Your SlideShare is downloading. ×
Out On Your Own 2009
Upcoming SlideShare
Loading in...5

Thanks for flagging this SlideShare!

Oops! An error has occurred.


Saving this for later?

Get the SlideShare app to save on your phone or tablet. Read anywhere, anytime - even offline.

Text the download link to your phone

Standard text messaging rates apply

Out On Your Own 2009


Published on

  • Be the first to comment

  • Be the first to like this

No Downloads
Total Views
On Slideshare
From Embeds
Number of Embeds
Embeds 0
No embeds

Report content
Flagged as inappropriate Flag as inappropriate
Flag as inappropriate

Select your reason for flagging this presentation as inappropriate.

No notes for slide


  • 1. The Entrepreneur’s Source
    • Everything you wanted to know
    • about Franchising
    • but didn’t know who to ask
    • John Culliney MBA
    • The Entrepreneur’s Source
  • 2. Beyond Mc Donald's - Food for Thought
    • Starting your own business.
    • What is Franchising
    • Advantages/Disadvantages & Benefits of Franchising
    • Why is Franchising so successful
    • Finding the right Franchise
    • Why would an Entrepreneur look at the franchise option
    • Do I have what it takes to own a franchise.
  • 3. Starting A New Business
    • Advantages Disadvantages
    • Lower start-up cost Requires more time and effort
    • Independence and creative High risk of failure
    • freedom High start-up costs
    • Freedom with location and Takes longer to become
    • procedures profitable
    • An opportunity to draw Financing may be more
    • on you past experience. difficult to obtain
  • 4.
    • A franchise is the agreement or license between two independent parties which gives:
    • A person or group of people (franchisee) the right to market a product or service using the trademark or trade name of another business (franchisor)
    • The franchisee has the right to market a product or service using the operating methods of the franchisor
    What is a Franchise
  • 5. Advantages of owning a Franchise
    • Owning a franchise allows you to go into business “for yourself, but not by yourself” – training, consulting & coaching.
    • A franchise provides an established product or service which already enjoys widespread brand name recognition.
    • A franchise increases your chances of business success because you are associating with proven products, a brand name and methods.
  • 6. Disadvantages of owning a Franchise
    • The franchisee is not completely independent.
    • Manage the business within the boundaries of the agreement.
    • Loose total creative freedom.
    • Exposed to a culture or market direction change.
  • 7. Benefits
    • Access to live information – “pre-investment”
    • Proven formula
    • Quick “turn-key” operation
    • Cooperative buying power
    • Instantaneous Goodwill
    • Established Brand recognition
    • On-going support & success tools
    • You have the benefit of other owners experience
  • 8. Why is Franchising so Successful?
    • A proven system
    • Training and ongoing support
    • Being in business for yourself,
    • but not by yourself
    • Win-win relationship …
    • starts with mutual benefits
    • and grows from there
  • 9. Why do Businesses fail?
    • There are many reasons for failure:
    • Lack of skills
    • Lack of resources
    • Working “in” the business
    • not “on” the business
  • 10. How Successful is Franchising? Most are still in Business after 10 years
  • 11. What are Franchisors Looking For?
    • Owner…not a Technician
    • Transferable skills
    • Willingness to follow a system of procedures
    • Ability to execute
  • 12. Questions To Ask Yourself
    • Do I know why I’m getting into business?
    • Am I willing to follow the process?
    • Am I willing to work hard?
    • Do I have access to start-up capital?
    • Can I support myself during the early months?
    • Are family & friends supportive?
    • Will I do whatever it takes to ensure success?
    • Does the business model support my goals?
  • 13. Finding the Right Franchise
      • Education
      • Profiling
      • Validation
      • Selection
      • Success
    Where Do You Begin?
  • 14.
    • About us : The Entrepreneur’s Source
    • A coaching organisation that works with entrepreneurs and individuals who are exploring start-up or self employment, & businesses who are wishing to expand and improve results
    • Our tools are education, coaching, and the knowledge of hundreds of franchise and other system-based opportunities available worldwide
    • 95% of our successful clients end up in opportunities that they would not have explored on their own, or would have prematurely dismissed
    “ Your success is our only Business”
  • 15. "If you don't design your own life plan, chances are you'll fall into someone else's plan. And guess what they have planned for you? Not much." Jim Rohn The Entrepreneur’s Source
  • 16. The Entrepreneur’s Source
    • John Culliney MBA
    • The Entrepreneur’s Source
    • 0862532704