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7 Steps Process to Success |
1. Contact Us
Procrastination is the thief of time; the best time to act is now! Fill out the questionnaire; we will keep this information confidential. The information is needed so our staff can offer you the best opportunities that fit your needs and to analyze your financial ability to purchase a franchise.
2. First phone interview
A Consultant will call you to arrange the best time to spend quality time with you to discuss your business goals and business interest. This interview will allow us to find the best business opportunity for you.
3. Franchise search
After review of your questionnaire, we research the best franchises that meet your business criteria.
4. Consultation
After we have identified the best franchise opportunities, we present them to you. Upon your interest in one or more of the opportunities presented, it's time to arrange an introduction with the representative of the franchise. Remember, you are never obligated to buy a franchise. We at Franchise Consultant are only presenting you with the opportunities. We understand it is an on-going process. You and your family will make the decision based on what is best for you.
5. Contact with the Franchiser
After we have introduced you to the franchiser, the franchise representative will send you materials to look over and become better acquainted with the franchise. In most cases, they will send you the Uniform Franchise Offering Circular (UFOC). This is the disclosure document for their franchise opportunity and will contain all the information about the franchise. You are under no obligation in receiving the UFOC. A list of all franchisee's and contact information will be listed in the UFOC. We recommend you talk to some of the franchisees for feedback about the franchise. This could help you make the right business decision.
6. Discovery Day
Discovery Day is a very important event and most franchisers have them. It is a full day of presentation about the franchise and a time to meet the Corporate Support Team. Once the franchiser has your financial information you are invited to a Discovery Day. Again, you are under no obligation to buy a franchise.
7. Decision to buy a Franchise
You have now completed your homework and have found the perfect franchise. You took the necessary steps to plan your future and made the best decision for you and your family. "Congratulations" you have bought a franchise. Now it's time to go to work and build a successful business. |
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Franchise or Business Opportunity?Business opportunities are less structured than franchises, so the definition of what constitutes a business opportunity isn't easy to pin down. In essence, a business opportunity is any package of goods or services that enables the purchaser to begin a business and in which the seller represents that it will provide a marketing or sales plan, that a market exists for the product or service, and that the venture will be profitable. Here are other key factors: - A business opportunity doesn't generally feature the seller's trademark; buyers operate under his or her own name.
- Business opportunities tend to be less expensive than franchises and generally don't charge ongoing royalty fees.
- Business opportunities allow buyers to proceed with no restrictions as to geographic market and operations.
- Most business opportunity ventures have no continuing supportive relationship between the seller and the buyer; after the initial package is sold, buyers are on their own.
The Pros The greatest strength of franchising is its ability to bring independent retailers together using a single trademark and business concept. The benefits of this affiliation are many: brand awareness, uniformity in meeting customer expectations, the power of pooled advertising and the efficiencies of group purchasing. For the individual owner, there are several advantages to franchising. The ever-present risk of business failure is reduced when the business program has already proved to be successful in the marketplace; the use of an established trademark saves the business owner the cost of creating and advertising a name that customers will recognize; and the advantages of group advertising and purchasing make operations more profitable. In addition, ongoing training creates an instant operational expertise that would otherwise need to be acquired through trial and error. Also, with franchising, expansion seems to come more naturally. Operating a successful franchise may quickly lead to building a second and then a third business, and so on. Fortunes have been built this way.  | - Reduction of risk
- Turnkey operation
- Standardized products and systems
- Standardized financial and accounting systems
- Collective buying power
- Supervision and consulting readily available
- National and local advertising programs
- Point-of-sale advertising
- Uniform packaging
- Ongoing research and development
- Financial assistance
- Site selection guidance
- Operations manual provided
- Sales and marketing assistance
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