank.
We are not wanna be’s that are just recycling crap to try and sound like we know what we are taking about… we are full time into this and we make a very profitable living doing it.
This eBook is us spilling our guts out showing you exactly how we do it. Why are we sharing this all to you? We are sick and tired of people throwing around theories and we are even more sick and tired of people claiming that JohnCow.com is not the real deal!”
I think they say it all… and they know what they say. Download it. You won’t regret it!
Building a Business NOT a Blog
Topics: Blogging | No Comments »
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Blogging to the Bank 3.0
Blogging to the Bank 3.0
Blogging has been around for a some years now. Many people create blogs to register their inmost thoughts and lives, meanwhile the select few employ them as a free manner to produce wealth.
One marketer who uses this to his benefit is Rob Benwell. In 2006 he found the road to making a fortune using blogging and shared his methods. But as time passes the antique systems get antiquated and new techniques are needful. This is where his modern, recent Blogging to the Bank 3.0 system comes into play.
For those who sympathize with or know who Rob Benwell is, you’ve most likely made a killing using blogs.
For those who don’t, here is a brief story:
Back in 2005 he was struggling to produce any benefit online, had dropped out of school and was getting deep into debt. He was trying all the techniques the gurus recite and wasn’t getting anywhere. All of that went stored in the hard drive and he started using his own techniques and started making more and more income using just blogs. Soon in 2006 he shared this with the public and had a precious ebook called blogging to the bank. Lots of people got wealthy from using these techniques. He, one day, spoke at Yanik Silver’s Underground Seminar where he revealed even more of his unexplained strategies. Then, July 2007 he released Blogging to the Bank 2.0 which showed users his new methods to creating online money using blogs. In aggregate, both versions have been read by over 50,000 people worldwide.
But as I said previously, those techniques are now showing there antiquity and some of them are not even working! That’s why the major need of a new and improved version of Blogging to the Bank.
It’s full of major new techniques that work online right now! Everything’s explained in plain English. Straight and concise.
Blogging To The Bank 3.0 teaches you his new step by step blueprint to creating highly productive long term blogs using the newest optimization techniques. There’s even a section on advanced SEO strategies. Many people think SEO is difficult but Rob explains this very simply so even the blogging newbie will understand it.
Blogging To The Bank 3.0 is a breath of fresh air and I highly recommend it to anyone wanting to earn money online using blogs.
Topics: Blogging | 1 Comment »