Franchising Will Grow In Recession

FRANCHISING WILL GROW IN RECESSION

History shows that franchising grows strongly in recession, because as job losses and redundancies hit, many workers decide not to return to the workplace. Employees that loose their jobs decide to take their destiny into their own hands. Even in shrinking or slowing market conditions franchising offers a more secure way into business for once employed individuals. For franchisors that are recruiting now more than ever should be planning their network growth strategy. Banks are still keen to lend to new and expanding franchisees. Credit ratings are now more important than ever with the banks. Franchisors should be working closely with the leading banks to ensure they can effectively support their potential new recruits in their approach to the banks for funding.ng.

-Franchising is one bright spot in a lagging economy,” says Gregg Reynolds, chairman of the International Franchise Association, “Last year, more than 18,500 new franchise businesses were created, adding approximately 108,000 new jobs to the economy.”

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Popular Philippine Business Trend For The Masses

What made franchise businesses a popular trend in the Philippines? Although it was only a few years ago when this business type had gained a lot of popularity and demand in the country, franchising had long been practiced in the country. The only reason why franchising had gained a lot of popularity is because of small franchise business in the Philippines.

Popular Business Trend
According to many business experts, franchising had gained a lot of popularity and demand in the country. The reason why, according to many business experts, is because of the popularity of food-cart and food-stall businesses.

Unlike in the past in which most franchise businesses were fast-food restaurants and convenient stores, or any other large businesses, which only the wealthy were the only ones that can afford its franchise costs and overhead costs, franchise businesses of today are geared towards the average Filipinos. Food-cart and food-stall businesses, according to many experts, are far less expensive compared to the cost of a whole fast-food restaurant.

Far Less Expensive Franchise Costs
According to many business experts, the cost of a simple food-cart franchise business can go as low as 25,000 Philippine Pesos. Its cost made it easier for Filipinos to afford starting their own small but profitable business through franchising.

However, like any other types of franchise businesses, the more popular and recognize a business is, the more expensive it gets. One of the most expensive food-cart businesses available in the Philippines today can go as high as 250,000 Philippine Pesos to 350,000 Philippine Pesos. It all depends on how popular the business is.

Simpler Business
In addition to its lesser expensive franchise costs compared to larger franchise businesses, food-cart and food-stall businesses are also known for its simpler requirements compared to larger franchise businesses.

Most small franchise business Philippines wouldnt usually require any credentials from the franchisee other than their payment, while other more successful franchise business may require experience in handling a business as well as in marketing. However, this can be easily achieved by anyone with any experience. Not unlike larger franchise businesses which will require experiences in a managerial position or have attained an MBA.

Other than just the requirements, food-cart and food-stall businesses can also be easily placed in any high-profile or high foot-traffic location, such as in malls, shopping centers, bus and train terminals, and even in wet markets and in the side-walks, which usually dont require any construction.

Ten Tips for More Effective Meetings

Review the agenda and the meetings purpose. Get agreement on the outcomes to be accomplished by the end of the meeting. Make sure you have genuine buy-in.

7. Appoint a Devils Advocate

For each issue discussed, appoint and rotate the role of “devil’s advocate”. Many people will not speak out at meetings for fear of retribution, low group trust or just the fear of looking stupid. As a result “group think” becomes the norm and poor decisions result. By appointing a devil’s advocate, you give official permission for raising differing views.

8. Designate Follow-Up

After an issue is agreed upon, designate:
Who is responsible
What they will do
By when This is the key issue of accountability. It makes the meeting worthwhile because it results in real organizational change.

9. Do a Meeting Review

On a flip chart sheet, draw a line down the middle. On the top of the left column place a simple plus (+). On the other column, place a delta () (for needs improvement). List group responses to the following:
Were the outcomes achieved?
What worked and what didn’t?
How can the meeting be improved? Use this information to plan the next meeting.

10. Monitor What Happens After the Meeting

Note the water cooler/coffee machine conversations after the meeting. That’s where the real meeting analysis often comes out. Comments made away from a meeting negative or positive do not contribute to the meetings productivity. If you hear such comments, figure out a way to bring that information to the next meeting. It may require a revision of the ground rules so people feel safe to discuss the real issues.

Meetings don’t have to be the horrible experience that they often are. By following these tips, your meetings and your organizational results will improve.

Franchising Your Business & What To Look For In Franchisees

Franchising your business can help you to achieve scale much quicker than you would otherwise be able to. It also means that you wont have to raise as much debt and equity financing as if your business decided to go it alone. But, even if youre sure that franchising is right for your business, how can you be sure that the franchisees that you choose are right for your business? This article takes a look at how you can screen your franchisees to ensure they dont damage your brand and jeopardise your growth. The article focuses on franchising where the franchisee is a person, rather than a company, and they intend to take an active management position.

Creditworthiness

Its important to ensure that your franchisee is creditworthy for two reasons. Firstly, it shows their willingness to fulfil their obligations historically, and could be a sign of how trustworthy they are. Secondly, you can use this information to check how likely it is that they are to be able to afford on-going payments they make towards to your business. You can also find out how much assets they have, and the degree of leverage they will be using to purchase the franchise. The more leverage, the more likely things could go wrong. However, just because things arent looking great historically, and theyre low on assets, doesnt mean they cant contribute. Its about getting the mix right between prudence and flexibility.

Track-record

Although you are looking for a business partner, and not an employee, many of the rules are the same. If someone has a history of high job turnover, poor attendance, and long periods of unemployment then they are probably not the optimum candidate for a franchise opportunity. When youre franchising your business, and youre looking to get the best people in place, these are factors you should definitely consider. Another factor is their relevant experience for the job they will do. If youre franchising a plumbing business, for example, then if the person has experience and qualifications in this area then that could work well. Management experience is something thats not always necessary, but it can be important too.

Depending on the type of franchise youre selling, it will usually be worthwhile doing a criminal background check, and other similar checks.

Passion & Drive

Its important that your franchisees are both passionate and driven. This will mean that they will drive higher revenues, youll get higher management fees, and theyll be happier at their job. It also probably means they will contribute more towards your brand.

Most businesses know they want people like this, but finding them can be another matter altogether. Ensuring that you are disciplined in who you are willing to work with is the first step, and the second is encouraging franchisees yourself. The franchising manager should maintain a good dialogue with franchisees, and provide them with the support they need to remain highly determined to be successful. Ultimately, you and the franchisee both play an equally important role in their success.

Which Is Best A White Collar Or Blue Collar

Its a hard world. Especially in business. Theres a certain brutality in the land of commerce. Its supposedly every man for himself, or so were told in a dog eat dog world. Weve all heard the expressions. Every man for himself, etc, etc, etc. Lame though these adages seem for being so hackneyed, theres an element of truth behind them, but it isnt just in terms of commercial competitors that there this strength of feeling is inspired. Theres in fact still a degree of rather misguided approach towards the two main sectors of the franchising business.
So, we have our blue collar franchises and our white collar franchises. By tradition franchise was the domain of the blue collar brigade. The phrase derives thus: Blue collar workers were mostly working class and the work they did was manual or in the line of manufacture, often unskilled labour was described as blue collar. Conversely, the term white collar, was used to describe those with higher qualifications, often these people were engaged in the administration side of concerns that employed vast numbers of blue collar labourers. Overall, a blue collar franchise would be one that involved the production of something, manual work, or at the very least a hands on approach to an untrained job.

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White collar franchises are growing, and they work very well, but theres still a percentage of the population who incorrectly believe they wouldnt personally be suited to white collar work. Very often people from blue collar backgrounds dont feel they have what it takes to break the mold and branch out into unknown ventures. However, on the positive side white collar work, especially consultancy type business, is suited to all kinds of people, in actual fact, it cant be said that blue collar work would suit everyone, so in terms of versatility white collar franchises are suited to a wider range of potential operatives.
So what is the best white collar franchise on sale today? Internet research reveals that WSI was named the worlds first white collar franchise. The company has been voted No 1 in its field for 7 years. And their franchisees, from all walks of life, are capable of succeeding irrespective of their experience as full training and support is provided throughout the building of their career.

Certified WSI Consultants implement the companys ground-breaking technologies, expertise, training and support to provide bespoke Internet solutions to business clients – all of the technical work is handled for the franchisee. Best of all, this business opportunity is available for the modest recession-friendly fee of $49,700.
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WSIs Internet Marketing Consultants enjoy personal and professional independence by utilising the companys six-phased development plan (this model has been responsible for the success of thousands of businesses of all sizes worldwide.) WSIs solutions are custom made to succeed! These methods significantly boost revenue, shave expenses and enhance productivity. Also, because the companys services are so effective, even franchisees with no experience find that they quickly bring in the rewards.

Preschool Franchising – A Profitable Business Enterprise

Preschools are becoming popular in India, thanks to the high awareness and high income of families these days. These schools are mushrooming in metro cities and small towns alike and are providing various advantages to both the children and the parents. However, the preschool market is still huge and requires to be tapped and for better penetration, a lot many good quality preschools are looking for franchising options.

So, if you are someone who would like to work with kids and create a profitable business venture out of it, then you can contact a preschool that offers franchising options. While contacting the preschool, it is better to get in touch with brands that have made a name for themselves in providing good quality education. You can also approach some international preschool brands that are leveraging their business in India.

Moreover, franchising a preschool is an easy business option as capital investment and other requirements are much lesser. You would require a property of 2500 to 4000 sq. ft. and an investment of about 10 to 20 lakhs for renovating the property, buying furniture and other equipment required for children along with salary for teachers.

While some preschool brands provide staff recruitment and training, some do not. Also, some of them take care of the advertisements and provide you with school bags, books and the like. However, if you are recruiting the staff, then do not compromise on the quality of teachers, as their performance is essential for your business to meet with success. Also, depending on your budget, you can provide additional recreational facilities to children in your school.

So, if you are planning to start this business, then you can browse the internet and find out about the best preschools in India who are providing franchising options. You can get in touch with them and discuss the matter and to find out about their terms and conditions. In this manner, you can choose the preschool brand that you think suits your requirements the best.

Being the franchisee, you will get to know about international best practices, various teaching techniques and the like. You can also get the satisfaction of working with kids and help them learn.

Even if you do not have adequate finances to start a franchisee, you need not worry as you can avail a bank loan for your enterprise. With the rising popularity of preschools, this is considered a good business option for entrepreneurs and you can invest in this to make a profitable venture.

Are you interested to franchise a preschool? Share your views with us.

Gaurav Sharma is the author of this article who loves to write blogs and columns on his favorite topics like preschool education, preschools in India and day care school. In this article he has shared information about preschool franchise.

How to Make Your Home Business Successful Through a Connection with another Business

Is it really possible to make your home business successful simply through a connection with another business? Indeed, the answer is a resounding yes! Granted, skeptics are quick to point out that it is unwise to send your customers or even only potential customers someplace else, but consider all the benefits!

For example, if you are running a home business that specializes in designing and creating outfits for dogs, why not make the connection with your local veterinarian? If you already own a dog and assuming you and your vet have a good relationship, she or he will most likely not mind having some of your business cards and maybe even a photo of your dog in a spiffy outfit displayed on the office bulletin board. This connection might net you some customers, since anyone who visits the vets office is usually kept waiting long enough to peruse some of the ads on the board. From there, why not branch out and make the connection with your local animal shelter? Maybe you adopted your own dog from there, and you could offer a free doggie garment of a non expensive variety, of course for anyone who adopts a pooch from there. This will get your name out, but it will also be undoubtedly good for some repeat business! Yet another connection could be made with your dogs groomer. After all, she or he is in business to make dogs looks and feel good, and so are you! As you can see, your home business can become a resounding success simply by making a connection here and there.

Another example is that of the home business that does notary work. Notaries are in constant demand, since many business transactions have to be notarized. Sure, banks, law offices, and even some medical offices might have their own notaries, but what if someone gets sick? What if a transaction did not originate in a local office, but instead took place via the Internet? Getting the name of your home business out there is the connection you will need to make in order to be called in when there is a need! For example, think of a way that your notary business is different from the way the notary at the local law office does business. Odds are, the law offices notary is also a legal secretary, paralegal, or relief receptionist, and having her or him leave the office is next to impossible. You, on the other hand, are free to travel to a signing, a clients business, or even the courthouse. Make sure that you talk to the lawyer and the human resources manager at the local law firm and make that connection. After all, a home business connection is worth money!

Restaurant Franchising Opportunities- A Great Investment

If you are planning to start a new business that helps you to open new gateways of profit, food industry is quite a tempting sector that you will surely love to invest in.

If you are planning to start a new business that helps you to open new gateways of profit, food industry is quite a tempting sector that you will surely love to invest in. But before investing, it is necessary to have good knowledge about the food industry and other relevant issues. It is very important to decide well about what type of business is suitable for you. Restaurant franchising opportunities is the best option if you are newbie in the food industry, as it will allow you to explore and enjoy the readymade business.

There are many brand food organizations that offer a wide variety of restaurant franchising opportunities such as fast food centre, health food centre, take away centre and many more. To make things easier and successful for you, this franchisee provides you proper marketing strategy and training help. You will come across many franchising opportunities who hand over different strategies for your business. So before becoming an authorized franchise dealer of any brand, make sure you select the one which you are more interested.

There are basic things which you should consider if you are opting into the business of food industry. It is very important to know before buying any franchisee, the kind of skills you posses to run the business. Restaurant business is the one which you need to work for hours and ensure that all your customers are satisfied. All these skills are essential in order to have both financial and management keeping skills. Another main thing one should do before investing into venture is to do deep research. Ensure that the facilities offered by the franchise offer quick serve restaurants facilities. All this crucial information will help you in leading your business in the market successfully.

The food industry is a big one with various segments and sectors to explore. Hence it is important that you know your choice of restaurant franchising opportunities before taking your step forward in this industry. From fast food, healthy food to multi cuisine restaurants, there are ample of restaurant franchise opportunities waiting for you to explore and invent. It is always suggested that you research and survey about the changing eating habits and trends of people well before deciding on your choice of business in order to enjoy profitable gain.

Another major thing to consider before opting for your choice of restaurant franchising opportunities is that you should know about the budget or fund that you can afford. Different companies require for different values as fee in accordance to the market reputation and recognition.

One major factor that is of utmost importance while running a restaurant for sale is that of consistency. People come back to the same place if they receive same quality of service, if not better, and this consistency of providing quality food and service forms a loyal customer base. If you think that the restaurant business is ideal for you, and then you just need to search in online directories where you will find thousands of restaurant franchising opportunities awaiting you.

Resources: John is the author of this article on franchising opportunities. Find more information, about Quick Serve Restaurants here

Points To Consider Before Business Franchising

Business expansion… It’s like the icing on every entrepreneur’s cake. It seems to be the ultimate business opportunity for anyone who has worked hard and invested a lot. What better way is there to expand your business than through franchising your own business franchise? Truly, this is a promising move when done correctly. However, business franchises which lack proper research, statistical back up and others can prove to be a total disaster.

Setting up business franchises should always be backed up by thorough researches that have been methodically completed. All concerns regarding the establishment of business franchises should always be based on studies which assess the performance of the original branch of the franchise. This will be the main determinant of how weak or strong how strong the foundation of a business franchise really is.

First, consider the marketability of the original products and services of the business before putting it up for franchising opportunities. To assess this accurately, make sure to evaluate the business’ performance in relation to the current environment. Some useful determinants of environmental variables are socio economic conditions, local natural conditions and others. To further make use of your accumulated demographics, also start testing if these variables are the same with that of the prospected areas where you want to set up your business franchises. Remember that the success of a business in one place doesn’t necessarily guarantee the success of failure of its business franchise somewhere else, unless statistics say so.

Second, you must make sure that you have ample resources and capital that can keep the business franchise running, while taking care of your mother branch. The capital you must readily have should cover expenses for supplies and other expenditures which need to be settled in order to make you business franchises work. Most of the time, it is better to start off with money you already have, instead of loaning too much. If you can’t afford it, don’t expand. That’s a hard and simple rule for wise business franchise development.

Lastly, always consult a trusted and experienced franchising consultant before doing anything rash. Their piece of advice will be very handy in safeguarding the welfare of your business. With the help of reliable franchise specialists, all the blind spots of your pending business franchises will be revealed. Such information will be very useful, especially if you’re new to the world of business franchising.

Always consider these before pushing through with business franchise opportunities. Although these may sound too complicated, they will lead you to more prudent decisions when it comes to expanding your business through franchising opportunities. In the end, you will see that these are crucial aspects of business franchise development that you would never want to miss.

The Business Industry of the Philippines

Want to start a business? Businesses have become a very popular trend in the Philippines, particularly among the many average Filipinos. Part of the reason why is because of the many new business opportunities introduced in the Philippines which caters to the budget of the middle class of the society. A popular example of those types of businesses includes franchise businesses.

Franchise Business of the Philippines According to the Philippine Franchise Association, or PFA, the governing body that regulates the franchising industry of the Philippines, the franchise business industry of the Philippines had significantly grown in the market since the 1990s, from 50 franchises, to over 1000 today.

The advantage of franchise businesses is because of the idea that the success of the franchisor is also the success of the franchisee, in which franchisees have the advantage of starting up quickly based on a proven trademark, and the tooling and infrastructure as opposed to developing them.

According to many experts, the reason why the franchise industry had grown in the Philippines is because of the growth of new franchise businesses, particularly in the food cart sector which had continuously grown even today. The reason why is because many of todays food cart businesses have become much more affordable. With only P20,000 Philippine Pesos, a Filipino can easily franchise a new food cart business.

Because of this, many Filipinos were given the chance to secure their future and the future of their family with starting up quickly based on a proven trademark, and the tooling and infrastructure as opposed to developing them.

Financial Support Programs Due to the increasing popularity of businesses in the Philippines, either franchise or from scratch, many loaning firms as well as banks have offered new Business loans Philippines that aim to offer Filipinos the financial support they needed to start a business of their own. BPI is one of the many banks in the Philippines today that can offer Business loans Philippines.

BPI Ka-Negosyo is one of BPIs financial support plans that aim to offer Filipinos the chance to start their lives anew or to improve their lives. BPI Home-Loan and Auto-Loan are some popular services by BPI, until Ka-Negosyo was founded to offer financial support for Filipino entrepreneurs.

Because of their Business loans Philippines services, many more Filipinos are finally given the chance to start their business without having to worry about the budget to be used for their business.