Investment

F is for Franchising

Posted on by franfrog2016

Looking into franchising is one of the most popular and most common ways of entering into the world of business. First time entrepreneurs and even expanding business owners find franchising as a profitable and easily feasible venture. Even people with minimal knowledge about commerce can now start a business once they have identified the right franchise for them.

Before you go around looking for the right franchise, you must have a firm grasp of what franchising really is.

Let us discuss the basics.

As defined by Entrepreneur.com, Franchising is a method of doing business wherein a franchisee is granted the right to engage in the business of offering, selling or distributing goods or services under a system prescribed in substantial part by a franchisor. The franchisor also provides the trademark, the trade name, logo and advertising.

Franchising is a form of a contract. It is an agreement between the Franchisor and the Franchisee outlining what each could do for the other. This agreement usually contains the use of company name, use of the franchise system and franchise fees.

The franchisee is allowed to use the company name of the franchisor. As franchise brands are already established and may already be popular, there is then no need for the prospective entrepreneur to think of a brand. The franchisor is lending its name to you.

Most businesses, even with the vision of a product or a service, still have a hard time initially. This difficulty stems from the complexity of creating a system that works for the business. You would have to create protocols, establish guidelines and implement standardized procedures. It is admittedly a daunting task, especially for people who do not have previous experience in handling or starting up a business. In franchising, the franchisor is lending you a tried and tested system of the franchise brand.

It looks like you are being handed free lunch because everything is ready for you. But franchising is far from free. You would have to pay a franchise fee to the franchisor once the agreement is underway. Franchisors also normally charge royalty fees on a regular basis depending on the agreed terms.

Franchising is a challenge, as with any other type of business. You need hard work to succeed in business. Couple your hard work with our knowledge at Fran Frog and you will find a sure-fire way of achieving your goals. We are not just a franchise consulting agency, we are your family.

Three Reasons Why Franchising Is Such A Hit Among Millennials

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Millennials are not just the future. They are the present. They have come to the age where they have enough purchasing power, resources, and capability to prove the world that they are a notable reason why the economy is it is how it is today. Even in business, more and more millennials are stepping up and have conquered the business world even at such early age.

But millennials with their appetite for speed would usually want to venture into something that they can profit from in just a few months or years. They are also the type who doesn’t want to really start from scratch and hassle themselves with start-up problems. This is the reason why millennials just love franchising. Franchising is a sure hit to millennials because of the following reasons:

1. Years of experience not needed.
As long as money is available, anyone can buy a franchise. In franchising, the owners are not required to have proven business skills and years of experience to really run it. The franchisors will provide the set-up, the system, and the training needed to run the business. Thus, even millennials can run a franchise very easily.

2. Higher success rate versus starting a new business.
The good thing about franchising is that the system and the model are already proven to work. This gives franchising an edge versus starting a new business when it comes to success rate. If the system, model, and business strategy is just followed well, there is a very high chance that even millennials can reap their target returns the soonest time possible.

3. A good reputation has already been established.
Remember that millennials don’t want to start from scratch. This means they don’t want to go through marketing and advertising discussions that have no guarantee to work. With franchising, they are buying a business that is already known and established. They need not create a good reputation and image anymore since it is already there and it is working.

To know more about franchising, it is best for millennials or anybody to approach a franchise consulting agency. Fran Frog of Jupiter Florida is a franchise consulting agency that helps you select the best business to franchise, serves as your consultant and coach as you enter into the venture, and will even help you assess if franchising is really fit for you. Trust Fran Frog to help you find the business that is best fit for you and your returns targets. So don’t trust on beginners luck, contact a franchise consulting agency today and be sure of success. Fran Frog can be reached through 1-800-388-2810. Call them today for a free consultation.

The Roles of the Franchisee and the Franchisor in a Franchise Agreement

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Have you decided to own a franchise already? If not yet, consider acquiring one now as there are lots of income potentials in owning a franchise. On the other hand, if you have come up with a decision to obtain one, then, you are one step closer towards your desire to be financially independent. You may still be puzzled right now on concerns about how to start a franchise, which franchising business is the right one for you, or what are the things required to begin. Taking advantage of the high quality services of a trusted and reliable Franchise Consulting Agency, like us at FranFrog, is your wisest decision as these agencies are capable of finding the best franchising business and franchisor which corresponds to your business preferences. They can also be your guide as you complete the agreement with the franchisor.

One of the important things that you need to know is a franchise agreement which is the contract between the two parties involved in the acquisition of a franchise, the franchisee and the franchisor. Both parties entail certain roles and responsibilities which must be strictly adhered to for the franchise business to be successfully operating.

The Franchisee’s Responsibilities

1. Maintain the business’s good reputation.
2. Supervise the growth of the business, and lead the business to success.
3. Abide by the franchisor’s and the franchise’s business system and operation strategies. Consistency is a major challenge for franchisors which should be strictly followed by franchisees. Let us at FranFrog, the best Franchise Consulting Agency, provide you with various business systems of franchisors that you can choose from.
4. Ensure that the franchised business is generating a huge amount of income and profits.

The Franchisor’s Responsibilities

1. Provide business support to the franchisees.
2. Keep operating methods and techniques of franchising business standardized, highly effective, and efficient.
3. Continue to improve reputation of the business, from great quality products to best customer satisfaction.
4. Create innovation and expansion programs or plans for the franchised business.

The success of a franchise type of business greatly depends on the determination of the franchisee and the franchisor to strictly follow their roles and responsibilities detailed above to ensure that business services and products are consistently offered to the market. With our franchise consulting services at FranFrog, the most trustworthy Franchise Consulting Agency that you can turn to about franchising concerns, we help you achieve financial freedom through business ownership as we find the franchise business that suits your passion. Do you have questions about franchising? Tell us at info@fran-frog.com. We will be glad to answer your queries and clear your doubts.

Traits of a Winning Franchisee

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Before you even start looking for franchise business to capitalize on, try to assess yourself and your personality to see if a franchise business is right for you. You have to make sure you have the right traits and characteristics needed for franchising in order to succeed at it. Choosing a franchise business, or any type of business for that matter, can be intimidating and demanding, which is why you should have the proper skill set and mindset for it. You can opt to hire a franchise consulting agency to help you start out.

Try conducting a bit of self-assessment before you consider franchising a business and you can potentially save everyone involved a lot of hardship. As any franchise consulting agency will advise and tell you, franchising is about following a proven system in order to replicate the success of the original business. Aside from the ability of following a system and guideline, here are a few traits than can determine whether a franchising business is a good fit for you:

1. Result-oriented. You want positive results for your endeavor, that’s why you work hard to achieve quality results.

2. Broad thinking. You know that great things start from small beginnings, which is why you keep your eyes on the goal.

3. Optimistic. Solutions and opportunities are more obvious to you than problems or hindrances. You take care of problems by solving them instead of wasting time on how they happened and you make sure that the end results are positive.

4. People Person. You know that the fundamental key in a successful business are the people, both customers and employees. Building relationships and keeping them is most important for you.

5. Resilient. You know how to get back up after a setback and you won’t let it dampen your goals and dreams. You strongly bounce back from adversity.

Franchising may not be suitable for everyone. A person’s traits and characteristics will have a huge effect on the success of his or her business. Aside from having a reliable and knowledgeable franchise consulting agency to guide you, sufficient financial sources and thorough research, the above five traits are rudimentary to having a successful franchise business. If you ticked off all of the five traits above, chances are that you have the confidence, drive and motivation to be a successful franchise business owner.

Why is FranFrog the Key to Your Entrepreneurial Dreams?

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Have you always dreamed of having your own franchise of a certain business but is hesitant because you don’t know where to start? Feeling overwhelmed by the number of franchises available on the internet but don’t quite know which one is the “perfect match” for you? Are you willing to take the risk to get where you want? 

If you answered “YES” to the following questions, then you’re in the right web page. Introducing the answer to your prayers — FranFrog — the leading Franchise Consulting Agency in Military Trail Jupiter FL! When you decide to work with us, we’ll help you attain the franchise of your dreams. 

Who are we?

We’re a Franchise Consulting Agency located in Military Trail Jupiter FL that was founded to help aspiring entrepreneurs take their stepping stones in business ownership. This is because at FranFrog, we believe that everybody deserves to succeed. And when you work with us, you’ll surely achieve success!


Why work with us?

Some people are hesitant to ask help because they think that acquiring a franchise is easy-breezy. But honestly, the industry of business ownership has its twists and turns that can lead you downhill upon making one wrong move. Here are some reasons why working with us is the best solution:

1. We’ll guide you all throughout the process.

From carefully selecting the best franchise for you, to making the right decisions along the way, you’re sure that as a Franchise Consulting Agency in Military Trail Jupiter FL, we’ll guide you every step of the way. 

At FranFrog, we do our best to help our clients succeed in the path that they decide to take. 

2. We make sure you find your perfect match. 

At FranFrog, we’ll help you find “the one” (franchise, that is) to help avoid future complications. We conduct a thorough process of selection to create a mutually successful franchisor-franchisee relationship. Not only do we help you find your perfect franchise; we also help the franchisor find the perfect investors that can contribute to the growth of their business. 

3. We provide proper training to create a more competent franchisor — a more competent YOU. 

After finding the perfect franchise for you — all the legal information has been disclosed, an agreement settled – then you are now to undergo training. This is extremely important to make you more knowledgeable and competent with the matters of business ownership. 

Still having doubts on whether you should work with us?

Keep in mind in order to succeed in the business industry; one must take lots of risks. Yes, owning a franchise is not that easy but it’s definitely worth your tiny risks. 

So if you’re one of the aspiring brave-hearts out there, come and visit us at FranFrog, your Franchise Consulting Agency in Military Trail Jupiter FL. Work with us towards your long-awaited success!

3 Disadvatages of Franchising

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Before you enter to franchising, you need to be able to be aware of the disadvantage it can bring to you. You do not want to immediately jump in the cold water, right? You may regret it for sure.

Fran Frog, a franchise consulting agency in Military Trail Jupiter FL, shares to you the drawback in investing in a franchise and we promise to keep it real. So without any further ado, here are the 3 disadvantages to running your own franchise business:

1. Deficiency in independence
It is crucial for every franchisee to know that every feature of the business plan is common and defined with other franchise outlet. Buying a franchise means that the franchisee is willing to work under the system in which the franchiser sets them.

In running a business tied up to the likes of a franchiser, you need to be able to exert discipline in managing the trade. Everything is written and laid down in a manual and you have to strictly follow every single word. If you are one businessman or woman who is fond of modifying and taking risks, this is not the industry for you.

There are times when your franchisor will be checking in on you and how you run your franchise. Do not consider this a nuisance for you are paying your franchiser to train you and bring the best out of your business. When you will be able to receive enough advises and trainings from your franchisor, you can now do your own troubleshooting. But if your franchisor continues to bug you out even if you already know the methods of running the franchise smoothly, you may consider his or her interest as an intrusion for it is in fact, your business after all. When you do not need the assistance of your franchisor anymore, you can discontinue paying him for the additional service charges.

2. Flexibility is not needed
Remember that in franchising, the franchisee only needs to follow the franchise contract. This is the very reason why franchising the not the very flexible business there is. Even if you think your decisions are needed to improve your performance in your locality, you still cannot freely change the system, the format and even the equipment itself. All of that is the job and decision of your franchisor. Because of this, you may lose interest in your job as a franchisee. That is why you need to buy a franchise that you will enjoy and one which has its potential for development.

3. All for one, one for all
You need to know that before you enter the world of franchising, the franchise business you will be running is affected by the other franchisees buying the franchise. If many of them perform poorly, the reputation of the whole franchise business, including yours, will fall even if your franchise is the best among all of them. Therefore, you need to look for a franchise that is capable and principled in every way – a franchise that can hold a candle among competitors and economic changes.

Franchising can be a very practical business to devote on but things may go bad if you treat it as a lazy business. Make sure you have with you a consultant for you to depend on. Such consultant is Fran Frog, a franchise consulting agency in Military Trail Jupiter FL.

To enjoy the services of Fran Frog, you may visit the franchise consulting agency in Military Trail Jupiter FL or you may visit us at www.fran-frog.com.

Top 5 Tips for Working with a Franchise Consultancy Firm

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Just like when buying a new house and lot, choosing a franchise can be both exhilarating and demanding. Exhilarating because you will be working on a new/ additional chapter in your life, or you might finally be working on your greatest passion in life. Demanding because you have to keep up with its responsibilities and of course, you have to choose the right franchise for you.
Your task is to find the right franchise but to go along the road of franchising, you must have the best franchise consulting agency in Military Trail, Jupiter FL. So below are the top 5 ways when looking for a franchise consultant:
1. Choose wisely
When you venture into the world of franchising, you also have to choose the right consultancy firm wisely like how you have chosen the right college for you. You are looking at franchising as a life-long goal that you can also enjoy doing along its long, winding road; so, the franchise consulting agency will be working hand-in-hand with you along the way and you cannot afford to lose time talking with the wrong people because you should be investing them with the right ones.

2. Communicate clearly
Since you are looking for the prospects in franchise consultancy, you have to ask and tell each of the potential, future “partners in franchise” on what you need from them. You must be 100% confident upon hearing all the details with how they are going to work out franchising for you at the same time 100% comfortable in voicing out your concerns. It is like choosing a friend in class to be talk before the class starts.

3. Take control
Even though they are experts, it is your business. Your franchise consulting agency must be able to give you the right choices and these choices must not make you go crazy. They should be able to help you in making your decisions smoothly and patiently. Franchise consultants are go-getters but it is you who must be in control with the ins and outs of the franchise. Do not hesitate to take control over the management of your future successful business.

4. Avoid conflicts of interest
You and your consultant must “click”. Meaning, your interests and specializations must be in congruence so that you would not find your consultant as the bigger problem than your franchise and franchisor. Your consultant and the consulting agency must be open-minded, warm and must have the same goals and interests as you.

5. Consider the costs
Costs vary from one agency to another. Search widely on quality franchise consulting agency in Military Trail, Jupiter FL and compare the costs and benefits they can ask and give from/to you. Ensure you do not sacrifice quality over quantity because the franchise is your future dealing and if your franchise consultant is not the best in town, then consider looking for another one.

Top 5 Things to Do in Looking for a Franchise

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Do you want to be a new business owner? After choosing the quality franchise consulting agency in Military Trail, Jupiter FL, you will have to choose the right franchise. Below are the top 10 things you have to do in choosing the right franchise:

1. Search for a franchise with an extensive support system
The system of senior management should be extensive, meaning it equally supports all its branches without having one been missing out; and intensive in terms of quality service and management. You will get the hint of a good support system if its franchisees are soaring in the market. In this way, if you get the franchise, you will be able to soar high with them.

2. Define passionate senior managers/franchisors
A passion is a life-long journey for something. A good track record can be a good basis of passionate senior managers/franchisors. Also, the top management could possibly have a good rapport with its franchisees having been able to duplicate the knowledge and success to its franchisees.

3. Must have stable with clear and on-the-point long-term goals
In the discussion, you should discuss long-term goals with the franchisor. It is better to foresee a long, tedious work in the future than a short-sighted policy at hand. Take time in discussing what could boost the sales in your area in a span of time as well.

4. Goal-driven franchises with transparent communication to current franchisees
You will like know about this when its franchises have equal breadth in terms of customers and the support it can deliver to each one would make it sensible to have a franchise with. Because good franchisors would make sure his/her franchisees would get all the concerns answered and the problems solved for it is also his/her responsibility to provide them with all the materials and tools.

5. Able to undergo comprehensive and consistent training programs
Considering you already have the basic business skills and attitude, all you need is a comprehensive training program before and during the business cycle. The training must never stop for you and your staff. This is also a great big help to polish skills and abilities for a 100% customer service.

For more information, you can contact FranFrog franchise professionals. Read more on our services because you are on the right track! Our specialists are already trained in franchising and are ready to help your business passion to be realized. Do not wait to run out of choices, grab franchising opportunities with us here at FranFrog. Check our services as a franchise consulting agency in Military Trail, Jupiter, Florida and experience the whole new road to success through franchising today!

Still doubt franchising? Read this!

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Simplified Franchising with Fran Frog

Still doubt franchising? Read this!

So, you have your finances ready. All you need to look for at this moment is the best place to invest your dollars into.

You know franchising, right? I bet you’ve heard some failed franchises, yet multitude success stories have also been told.

Truly, when you choose to put your money into franchising, you will be exposing yourself to risks. But, isn’t every opportunity partnered with uncertainties?

To persuade you in pushing through with franchising, Franchise Consulting Agency in Military Trail Jupiter FL would want you to remember these advantages.

It’s obvious, franchising would require less capital from you.

Relatively, franchising would demand less finances and less effort from you. When you start-up your own business, you would have to spend more on research, and prototypes to make sure that your idea would be successful.

However Fran Frog, your Franchise Consulting Agency in Military Trail Jupiter FL would advise our clients to put their money in franchising, if they do not have the leisure of time and abundant finances.

Yes, franchising means less possibility of failing.

The business has already been proven and tested by other franchisees. Although your location might cause a variation in the appreciation of the market, surveys have found out that your income might only differ for 2%-5% statistically.

Hence, when you franchise, you will be more than sure that you can get your return on investment especially if you hire the right Franchise Consulting Agency in Military Trail Jupiter FL.

Your staff will have appropriate training.

The quality of your product or service would primarily depend on the expertise and skills of your personnel. For instance, if your business would be a burger stand, even if you will receive stocks from your franchisor, the burger’s taste or preparation would still depend will still depend on the knowledge and competence of your staff.

On the other hand, when you get your own franchise, experts and professionals will train your staff. They will be trained to sufficiently maintain the consistency of the product brand of your franchise.

You own your franchise.

Owning a business would be rewarding- emotionally, financially and mentally. You get to use your body and mind regularly. And while you exercise your brain, you can earn at the same time.

And you can get all these rewards when you own your franchise, when you run your business.

Now, if you still need a little more push before you decide to step into franchising, call Fran Frog, your Franchise Consulting Agency in Military Trail Jupiter FL.